African Alliance Insurance Archives

stock, market, stock market, Nigerian Stock Exchange

Dangote Cement, Access Bank, 3 others boost market by N1billion on Thursday

Trading at the bourse ended Thursday in negative territory as the All-Share Index closed at 26,583.96 basis points, down by 0.06%.

Greenwich NSE, Dangote lauds Buhari over Economic Advisory Council Africa’s richest man and President of Dangote Industries Limited, Alhaji Aliko Dangote, has lauded the President Muhammadu Buhari over the formation of the Economic Advisory Council (EAC). Dangote commended the president for constituting a council that will advise him on the nation’s economic growth and overall development. He said the move was a proactive one capable of elevating Nigeria’s economy to greater heights. Speaking during the inauguration of the new secretariat of the Chemical and Non-Metallic Products Employers Federation, the billionaire urged the Federal Government to take advantage of the rare opportunity to strengthen the economy and put the country on the path of growth, job creation and competitiveness. https://punchng.com/dangote-hails-buharis-economic-advisory-council/ Dangote also hailed the members of the council calling them tested and respected patriots. According to him, they were independent and ever willing to put the country’s interest first and ahead of themselves. Recall that Nairametrics reported that President Muhammadu Buhari constituted an Economic Advisory Council (EAC) that was disclosed in a press release signed by the Special Adviser to the President on Media and publicity, Femi Adesina. https://nairametrics.com/2019/09/16/breaking-buhari-constitutes-new-economic-advisory-council-as-soludo-rewane-make-list/ Those who made the list are Prof Doyin Salami as the chairman, Dr Mohammed Sagagi as Vice-Chairman of the Council and Dr Mohammed Adaya Salisu as the Secretary. Other members are Prof Ode Ojowu, Dr Shehu Yahaya, Dr Iyabo Masha, Prof Chukwuma Soludo, and Mr Bismark Rewane. What you should know: The advisory council will replace the current Economic Management Team (EMT) and will be reporting directly to the President. The Economic Advisory Council will be tasked to advise the President on economic policy matters, including fiscal analysis, economic growth and a range of internal and global economic issues working with the relevant cabinet members and heads of monetary and fiscal agencies. Similarly, the team will have monthly technical sessions as well as scheduled quarterly meetings with the President. However, the Chairman may request unscheduled meetings if the need arises.

FEATURED8 months ago

Stock Market: 52.5% of firms failed to pay dividend in 2019

Eighty-seven, out of the 170 quoted companies on the Nigerian Stock Exchange failed to pay dividends to their shareholders in 2019.

Business News1 year ago

NSE lifts suspension on African Alliance Insurance

The Nigerian Stock Exchange (NSE), has lifted African Alliance Insurance’s suspension to trade its shares. The underwriting firm was suspended, following its failure to adhere to listing...

FEATURED2 years ago

Corporate Actions: A change of Guard and sins forgiven

Corporate actions are decisions taken by companies’ boards of directors or management teams.

Business News2 years ago

Alert: These stocks have been placed on full suspension for non-compliance

The Nigerian Stock Exchange (NSE) yesterday placed the shares of the following companies on full suspension. 1) African Alliance Insurance Plc 2) Cornerstone Insurance Plc 3)...

Business News2 years ago

Ambassador Mumuni has resigned from the board of African Alliance

As though continuing the trend of corporate resignations this week, African Alliance Insurance Plc has announced that one of its Non-Executive Director, Ambassador Nurain Abayomi Mumuni has...

Business News2 years ago

Again, African Alliance Fails To Release FY 2017 Result

Underwriting firm African Alliance insurance, in a notice to the Nigerian Stock Exchange (NSE) last Friday disclosed there would be a further delay in the release...

FEATURED2 years ago

These 5 stocks are trading at the lowest price ever on the NSE

The Nigerian Stock Exchange (NSE), in January this year, moved the minimum price floor from N0.50 to N0.10, and several penny stocks, mostly from the insurance...

Business News3 years ago

All the major economic news from Nigeria in 5 minutes-19/7/2017

Summary of the top business, economic and political news in Nigeria today. Corporate Affairs Commission (CAC), in Abuja on Tuesday shut down business activities at the...