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By Goddy Egene
The stock market surged further yesterday with the Nigerian Stock Exchange (NSE) rising 1.21 per cent to close at 41,584.94 as companies begin to release their unaudited financial results for the year ended December 2020.
Apart from the benchmark index that appreciated, market capitalisation added N259.4 billion to close at N21.8 trillion. Similarly, activity level advanced as volume and value traded rose 40.5 per cent and 110.8 per cent to 467.9 million shares and N5.6 billion respectively.
The bulls were in total control of the session yesterday as 32 stocks appreciated, while 19 depreciated. Although gains by Airtel Africa Plc, MTN Nigeria Plc and Lafarge Africa Plc influenced the rise in the NSE ASI, RT Briscoe Nigeria Plc led the price gainers’ table with 10 per cent.
Vanguard News
African Alliance settles N1.3bn claims in two months
On
By Rosemary Onuoha
African Alliance Insurance Plc said it has settled claims of N1.3 billion in two months from October till date.
Managing Director/Chief Executive Officer of African Alliance, Mrs. Joyce Ojemudia, disclosed this during a press interaction at the company’s office in Lagos, adding that the only way to make insurance products tangible is for underwriting firms to pay genuine claims promptly.
Giving a breakdown of its claims payment history from October till date, he said the company paid N220.5 million as claims for group life insurance; N1.03 billion for individual life including annuity, N2.3 million for Esusu, and N73.7 million paid as takaful claims.