Banking Business Politics

Equities market indices increase by N142bn in one day

Ihesiulo Grace 13 September 2019 0

Motolani Oseni Again, the equities market of the Nigerian Stock Exchange (NSE) on Thursday reacted positively to the outcome of the election tribunal ruling for the second consecutive day, as market capitalisation rose by N142 billion to close at N13.351 trillion against N13.209 trillion closed

Business Capital Market Capital Market News

Equities market continues bearish trend, dips N28bn

Ihesiulo Grace 10 September 2019 0

Motolani Oseni Due to persistent sell pressure, equities market of the Nigerian Stock Exchange (NSE) continued its bearish movement to lose N28billion at the close of Monday trading activities. The stock market benchmark index, NSE All Share Index (ASI) dropped by 56.73 basis points or 1.25 per cent close the week at 28,847.81 basis points […]

Business

Lasaco Assurance records N736m PAT in 2018, proposes N0.05 dividend

Ihesiulo Grace 16 July 2019 0

Motolani Oseni Lasaco Assurance Plc has recorded a profit after tax of N736 million in its annual report and financial statements for the year ended December 31, 2018. The company’s profit after tax increased by 11 per cent to N736 million in 2018, from N661 million posted in the full year of 2017 as earnings […]

Business Capital Market

NSE suspends trading in shares of Conoil, 10 other companies

Ihesiulo Grace 3 July 2019 0

Temitope Adebayo The Nigerian Stock Exchange (NSE) on Tuesday suspended trading in the shares of 11 companies over delayed filing of accounts. NSE Head, Listings Regulation Department, Godstime Iwenekhai, stated this in a statement released to the newsmen in Lagos yesterday. Mr Iwenekhai said the affected companies were: Conoil, FTN Cocoa Processors, Goldlink Insurance,

Capital Market Insurance

Pension: LASACO settles N1.063 bn legacy funds

Ihesiulo Grace 8 September 2017 0

Insurance and financial services listed company, LASACO Assurance Plc has settled a N1.063 billion Pension Legacy Funds in its custody, in compliance with the directive of the Federal Government, through the Pension Transitional Arrangement Directorate (PTAD). The company paid the sum to PTAD as a final settlement of the funds meant for pensions of 6 […]