The five insurance companies coincidentally are the only insurance companies that recorded positive growth.
AIICO Insurance has announced the declaration of additional bonus shares for shareholders of the Company.
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The latest figures indicate an increaseof 17% from N4.5 billion posted in the corresponding period last year.
AIICO Insurance has continuously demonstrated its resilience and capacity to stand the test of time.
AIICO's shareholders had earlier voted in favour of a plan to raise additional capital through rights issue.
The stock market witnessed bearish trade performance for the third consecutive session this week, as it lost N9.14 billion.
The board of directors of AIICO Insurance Plc is set to meet on February 20th to review and approve the company’s FY 2019 audited financial statement.
The stock market traded in positive territory yesterday after a series of bearish trades in recent weeks, as the equity market capitalisation rose by N52 billion.
LASACO Assurance, AIICO Insurance, Flour Mill, Oando and Sterling Bank were the best-performing stocks on Wednesday as they recorded positive growth.