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Insurance firms face hostile acquisition, mergers over low capitalisation

Insurance firms face hostile acquisition, mergers over low capitalisation

More than two-thirds of insurance companies are valued below the minimum capital requirement to operate in the lowest rung of the proposed new insurance capital base, making most insurers susceptible to aggressive mergers and acquisitions. Current valuation of insurance companies obtained at the weekend by The Nation showed that some 70 per cent of insuranceRead More …

Stakeholders await CBN directives on sale of commercial paper

Stakeholders await CBN directives on sale of commercial paper

A commercial paper (CP) is an unconditional promise by a person to pay to the order of another person
The post Stakeholders await CBN directives on sale of commercial paper appeared first on – The Sun News. …

Notore’s N1.6bn debut shares listing lifts NSE Cap with N128bn

Notore’s N1.6bn debut shares listing lifts NSE Cap with N128bn

This listing has added N100.75bn (N100, 754,137,500) to the market capitalisation of The Exchange and
The post Notore’s N1.6bn debut shares listing lifts NSE Cap with N128bn appeared first on – The Sun News. …

‘Capitalisation to drive banks’ competition’

‘Capitalisation to drive banks’ competition’

Coronation Research, a part of Coronation Merchant Bank Group, has said the ability to support risk asset creation in the real sector will differentiate winners from losers in the Nigerian banking industry over the next three years. This is according to a report from one of the leading research houses in Nigeria. While the qualityRead More
The post ‘Capitalisation to drive banks’ competition’ appeared first on The Nation Nigeria. …

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