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AIICO INSURANCE - NEWS
Seplat Energy Plc experienced a significant decline on the Nigerian Exchange (NGX) today, with its share price falling by 8.30% to close at N3,480. This drop also resulted in a market capitalization decrease of N185.16 billion.
The All-Share Index (ASI) of the Nigerian Exchange has crossed the 100,000 mark for the first time since April 16, 2024.
Transcorp Hotel has rejoined the N1 trillion market capitalization club, also known as the SWOOTs.
Nigerian Breweries Plc (NB) was the best-performing stock in the NGX today, gaining 10%, marking a N29.9 billion equity gain. The stock closed at N31.90 from an opening price of N29.00.
The Nigerian Exchange started June on a bearish tone, as investors’ sentiments were quite cautionary considering the nationwide strike.
Leading insurance companies in Nigeria paid N141.761 billion in claims in the financial year of 2023, compared to N120.563 billion in 2022, representing a growth of 17.58%.
Health insurance is vital for financial security in healthcare, crucial for universal coverage. Despite operating ssince 1999 in Nigeria, uptake remains below 5%, with oversight by the NHIA. HMOs resiliently offer affordable packages, yet challenges persist. Dedicated CEOs drive sector advancement, aiming for a brighter future.
The NGX market capitalization witnessed a significant increase, soaring by an impressive N1.85 trillion to settle at N55.89 trillion, by the end of the first trading day of the week.
The Group Managing Director of Norrenberger, Mr. Tony Edeh has disclosed that the firm has a five-year plan to reposition International Energy Insurance (IEI) Plc, Nigeria’s first energy-focused insurer, into an industry leader.
NGX has recorded its slowest growth rate over the past week, as the All-Share Index appreciated by 0.57% to close at 102,149.93 points, an increase of 578.82 from yesterday’s 101,571.11 points.
The NGX’s bullish run continued today, as the ASI appreciated by 2.38% to close at 90,063.25 points, up by 2,092.88.
NGX the All-Share Index appreciated by 3.93%, gaining 3,330.21 points to close at an all-time high of 87,971.10 points.