Friday, September 18, 2020 Nigerian insurers’ average return on equity tumbled in 2019 It’s been clear for a number of years that insurance companies return on equity (ROE) has been waning, with the impact of deteriorating underwriting margins, combined with weak investment performance and spiralling inflation all impacting the profitability of the sector. The added…
DetailsThursday, September 17, 2020 Foreign investors, PE firms seek 100% stake in Nigerian insurers Foreign insurers as well as private equity (PE) investors are taking stronger position in the nation’s insurance industry, with a new trend for total ownership in firms where they have equity stake. Market analysts, who have watched the trend after about…
DetailsWednesday, September 16, 2020 Low yields push Nigerian banks to expand loan books Some Nigerian banks are aggressively looking to expand their loan books, making it a key performance indicator (KPI) for their relationship officers who are constantly reaching out to individual and corporate customers. This new push by Nigerian lenders comes despite the Covid-19…
DetailsTuesday, September 15, 2020 BREAKING: Nigeria’s inflation rate accelerates to 13.2% in August, highest in 28 months Nigeria’s Consumer Prices Index (CPI), commonly known as inflation, accelerated by 13.22 percent in August 2020, according to data released by the National Bureau of Statistics (NBS) Tuesday morning. This marks the 12th consecutive uptrend since September 2019…
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