Financials

Nigeria Liability Insurance Pool Sees 51.6% Increase in Gross Premiums for 2023

  The Nigeria Liability Insurance Pool (NLIP) reported a 51.6% increase in its gross premium earnings for 2023, reaching N1.79 billion, up from N1.18 billion...

Nigeria’s Weak Spending and Purchasing Power Hit MultiChoice Earnings as Subscribers Drop

Foreign exchange woes in Nigeria and a drop in subscribers significantly impacted the earnings of Africa’s largest pay TV group, MultiChoice, in the financial...

Nigeria’s AG Mortgage Plc Reports 92% Surge in Profit for 2023

AG Mortgage Bank Plc has announced a remarkable 92% increase in its profit after tax (PAT) for the full year 2023, reaching N428.863 million,...

Coronation Merchant Bank Receives Fitch Ratings Upgrade

June 11, 2024 - Coronation Merchant Bank has achieved a significant ratings upgrade from Fitch Ratings, with its Long-Term Issuer Default Rating (IDR) rising...

Oando Contributes $550 Million to $925 Million Afreximbank-Led Financing for Project Gazelle

Oando Plc announced its participation in a $925 million accordion financing arranged by African Export-Import Bank (Afreximbank) for Project Gazelle, a crude oil-backed forward-sale...

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