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16 insurance firms pay N67.12bn claims in six months

Prestige Assurance records N7.01bn gross written premium |

Prestige Assurance Plc’s gross written premium rose to N7.01bn in the 2020 financial year from N6.13bn achieved in 2019. The Managing Director, Prestige Assurance, Sarbeswar Sahoo, disclosed this during the company’s annual general meeting in Lagos. He said despite the economic challenges in the country, the ....

Sarbeswar Sahoo , Prestige Assurance Plc , Managing Director , Prestige Assurance , சர்பேஸ்வர் சாஹூ , ப்ரெஸ்டீஜ் உறுதி ப்ல் , நிர்வகித்தல் இயக்குனர் , ப்ரெஸ்டீஜ் உறுதி ,

Entry Opportunity for Investors as Equities Decline Further


Goddy Egene
Equities investors have an opportunity to enter the market at good valuation as bears depressed prices further last week.
The market, which had gained N148 billion the previous week, shed N603 billion last week following sell pressure that dominated all trading sessions.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) fell 2.93 per cent to close at 38,324.07, while market closed lower at N19.975 trillion. Year-to-date the market has declined by 4.8 per cent.
Following the growth recorded two weeks ago, analysts at Cordros Securities had envisaged profit-taking last week. A development that led to the decline in prices of 41 stocks, compared to only 26 stocks that appreciated. And analysts said the lower prices offer investors a good opportunity to enter the market. ....

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