Close Menu
    Trending
    Subscribe
    Saturday, June 13

    NEM Insurance Hits 52-Week on Rising Investors Confidence

    Julius AlagbeBy Updated: Analysis No Comments2 Mins Read
    NEM Insurance Hits 52-Week on Rising Investors Confidence
    NEM Insurance

    NEM Insurance Hits 52-Week on Rising Investors Confidence

    NEM Insurance Plc reached its highest market value in 52 weeks in the equities market as investor sentiment improved ahead of the half-year 2025 earnings release. The company’s market value surged by 22.22% week on week, reflecting investors improved sentiment and positioning ahead of the second quarter of 2025 earnings release.

    Trading data from the Nigerian Exchange indicated that the insurer’s share price climbed to N22 in the stock market on Friday as 2.272 million units valued at N48.570 million were transacted among stockholders.

    NEM Insurance’s share price opened the week at N18, and it moved higher three times to close the week at N22, gaining 22.22%. The company’s price appreciation boosted its market value to N110.362 billion, spread over its 5.016 billion shares outstanding in the market.

    NEM Insurance is the second most valuable brand in the stock market by valuation. According to the insurer’s earnings forecast, the company forecasted profit for the first half of 2025 to reach N14.042 billion.

    Insurance revenue for the half year 2025 is projected to reach N65.614 billion, its earnings forecast report filed with the Nigerian Exchange revealed. NEM Insurance forecasted its total assets to reach N120.464 billion in the first half of 2025, funded by an estimated N69.214 billion in total equity. Foreign Inflow Spikes to $8bn in First Half of 2025—Report

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    Add A Comment

    Comments are closed.

    News

    Company

    Services

    © 2026 Dmarketforces Africa. Designed by Dwallnet.