Insurance

NCRIB trains experts to boost Nigeria’s export

Ihesiulo Grace 23 July 2017 0

The Nigerian Council of Registered Insurance Brokers (NCRIB), has scheduled a two day professional training to boost the nation’s economy through increasing export opportunities and opportunities therein for the insurance sector. The course scheduled for 9th and 10th August, according to the

Insurance

Lasaco Assurance PAT dips by 21% in Q2 2017

Ihesiulo Grace 23 July 2017 0

The Lasaco’s 2017 second quarter result for the period ended 30th, June, showed remarkable decline in profit and loss (P/L) lines which declined, when compared with result of the preceding period of 2016. Profit before tax (PBT) declined by 0.26 per cent, to close the quarter at N483, 502 million, against N651, 430m recorded in […]

Insurance

Guinea Insurance records 88% drop in claims/expenses

Ihesiulo Grace 17 July 2017 0

Coughs out N9 million for breaches in result filing Guinea Insurance Nigeria Plc has reported drop in claims and expenses by about 88 per cent for the period ended 31 December 2016, even as the company has paid a total N9 million sanction for report filling breaches. The NSE X-Compliance report on default filling report […]

Insurance

Equity Assurance pays N1.1m sanction on late result filling

Ihesiulo Grace 17 July 2017 0

As NSE lifts ban on shares trading Equity Assurance Nigeria Plc, with recent release of its first quarter financial statement for the period ended 31 March 2017 and the 2015 audited financial statement has shortened regulatory fine for breaching post listing rule on timely result filling. Equity Assurance for defaulting in result filling, coughed out […]

Insurance

NDIC summons AIB customers to approach zonal offices for title documents

Ihesiulo Grace 17 July 2017 0

The Nigerian Deposit Insurance Corporation (NDIC) has called on customers or depositors of title documents with the African International Bank (AIB) in liquidation. NDIC in a recent publication titled” Notice of title documents in the custody of African international bank limited (in-liquidation)” called upon any person, including debtors of AIB limited whose documents

Insurance

Niger Insurance Investment contract liabilities peaks @N1.01bn

Ihesiulo Grace 10 July 2017 0

Nigeria Insurance Plc’s shareholders may have been reassured that their company is committed to meeting post-listing rules of the Nigerian Stock Exchange (NSE), as its 2016 audited financial statement has been filed. It would be recalled that early in June, when National Insurance Commission (NAICOM) approved results of 32 insurance firms, that of Nigeria Insurance

Insurance

Sovereign Trust: Company evades NSE’s harmer for AFS filing default

Ihesiulo Grace 10 July 2017 0

.As PAT declined to N23.6m from N557.85m Sovereign Trust Nigeria Plc may have evaded huge financial sanction and BLS tag by the Nigerian Stock Exchange (NSE), with the recent release of its 2016 audited financial results and the first quarter 29017 result for the period ended 31 March, 2017. The NSE had in April, placed […]

Insurance

Guinea Insurance unsure of 2016 audited result submission’s date

Ihesiulo Grace 10 July 2017 0

Guinea Insurance recently acknowledged that its audited financial result for the period ended 31 December, 2017, was jet to be filed with the Nigerian Stock Exchange (NSE). The regulatory prescribed filling date for the audited financial statement expired on 31th March, 2017, but at the time of filling this report, July, 7th, the result was […]

Insurance

Niger, Prestige, N.E.M boost sector’s turnover

Ihesiulo Grace 1 July 2017 0

Following the three days’ trading for the week ended Friday, 30th June, 2017, the insurance sector recorded a remarkable turnover of 66,830,015 million shares, worth N38,870,309.54 and exchanged by investors in 327 deals. Four insurance companies, led by Niger insurance, followed by Prestige Assurance lifted the sector’s turnover for the week’s three days’

Insurance

AXA Mansard boosts youths’ earning power

Ihesiulo Grace 26 June 2017 0

AXA Mansard has again demonstrated its commitment towards empowering youths by organizing a financial literacy awareness campaign at NYSC Orientation Camps to sensitize corps members on various decisions that impact their finances and future. AXA Mansard stormed the Lagos, Abuja and Port Harcourt NYSC Orientation camps, to enlighten the 2017 Batch ‘A’ Corps

Insurance

13 insurance firms to pay N5, 000 penalty daily over late result Linkage, Niger, Guinea, others queried

Ihesiulo Grace 26 June 2017 0

Thirteen Insurance firms are likely to be faced with a daily fine of N5,00.00 for non- submission of their 2016 audited financial statements, starting form June 30, 2017, as provided by the Insurance Act. Rasaaq Salami, spokesman for National Insurance Commission (NAICOM) recently said that out of the 41 insurance companies that submitted their 2016 […]

Insurance

AIICO. WAPIC, LASACO, LINKAGE boost insurance turnover by 75%

Ihesiulo Grace 26 June 2017 0

The insurance sector, during the week ended Friday, 23 June, 2017, recorded a total turnover of 88,697,763 shares , out of which turnover in four insurance firms lifted the turnover by 75 per cent with combined turnover of 69.01 million shares. Reflecting the commitment of investors in insurance stocks, AIICO Insurance, WAPIC Insurance , LASACO […]

Insurance

AXA Mansard, Continental- Re remain top priced insurance stocks

Ihesiulo Grace 22 May 2017 0

THE Nigerian Insurance sector provides sound investment opportunity for investors with focus on growing their portfolios and generating financial returns. The top five price issuance stocks as at the close of trade Friday 19th May 2017 showed earning opportunities ,as cross section of analysts maintained that the top priced insurance stocks are undervalued and could […]

Insurance

Law Union & Rock, AIICO lead top five traded insurance stocks

Ihesiulo Grace 22 May 2017 0

The vibrancy of the Nigerian equities market and the insurance subsector in particular was driven by key five insurance stocks that commanded huge volumes traded by investor’s during the week ended Friday 19th May 2017. The top five insurance companies led by Law Union and Rock Insurance Plc, AIICO Insurance, UNIC Diversified Holdings , Regency […]

Insurance

Insurance sector rewards investors with 1.27% earnings growth

Ihesiulo Grace 22 May 2017 0

The Nigerian insurance subsector of the finance sector has sustained investor’s interest garnered in the first quarter to the second quarter, development which has elevated year to date performance to 1.27 per cent. The sector which comprised of mainly low priced stocks listed on the Nigerian Stock Exchange (NSE) outperformed the NSE All Share-Index weekly […]

Insurance

Sovereign Trust Insurance posts 1007% leap in Q1 2017 profit

Ihesiulo Grace 1 May 2017 0

Sovereign Trust Insurance Plc has posted a remarkable boost in profit and loss (P/L) lines the first quarter 2017, even as its total revenue for the period also dropped remarkably. The company’s first quarter Q1 periodic result published by the Nigerian Stock Exchange (NSE) showed that Profit before Tax (PBT) grew by 1,007 per cent […]

Insurance

Axa Mansard Insurance boosts profitability in first quarter

Ihesiulo Grace 1 May 2017 0

Axa Mansard Insurance for the first quarter 2017 has recorded growth in key performing indices as revenue and profit after tax records showed. Released by the Nigerian Stock Exchange, the results showed that Axa Mansard grew revenue to N12. 87 billion, from N8.83 billion in 2016 corresponding period, indicating about 50 per cent growth in […]

Insurance

Continental Reinsurance assures of better performances

Ihesiulo Grace 1 May 2017 0

….Grows Q1 PAT to N515.656million Continental Reinsurance may have send indications that its 2017 financial year would be rewarding to shareholders , going by its recently released first quarter result which continues to generate positive reactions. Continental reinsurance, one of the formidable re-insurance companies in Nigeria, first quarter 2017 periodic result for the

Insurance

Cornerstone Insurance sustains loss position in Q1 2017

Ihesiulo Grace 1 May 2017 0

… Posts 100 % Q1 loss after tax Against expectations of growth due to new opportunities for the Nigerian Insurance industry, Cornerstone First quarter 2017 periodic result showed depressed performance in revenue and profit and loss lines. The results released by the Nigerian bourse for the period ended 31 March 2017, last Friday showed that […]

Insurance

UDH Plc replaces Unic Insurance on NSE official list

Ihesiulo Grace 24 April 2017 0

In conforming to its new scheme of merger and corporate identity, Unic Diversified Holdings Plc has been listed on the official list of the Nigerian Stock Exchange (NSE) in place of Unic Insurance Plc. UNIC Insurance Plc (‘’UNIC’’) was delisted from the Daily Official List of The Exchange and the shares of its holding company, […]