MARKETS

The National Insurance Commission (NAICOM) has urged shareholders of insurance companies in the country to always appoint professionals and people of integrity as directors, saying most appointments done in the past, especially by shareholders of the quoted underwriting firms, show little concern for professionalism. The wrong choice of directors, according...

Following an impressive full-year financial result and accounts for 2015, investors’ interest in the share of Conoil Plc, a leading oil marketing company continues to soar as investors staked 11 billion in its shares in one-week. The share price of Conoil opened Wednesday, September 14, 2016 at N26.21 to close...

The equities market sustained the positive mood as the Nigerian Stock Exchange All-Share Index (NSE ASI) advanced marginally by 0.02 per cent to close at 28,214.57 basis points at the end of today’s trading session from 28,209.93 basis points it closed on Tuesday. The performance of the market was consequent...

Equities segment on the Nigerian Stock Exchange (NSE) reversed previous day’s losses to close on a high note today, following the Monetary Policy Committee’s (MPC) decision to maintain all rates even as investors gained N127bn. The market All-Share Index (ASI) recorded a gain of 1.33 per cent or 370 basis...

Guinness Nigeria Plc, manufacturers of brands like Guinness Foreign Extra Stout and Malta Guinness, for the financial year ended June 30, 2016 proposed a dividend of N3.20 per ordinary share. The company also announced a loss of N2 billion for the financial year under review from N7.8 billion profit recorded...

 Most Deposit Money Banks (DMBs) in the country had issues with cash to meet their immediate financial obligations last week, going by the recent report from Cowry Assets Management Limited.The assets management company, in its recent report stated that there was a recent rush by banks to the Central Bank...

Equities sector of the Nigerian Stock Exchange (NSE) resumed the week on a negative note on the heels of uncertainty of what will be the outcome of the Monetary Policy Committee (MPC) meeting that commenced today and ends tomorrow. The NSE All-Share Index (ASI) slipped marginally by 0.07 per cent...

Oando  PLC,  Nigeria’s  leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm, to acquire 49 per cent  of  the ...

Insurance companies and motorists in Ogun State are lamenting the monopoly of the third party motor insurance policy being issued to motorists in the state by the state government, which they said contravenes the National Insurance Commission (NAICOM) policy. The umbrella body of the companies alleged that the state government...

Insurance experts have called on the Federal Government to enforce compulsory insurances, while leveraging on insurance to grow the economy. The Chairman, Nigerian Insurers Association (NIA), Mr. Eddie Efekoha, while speaking at Professionals' Forum organised by the Chartered Insurance Institute of Nigeria(CIIN) in Abeokuta, Ogun State, charged government to embark...