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Business

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Capital Market

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Sovereign Trust Insurance Reports N10.5bn Premium in 2018

Sovereign Trust Insurance Plc says it recorded Gross Premium Written of N10.5 billion in the financial year ended December 31, 2018 as against N8.5 billion achieved in the same period of 2017, representing an increase of 23 percent.

Mr. Seun Ajayi, the Chairman of Sovereign Trust Insurance Plc said at the 24th Annual General Meeting (AGM) of the company in Lagos that the underwriter also achieved Profit After Tax of N344 million in 2018 compared to N158 million in 2017, a rise of 118 percent.

“The size and quality of our balance sheet improved by this performance for the year. While our total assets rose from N10.8 billion to N13.3 billion representing an increase of five percent, the shareholders’ funds increased by six percent from N5.5 billion in 2017 to N5.8 billion”

Ajayi said the increased competition in “our industry has consistently re-engineered our strategies and we will not rest on our oars. Our commitment to continuously take leadership in all our product lines remains unperturbed. The effort of the tenacious Sovereign Trust team in achieving aggressive revenue generation is saluted.”

Ugochi Odemelam, Executive Director, Sovereign Trust Insurance Plc, Yetunde Martins, Company Secretary, (Citipoint Chambers), Oluseun Ajayi, Chairman, Board of Directors, Sovereign Trust Insurance Plc and Olaotan Soyinka, MD/CEO, Sovereign Trust Insurance Plc at the 24th Annual General Meeting of the company in Lagos.
L-R: Ugochi Odemelam, Executive Director, Sovereign Trust Insurance Plc, Yetunde Martins, Company Secretary, (Citipoint Chambers), Oluseun Ajayi, Chairman, Board of Directors, Sovereign Trust Insurance Plc and Olaotan Soyinka, MD/CEO, Sovereign Trust Insurance Plc at the 24th Annual General Meeting of the company in Lagos.

The STI chairman added that the company’s mandate to scale up its operating capital is already at an advanced stage with the on-going rights issue as the first step. He said the company will equally consider other capital raising options as advised by its financial advisers in the course of the year to ensure that Sovereign Trust Insurance Plc is set on a very solid and competitive platform in the industry.

“Our company is well abreast of the happenings in the economy as well as the industry and has proactively followed up on its plan to ensure its target to be amongst the top five by year 2022 is achieved. This program is tagged T522.”

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Topics

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British Theatres, Concerts Say No Shows Without Insurance Support

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The Bloody News from South Africa

When apartheid ended in 1994, the ANC promised to make black South Africans richer (Black Economic Empowerment). The lot of poorer blacks, however, has not improved much. Many are frozen out of the workplace altogether. The unemployment rate among blacks is 28.5%, compared with 5.6% for whites. If those who want work but have given up looking for it are included, the jobless rate is a whopping 41.6% for blacks compared with 7.5% for whites. The Economist, April 27, 2013.

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