An early shot at the capital market just before the burst has shot SA Insurance to the list of most capitalised underwriters in the country. Current results released to shareholders last week shows a 264% growth in shareholders’ funds at N24billion from N6.3billion position in 2007.

Royal Exchange Plc group announced a gross premium income of N3.3 billion in 2008 financial year.
The N3.3billion posted as at December 2008 was a significant increase from N2.7 billion the company generated in 2007. Expenses for the period leaped to N1.492 billion from N740.65 million the previous year, as a result of N1.16 billion management expenses which shareholders condemned in totality.

The federal government is making arrangement to settle the debts it owed local contractors in a bid to assist the ongoing reforms in the banking sector. The Minister of Finance Dr. Mansur Murhtar disclosed this at a press briefing organised by the Nigeria delegation to this year’s IMF/World Bank meeting in Istanbul Turkey.

By Omoh Gabriel, Business Editor The 2009 IMF/World A nnual meetings came to a grand end Thursday  in Istanbul Turkey with the election of Nigeria’s Minister of Finance, Dr Mansur Muhtar as the Chairman of the Bretton Wood Institution Board of Governors. Nigeria thus will over see the arrangement for the organisation of the 2010 […]

Access Bank Plc, Africa’s financial services brand of global reckoning, has undertaken the sponsorship of the broadcast of UEFA competitions to the Nigerian public for the current UEFA season.