Arbico Plc released its earnings forecasts for the fourth quarter ending 31st of December, 2021. Revenue was projected at N1.1 billion.
Cost of sales projection of N658.5 million
Finance income was projected at N1.67 million
Total expenses projection of N401.85 million.
Tax was projected at N20.97 million
Profit for the period was projected N44.56 million.
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The National Insurance Commission (NAICOM), has approved the appointment of Mr Ebunolu Oludele Ayeni as the Managing Director/Chief Executive Officer of International Energy Insurance Plc, with effect from July 23, 2021.
This is according to a statement signed by the Head of Legal and Compliance Services in the Company, Reginald Reuben, made available on the website of the Nigerian Exchange Limited (NGX).
Excerpts from the recent notice read thus: ‘ ’International Energy Insurance Plc (Company) wishes to notify Nigerian Exchange Limited, the Company’s shareholders and the investing public that the National Insurance Commission (NAICOM) has approved the appointment of Mr Ebunolu Oludele Ayeni as the Managing Director/Chief Executive Officer (MD/CEO) of International Energy Insurance Plc with effect from July 23, 2021.’’
About Mr Ebunolu Ayeni
Ebunolu Oludele Ayeni is an accomplished chartered insurer, risk analyst, administrator and management consultant with over three decades of experience. Prior to joining International Energy Insurance Plc, Ayeni gained valuable experiences from a host of insurance companies, including but not limited to; NEM Insurance Plc, Lion of Africa Insurance Plc and Oasis Insurance Plc, among others. He also worked in the academia, serving as the Director of Examinations & Records at the Chartered Insurance Institute of Nigeria (CIIN) between 2013 to 2018, and the University of Nigeria (UNN), Lagos outreach where he lectured on a part-time basis, among others.Ayeni holds a B.sc in Insurance from the University of Lagos, MBA in Marketing from Ladoke Akintola University and an M.sc in Strategic Management from Enugu State University. He is also a fellow of the Chartered Insurance Institute of Nigeria (CIIN), Institute of Loan and Risk Management Nigeria and an Associate member of the Nigerian Council of Registered Brokers. What you should know : On the 26th of January, 2021, Nairametrics had earlier reported the appointment of Ebunolu Oludele Ayeni as the Acting Managing Director/Chief Executive Officer of International Energy Insurance Plc. As at the period of filing this report, International Energy Insurance is currently trading at 38 kobo per share on the floor of the Nigerian […]