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NICO CELEBRATES 40TH ANNIVERSARY NICO Holdings Limited, formerly National Insurance Company, on the evening of 14 September 2011 held a glamorous reception in Blantyre to celebrate its 40th anniversary since incorporation in 1971. ____________________________________________________________________________ NICO HOLDINGS LIMITED CLOCKS 40 As the saying goes, even the longest journey starts with a single step. So it is with NICO Holdings Limited (NHL) - a Malawian company commemorating 40 years of existence since its incorporation in January 1970 ____________________________________________________________________________
Price is not the only factor when choosing the right company. Of course, it is important how much you spend on premiums, but there are other factors you should consider when choosing the right insurance company. ____________________________________________________________________________ BUSINESS INSURANCE : HOW TO CHOOSE THE RIGHT COVERAGE Owning adequate business insurance is essential to any type of enterprise. The proper insurance coverage will protect private and company assets in the event that any legal action is taken against the business. In order to select the right type of business insurance, it is first necessary to determine the actual coverage needs of the enterprise. There are several different types of insurance policies that business owners should be aware of when shopping for coverage. ____________________________________________________________________________ NICO'S TOTAL DIVIDEND HIT K1BN Listed NICO Holdings Limited says its total dividend for the year ended December 31,2010 has hit K1 .095 billion. The development comes after the group of companies resolved to declare a final dividend of K166.9 million. ____________________________________________________________________________
NICO SET TO 'GO AN EXTRA' MILE, BREAK NEW GROUND NICO Holdings Limited is celebrating its 40th anniversary since it came into being in Malawi. Nation Newspaper reporter, Chikondi Chiyembekeza caught up with NICO Holdings director Felix Mlusu to find out his impression on this anniversary and other issues. ____________________________________________________________________________ MEET SHABANA, ONE OF NICO'S SERVING EMPLOYEES At age 23 on October 4 1978, Max Shabana joined NICO Insurance Company Limited as a clerk in the motor underwriting department of the General Insurance division. He has fond memories of how they used to operate in those old days. ____________________________________________________________________________ NICO HOLDINGS 40 YEARS ON Even the longest journey, it is said, starts with a single step. Nico Holdings Limited (NHL), a company commemorating 40 years of existence in the country embarked on its journey with a single step, too. ____________________________________________________________________________ NICO HOLDINGS SETS UP SOCIAL RESPONSIBILTY FOUNDATION As one way of giving back to the public for the support it fenders to the company, Nico Holdings Limited has established a social responsibility foundation whose proceeds will go to various areas deserving financial assistance in the country. ____________________________________________________________________________ NICO PROFITS UP 23% NICO Holdings Limited has recorded a 23 percent profit after tax for the year 2010 - becoming one of the few financial sector companies on the local market to register an increase in profit from the previous year. ____________________________________________________________________________ NICO CLOCKS 40, EYES MORE AFRICAN COUNTRIES Malawi Stock Exchange (MSE) listed financial services group Nico Holdings Limited is this year celebrating 40 years of doing business in Malawi with promises to expand into one of the largest financial services companies outside South Africa. ____________________________________________________________________________ NICO HOLDINGS FORECASTS 38% PROFIT JUMP NICO Holdings Limited, the Malawi Stock Exchange (MSE)-listed financial services group, has predicted that its after-tax profit for the year ended December 31 2010 will be 38 percent above the preceding period. The company said in a published statement that the results will reflect the strong performance registered in the group’s core business and the positive immediate financial impact of the 49 percent shareholding in NICO Life Insurance to be acquired by Sanlam Development Markets Limited of South Africa. ____________________________________________________________________________ NICO HOLDINGS SHARE PRICE UP Malawi Stock Exchange (MSE) says the market's main indicator, the Malawi All Share Index (Masi) jumped by 11.22 points due to share price increase in NICO. A weekly trading commentary from MSE says the Masi moved from 4932,70 points to 4943.92 points due to an increase in Domestic Share Index by 8.96 points from 3909.07 points to 3918.03 points. ____________________________________________________________________________ NIHILENT BUYS STAKE IN NICO TECHNOLOGIES
____________________________________________________________________________ NICO HOLDINGS PRESENTS CHEQUE TO ABJ
Malawi’s financial services giant, NICO Holdings Limited, says the country needs skilled business journalists who can effectively analyse issues and communicate to the people to enable them make informed decisions to grow businesses and the economy as a whole. NICO corporate affairs manager Linda Phoya was speaking in Blantyre when the company presented a K432 500 (about $2 800) cheque to the Association of Business Journalists (Malawi) to help it finance an Advanced Financial Reporting Training Workshop. >> Read more ___________________________________________________________________________ NICO SHARES UP NICO Holdings Limited shares last week gained 25 tambala to trade at K8.25 at the Malawi Stock Exchange. Market analyst Godfrey Jowah noted in his weekly 'At the market column, published in The Business Times that high volumes of sales in June this year could signal a new trend of trading. ____________________________________________________________________________ NICO HOLDINGS PROFIT UP 15.2% DESPITE CREDIT CHALLENGES NICO Holdings Limited, the Malawi Stock Exchange (MSE) listed financial services group, has reported a 15.2 percent profit jump for the year ended December 31, 2009 to K2.3 billion from K2 billion in 2008 on the back of credit management challenges. |
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STAR MEDIA MALAWI