Sunu Assurances Tops Performers, Gains 23%
Sunu Assurances Nigeria Plc topped performers on the Nigerian Exchange (NGX) as investors sentiment improved. The Assurances company bucked trend in the equities market, gained more than 23% week on week.
According to data from the domestic bourse, Sunu Assurances price increased by 23.4% to...
NAICOM Issues Operational Licence to NPF Insurance Company
The National Insurance Commission (NAICOM), has issued operational licence to Nigeria Police Force Insurance Company Limited.
A notice by NAICOM in Abuja on Friday, said the issuance of the licence would enable NPF insurance to commence general insurance operations in the country.
The Commission...
GCR Affirms Tangerine General Insurance Financial Strength Rating of A-(NG)
GCR Ratings has affirmed Tangerine General Insurance Limited’s national scale financial strength rating of A-(NG), with a stable outlook.
In its latest rating note, GCR said Tangerine General Insurance Limited and its subsidiary, Total Health Trust Limited (THT), collectively referred to...
AIICO Pays N52.6bn Annuity in 5 yrs
AIICO Insurance Plc has paid a total of N52.6 billion to its annuity customers in the last five years.
Mr Joseph Ogedengbe, Annuity Product Manager, AIICO, revealed this at a one-day training programme on Wednesday in Lagos.
He said that the amount was paid between...
Awele Elumelu Calls for Increased Female Leadership in the Insurance Sector.
At the recently concluded International Conference for Women in Insurance, Dr. Awele V. Elumelu, OFR, Chairperson, Heirs Insurance Brokers (a member of Heirs Insurance Group), and Chairperson Avon HMO, joined other female business leaders in the call for gender...
Royal Exchange: Selloffs Reduce Valuation by 47% in 4-Month
Royal Exchange Plc has lost 47.2% of its market valuation in 2023, leading the Afrinvest top underperforming stocks record for April, 2023.
In its rating record, Afrinvest revealed that the Insurance policy seller lost 28.2% of its market capitalisation in April alone.
Its...
