Modestus Anaesoronye

1 week ago | businessday.ng | Modestus Anaesoronye

Afriland Properties Plc, a Nigerian real estate development and management company, has delivered another year of outstanding financial results paying out 63 kobo dividend to its shareholders. The company paid a total dividend of N865.56 million, equivalent to 63 kobo per ordinary share, a 152 percent increase from the N343.5 million paid out in the previous year. The growth the company said is reinforcing its reputation for consistent growth and value creation amid a challenging economic climate.

1 week ago | businessday.ng | Modestus Anaesoronye

Pension savings, a once-distant safety net has become an immediate lifeline for Nigerians who lost their jobs. Just as unemployment and economic hardship worsens, more and more of these Nigerian’s have resorted to drawing from their pension savings to meet day-to-day expenses. This development saw 9,494 Retirement Savings Account (RSA) holders, neatly 10,000 falling back on their pensions as lifeline in the third quarter of 2024 after loss jobs.

1 week ago | businessday.ng | Modestus Anaesoronye

…plans N15bn capitalisationInternational Energy Insurance Plc (IEI) has exited its old long Daewoo loan, paving way for the underwriting firm to strengthen its foundation for capital restructure structure and financial stability. This was disclosed at the Company’s 44th Annual General Meeting (AGM) held the Haitel Hotel Dutse, Jigawa State, marking a pivotal moment in the company’s strategic direction.

1 week ago | businessday.ng | Modestus Anaesoronye

Ebelechukwu Nwachukwu, managing director of Rex Insurance Limited, has advocated for greater youths involvement in the insurance industry in Nigeria as they are future business leaders and should begin to play active roles in the industry now. She made this assertion at an insurance and pension conference held in Lagos recently and had as its theme “Banking on the Future: Youth, Pension and Insurance Penetration”.

1 week ago | businessday.ng | Modestus Anaesoronye

Universal Insurance Plc has paid out a total of N3 billion as claims to policyholders that suffered losses during the 2024 financial year. Jeff Duru, managing director/CEO, Universal Insurance Plc said the amount of claims paid is a reflection of the company’s commitment to meet customers’ expectations, despite challenges in the business environment.