28

Jul

NEM Insurance boosts half year profit by 25.73% to N2.53bn

NEM Insurance on Wednesday published its half year report for the period ended 30 June 2022. The underwriting firm achieved growth in its top line and bottom line figures, year on year. Gross Premium Written of N20.248 billion was reported for the 6 months period, up by 25.87% from N16.087 billion reported the previous year. Profit after […]

28

Jul

Market extends downtrend, sheds N137bn

The equity market on Wednesday closed on a bearish note as downtrends extends to seven straight sessions amidst profit taken. The All Share Index dropped by 0.50% to settle at 50,188.55 points from the previous close of 50,442.37 points. The Market Capitalisation declined by 0.50% to close at N27.065 trillion from the previous close of N27.202 trillion,[…]