Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Company News

Why Mansard Insurance did not pay dividends this year

Nairametrics by Nairametrics
May 7, 2015
in Company News
Why Mansard Insurance did not pay dividends this year
Share on FacebookShare on TwitterShare on Linkedin

Mansard Insurance Plc has explained why it did not pay dividends following the release of its 2014 Full Year results. Following a tweet question from an @ugodre follower, @mayowaowolabi on twitter to the company’s twitter handle @Mansardinsure. The company confirmed it decided not to pay dividends because of the cost of acquiring Penman Pensions. The company also explained that it spent money on upgrades of its infrastructure.

Mansard Insurance, now renamed Axa-Mansard Insurance Plc acquired 60% equity in Penman Pensions in January 2015.

See tweets below.

RelatedPosts

How we are providing financial services to millions of unbanked Nigerians – Olaoluwa Awojoodu, CEO, E-Settlement Group

Fintech platform, Layer, set to transform digital banking experience across Kenya through UBA partnership

@MansardInsure is Mansard going to pay dividends to shareholders?, there's been no news of this cc @ugodre @proshare

— Mayowa Owolabi (@mayowaowolabi) May 6, 2015

@mayowaowolabi @ugodre @proshare At the 23rd annual general meeting (AGM), The Chairman, Mr. Victor Osibodu, said that the company did not

— Mansard Insurance (@MansardInsure) May 7, 2015

News continues after this ad


@mayowaowolabi @ugodre @proshare propose dividend due to the investments made in Penman Pensions limited as well as the revamp and upgrade

— Mansard Insurance (@MansardInsure) May 7, 2015

@mayowaowolabi @ugodre @proshare of technology infrastructure, which was financed from the company’s working capital.

— Mansard Insurance (@MansardInsure) May 7, 2015

Excerpts from Chairman’s statements

In line with our overall strategic growth objectives, your company successfully obtained regulatory approvals to acquire 60% equity stake in Penman Pensions Limited. This was done entirely without borrowing due to the prevalent high interest rate environment in the latter half of the year. We have invested your company’s funds in this opportunity and we are confident of superior returns from it in the years to come.

Also, in order to compete favorably in the emerging technology-driven market we have embarked on a robust project to revamp/upgrade our technology Infrastructure. We have developed a set of IT strategic initiatives and implementation roadmaps to actualize this aspiration with attendant cost implications and significantly positive impact on our business anticipated.

…….

Related

Tags: Financial ServicesMansard Insurance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • The last speech delivered by HE Mohammad Sanusi Barkindo (RIP)
    • FCCPC to sanction DisCos for service failures, non-compliance with power sector rules
    • Kuje prison attack: I am disappointed with intelligence system – Buhari

    Follow us on social media:

    Recent News

    Profile of Mohammed Sanusi Barkindo, the late OPEC secretary general

    The last speech delivered by HE Mohammad Sanusi Barkindo (RIP)

    July 6, 2022
    Babatunde Irukera

    FCCPC to sanction DisCos for service failures, non-compliance with power sector rules

    July 6, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com