Transactions rebounded on the Nigerian Exchange (NGX) on Friday with the market capitalisation increasing by N345 billion, after days of negative trend. The market capitalisation closed at N55.735 trillion, compared with N55.390 trillion achieved on Thursday, a growth of 0.62 per cent. The market capitalisation also shed N1.42 trillion in total for the week, having lost
Veritas Kapital Assurance Plc says it recorded 287 per cent increase in its Profit After Tax (PAT) in the fourth quarter of 2023 financial year. The Managing Director of the insurance company, Dr Adaobi Nwakuche, said this in a statement on Wednesday in Lagos. Nwakuche said that the insurer’s PAT soared from N562.7 million in
The FBN Holdings Plc has appointed Mr. Femi Otedola as its new chairman. This was as the Nigerian stock market ended the first month of the year 2024 on a