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Africa Prudential Plc has reported 401 per cent increase in total assets to N88.87 billion as at June 30, 2021 compared to N17.73 billion as at financial year ended December 31, 2020. The Managing Director/Chief Executive officer, Obong Idiong in a signed statement said, “Total Assets: In the second quarter of 2021, the total assets increased 401per cent on the back of 7336 per cent surge in cash and cash equivalents as well as an 70per cent increase in trade and other receivables.” In addition, total liabilities rose by 762 per cent to N80.71billion as at June 31, 2021 from N9.36 billion as at financial year ended December 31, 2020, driven by a 829 per cent increase in customers’ deposits that accounted for about 99 per cent of the company’s liabilities.

Abiodun sanniObong idiongKikunae ikedaIsah hassan shallangwaAfrica prudential plcUniversity of ibadanNigerian exchange limitedDepartment of microbiologyEuropean commission scientific committee for foodChief executiveGross earningsAfrica prudentialInterest incomeEuropean commissionScientific committeeAjinomoto umami seasoning