Mr Adeyemo Adejumo, Managing Director of Continentental Reinsurance Plc in this interview with Patience Saghana recounts reinsurance companies’ experiences since last year. He speaks on the need to deal with credible insurance companies and many more.

Custodian and Allied Insurance plc has assured its shareholders that outstanding premium posted in the company’s accounts will not in any way affect its liquity or solvency.

Determined to ensure that farmers are protected from calamities associated with farming, Nigerian Agricultural Insurance Corporation (NAIC) has provided cover to the tune of N20 billion.

Driven by the intensity to propagate the culture of insurance in every home, Staco Insurance Plc has pledge an absolute commitment to insurance awareness campaign in Nigeria.

Shareholders of quoted insurance companies in the country are panting for a plow back of unclaimed dividends as they drum for investment relation officers in those companies to keep watch on investment of unclaimed dividends
The problem of unclaimed dividends in the nation’s capital market has not only persisted but has also generated passionate controversies that drew the concerns of all stakeholders including regulators.

The 2010 national budget was set out to stimulate the economy which warranted devoting more than 40 percent of the budget to capital expenditure as against 27.76 percent that was allocated to capital spending in the 2009 budget.

Portland Paints Plc has announced a dividend of N0.12 per share for its shareholders, in its 2009 financial statement.
According to its year end, December 31, 2009 result, presented to the Nigerian Stock Exchange (NSE), Monday, the company recorded a 15.59 per cent growth in its turnover to N2.269 billion from N1.963 billion recorded in 2008, its profit before tax and extraordinary items stood at N205.99 million, rising by 9.71 per cent from N187.76 million recorded in 2008, while it posted a profit after tax of N183.1 million, dropping by 2.48 per cent from N187.76 million in 2008.

Economic experts and other professionals have called for the introduction of a code of corporate governance and ethics for public officers and government-owned companies to check the excessive and reckless spendings, a factor which has brought about an unnecessary increase in the cost of governance.

As parts of plans to take advantage of the potentials inherent in the Nigerian market and expansion of its investment activities across key markets in the globe, Pabod Breweries Limited (PBL), a subsidiary of SAB Miller, has commenced the production of Castle Milk Stout (CMS) in Nigeria.