Stock: Investors Lose N113bn As #EndSARS Crisis Deepens
The Nigerian bourse on Wednesday closed lower to reverse the previous day’s gain as bears regained their grip following fear of insecurity arising from #EndSARS protest that degenerated into mayhem across the country.
Hoodlums had set some key...
Recapitalisation: Wapic Insurance Wants N5.9bn Capital Raise
Wapic Insurance Plc has revealed its plans to raise N5.9bn through a rights issue.
This comes after the recent increase in the minimum share capital of insurers by the National Insurance Commission.
On May 20, NAICOM issued a circular on...
THE Chairman of Wapic Insurance Plc, Mr. AigbojeAig-Imoukhuede, has called for increase in the capital base of insurance companies in the country to N100 billion. Aig-Imoukhuede, who called for the increment at the KPMG Insurance Conference 2017 held in Lagos, said the current capital...
The equities market closed yesterday on a negative note, as the Nigerian Stock Exchange (NSE) All Share Index (ASI) and market capitalisation depreciated by 0.70 per cent each. At the close of business, there were 10 gainers and 22 losers, which drove the ASI...
