Law Union, WAPIC Losses Drag Insurance Index Down by 0.8%

 

A report by Afrinvest Research says sustained losses yesterday by Law Union & Rock Insurance Plc

(-9.6%) and WAPIC Insurance Plc (-9.1%) dragged the Insurance Index lower by 0.8% at the Nigerian Stock Exchange (NSE).

Consequently, both Law Union and WAPIC led the bearish run at the market.

Afrinvest says it expects the bearish sentiment at the stock market to persist in the near term.

Hot this week

Stanbic IBTC Reinforces Capital Markets Leadership Through Dangote Refinery IPO

Stanbic IBTC Holdings Plc has reinforced its position as...

CBN Bags NES Distinguished Organisation Award for Economic Reforms

The Central Bank of Nigeria (CBN) has received the...

Leadway Assurance Backs ISSP Initiative to Deepen Insurance Penetration, Consumer Trust

Leadway Assurance, Nigeria’s leading insurance services provider and a...

RMB Nigeria Advises on BOI’s N274.18bn Domestic Bond Issuance

L-R: Head, Debts Capital Markets, RMB Nigeria, Laju Atake;...

LG Electronics Highlights Seven Home Appliances at IFA 2026

As routines and lifestyles evolve across Europe, consumers are...

Topics

NEXIM, World Bank Collaborate to Develop Nigeria’s Mining Sector

…The clear intention of The World Bank to collaborate with the NEXIM Bank towards a structured intervention in the Nigeria’s solid minerals sector is quite expedient. More so, with commitment and firm resolve of President Muhammad Buhari to diversify the economy, revitalize the mining sector towards boosting job creation and enhancing foreign exchange earnings - Orya The Managing Director of the Nigerian Export-Import Bank (NEXIM Bank), Mr. Roberts Ungwaga Orya, received a team from the World Bank led by Dr. Francisco Igualada, Senior Mining Specialist, Energy & Extractives Unit, and Mr. Linus Adie Utsu of Mining Investments Consultthat visited the Bank to share ideas on how to provide structured intervention towards revamping and deepening Nigeria’s mining sector.

Sovereign Trust Insurance Earn TEXEM’s Recognition Award

L-R: Segun Bankole, DGM/Head, Corporate Communications & Investor Relations,...

PenCom: No Breach in Leadway Pensure Investment in FBN

CLARIFICATION ON ALLEGED BREACH OF THE REGULATIONS ON INVESTMENT...

GT Bank Appoints Osaretin Demuren as New Chairman

Guaranty Trust Bank Plc has announced the appointment of Mrs. Osaretin Afusat Demuren as the New and 6th Chairman of its Board of Directors, at the 25th Annual General Meeting of the Bank which held on Tuesday March 31st, 2015 at Oriental Hotel, Lekki-Epe expressway, Lekki, Lagos. Demuren was presented to Shareholders as a replacement for the outgoing Chairman, Mr. Egbert Imomoh, who is retiring from the Board in compliance with the Bank’s Code of Corporate Governance, which stipulates a retirement age of 70 years for Non-Executive Directors of the Bank.

10 Years in Media Monitoring and Intelligence Profession: Lessons Learned

  As a media monitoring and intelligence professional, I have...

Winners Emerge in NCDMB National Essay Competition

Winners of the 7th Nigerian Content Annual National Undergraduate...

STACO Board Leads Company Change Process

The Board of Directors of STACO has assured the...

Linkage Assurance Continues to Meet Claims Obligations amidst Covid-19 Lockdown

  Daniel Braie Managing Director/CEO Linkage Assurance Plc Underwriting firm, Linkage Assurance Plc...