Cornerstone Insurance

Cornerstone Insurance Heads For Dividend Drought Amid 48% Half-Year Decline

Cornerstone Insurance Plc, Nigeria’s fifth largest underwriter by market capitalisation (N10.2 billion as of September 30, 2022), may experience resumed dividend drought that dogged its operations for five consecutive years, as its 2022 half-year financial results have shown. The 31-year-old...
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Dangote Refinery Faults Continued Fuel Imports, Says Local Capacity Can Meet Nigeria’s Demand

According to market data available to the refinery, imported PMS accounted for approximately 43 per cent of fuel supplied into the Nigerian market in July. The development, it said, raises questions about the necessity of continued large-scale imports at a time when Nigeria has significantly expanded its domestic refining capacity.
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