The National Insurance Commission (NAICOM) has formally transferred operational control of African Alliance Insurance Plc to a newly constituted Board nominated by the company’s shareholders, following the successful conclusion of a…

Consolidated Hallmark Holdings weathered a turbulent first quarter of 2026 and still came out strong, tripling its after-tax profit to N20.3 billion. The earnings performance of the insurance holding company has seen wide swings in…

Access Holdings Plc reported gross earnings of ₦2.5 trillion for the first half of 2024, marking a 13.8 per cent rise from ₦2.2 trillion in the same period. This growth was fueled by a significant 38.9 per cent increase in interest income,…

Renewed investor optimism in the oil and gas and insurance sectors pushed the All-Share Index (ASI) of the Nigerian Exchange higher by 0.86 per cent to close at 144,822.78 points in a new bullish week. The rally, despite mixed…

A major reshuffling has occurred on the Nigerian Exchange Limited (NGX) as Wema Bank and Aradel Holdings debut on the prestigious NGX 30 Index, replacing ConOil and Julius Berger…

Net losses from bad loans multiplied more than eight times for Stanbic IBTC Holdings Plc in the third quarter, accounting for over 55 per cent of the N59.4 billion credit losses the bank threw overboard at the end of the third quarter.A…

Heirs Insurance Group (HIG) has announced the appointment of Ibrahim Puri and Sonny Iroche as Independent Non-Executive Directors of its non-life insurance business, Heirs General. The appointments further strengthen the governance…

The insurance services of Consolidated Hallmark Holdings in the first quarter ended in a loss of N73 million, bailout, however, came from the investing activities that generated net investment income of N2.8 billion for the period. The…

Attaining 49.10 per cent Cost-to-Income Ratio (CIR) in 2023 financial year, FBN Holdings Plc ranks highest among Tier-1 banks in Nigeria amid increasing operational expenses. The bank in the 2022 financial year declared 61.70 per cent…

Access Holdings Plc on Tuesday finalised the arrangements to raise a total of ₦351,009,103,017.25 by way of a Rights Issue to existing shareholders to enhance its working capital requirements, which includes organic growth funding for its…