casibom Betgaranti Perabet casibom casibom casibom casibom casibom Casibom https://casibomm-fiko.tumblr.com https://muson.org/ casibom giriş casibom casibom casibom casibom giriş casibom casibom casibom holiganbet Casibom casibom casibom casibom casibom casibom giriş casibom casibom giriş casibom giriş casibom casibom casibom casibom giriş casibom PORNOOOOO ANAMI SİKİN BEN ANAMI SİKTİRİYORUM CASİB ANAMI SİKT,İLER EYVAHHH DOLANDIRICIYIZ BİZ PARA İÇİN ANAMI SATIYORUM LİNK PORNO YETER AM ACIDI PORNOSU casibom casibom casibom casibom casibom casibom giriş casibom Casibom giriş casibom casibom casibom PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER casibom giriş https://www.zawadzky.edu.co/ casibom Casibom796 HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE casibom casibom casibom Meritking Meritking casibom
Mutual Benefits Assurance opens N2bn rights issues - The Revealer
Insurance

Mutual Benefits Assurance opens N2bn rights issues

Dr. Akin Ogunbiyi, Chairman, Mutual Benefits Assurance Plc

Mutual Benefits Assurance Plc has commenced the shopping of N2 billion through right issues to shore-up its capital, by offering ₦0.50 rights issue of 4 billion ordinary shares which was scheduled to be available between August 6, 2018 and September 14, 2018 on the basis of one new share for every two shares held as at October 31, 2017.

The offer which was endorsed by shareholders, at the firm’s Annual General Meeting (AGM) held recently, would help increase the Company’s shareholders’ funds, strengthen its capital base, and deepen capacity to underwrite risks, upgrade information technology and enhance working capital.

The Chairman of the company, Dr. Akin Ogunbiyi, at the AGM reassured the shareholders of the company’s commitment to sustainable growth, in line with its 5-year strategic plan.

Dr. Ogunbiyi said, “Both shareholders’ funds and policyholders’ funds are represented by the right portfolio mix of short and long-term investments.” He added that the biggest improvement was the ₦1.02 billion profit that was declared as against the ₦1.35 billion loss recorded in 2016.

He noted that the company has demonstrated its commitment to shareholders through the payment of ₦160 million dividend for the 2017 financial year, a development that arouse excitement amongst the shareholders

The Chairman reiterated that the payment of the dividend would mark the beginning of consistent dividend payments to its shareholders.

The 2017 financial year revealed a 15.6 per cent growth in gross premium to ₦14.04 billion from ₦12.14 billion in 2016, which puts the Company among the league of top Nigerian insurance companies.

Net benefits and claims grew by 53.9 per cent from 2016’s figures. The significant growth in gross premium and better management of resources made 2017 a turnaround year for the company.

Source: www.inspenonline.com

Edet Udoh

We are The Revealer, a general online news platform based in Nigeria. Our focus amongst others is to provide credible, factual, well researched and balanced news and articles for our teeming readers in business, governments, politics, engineering, science, religion, technology etc. Edet Udoh is the Managing Editor. He is an experienced media person. He has worked extensively with the Champion Newspapers, The Authority Newspapers and the Blueprint Newspaper before starting Revealer Online News platform in 2018. He can be reached with this email address: edetudoh2003@gmail.com or via these phone numbers 08061246427 and 08170080488

Related Articles

Back to top button