Author: InvestAdvocate

Singapore Exchange offers $38b cash, stock for ASX

MONDAY, 01 NOVEMBER 2010   SINGAPORE Exchange Limited agreed to buy ASX Limited- Australia’s main Stock Exchange, for A$8.4 billion ($8.3 billion) in cash and shares, in a drive to compete with Hong Kong and Tokyo. Shares in the Singapore Company tumbled the most in two years after the announcement. […]

Oil, gas insurance: IEI expresses commitment to development

By Nike Popoola Monday, 1 Nov 2010 International Energy Insurance Plc has restated its commitment to the development of the oil and gas insurance business in Nigeria. In a statement by the company on Saturday, the Executive Director, Operations, IEI, Mrs. Roseline Ekeng, gave this assurance after the company settled energy […]

Mutual Benefits records N402m profit

By Nike Popoola Monday, 1 Nov 2010   Mutual Benefits Assurance Plc has said that its profit before tax rose from a loss of N1.5bn in 2008 to N402.6m in 2009. The Chairman of the company, Chief Chamberlain Oyibo, said this during the company‘s Annual General Meeting in Lagos on Thursday. […]