*As NGX receives more Q2 forecast
BERGER Paint Plc on Friday notified the Nigerian Exchange and its stakeholders and by extension, the public, that Mr. Victor Olusegun Adeniji, an Independent Non-Executive Director of Berger Paints Nigeria Plc, has resigned from the Board effective March 9, 2022, due to personal reasons.
The notice signed by Mr Ayokunle Ayoko the Company Secretary and Legal Adviser said the Board remains appreciative of his contribution to the Company for the entire duration of his tenure, and wishes him continued success in his future endeavors.
This information according to the company secretary is being disclosed in line with Rule 17.3 and 17.5 of Chapter 17 (Information Disclosure) of Part C, of the Nigerian Rule Book 2015.
Meanwhile, Cornerstone Insurance Plc which made the top five gainers in the market presented its quarter two forecast with a gross premium income of N7.845 billion as a group and N6.090 billion as a company.
The profit after tax is expected to hit N1.107 billion for the group while for the company it is anticipated to hit N900.367 million.
The two others with their company forecast were NEM Insurance and Recency Alliance Insurance with gross premium written at N18.560 billion, gross premium earned at N17.646 billion, profit after tax of N3.434 billion and payable dividend of N768 million.
Regency Alliance on the other hand projected a gross premium of N3.220 billion and profit after tax of N570.521 million.
