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Sovereign Trust to Hold AGM

Sovereign Trust Insurance Plc has disclosed that following approval given to its 2020 annual report and account by the National Insurance Commission (NAICOM) and the NGX Regulation Limited, it has scheduled to hold its Annual General Meeting Thursday, May 27,2021, in Lagos. Sovereign Trust Insurance spokesperson and Brands and Communications Manager, Mr. Segun Bankole, however said in line with the federal government and Lagos State directives on restriction of gatherings of large number in curbing the spread of the COVID-19 pandemic, majority of the shareholders would participate at this year’s meeting online via link on the company’s website, with the exception of the approved Proxies of the shareholders.

Investors Stake N16bn on 1 4 Billion Shares

Goddy Egene The Nigerian equities market attracted investment inflow of N15.918 billion last week staked on 1.419 billion shares in 18,459 deals. This indicated an increase by 46.3 per cent from the N10.883 billion invested in 1.441 billion shares in 19,614 deals the previous week. However, the Nigerian Stock Exchange Limited (NGX) All-Share Index (ASI) depreciated by 1.6 per cent to close at 39,198.75, while market capitalisation declined to N20.431 trillion. Market analysts attributed the depreciation to profit taking in bellwether stocks following some gains recorded in the month April. Some of the stocks that suffered profit taking included Stanbic IBTC Holdings Plc, MTN Nigeria Plc and Dangote Cement Plc.

Sovereign Trust commits to insurance industry development

Sovereign Trust commits to insurance industry development
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