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16 insurance firms pay N67 12bn claims in six months

Adepeju Adenuga Published 7 August 2021The total claims paid by sixteen insurance companies in the country rose by 36.48 per cent in the first half of this year from N49.18bn in the same period of 2020.An analysis of data collated by our correspondent from the companies’ unaudited financial statements showed that they paid policyholders N67.12bn in claims in H1 2021.The PUNCH had reported in July that the Commissioner for Insurance, Mr Sunday.

Stock Market Value Dips below N20trn on Profit-taking

Goddy Egene The value of the Nigerian equities declined below the N20 trillion mark last week to N19.627 trillion, following sustained profit taking in bellwether counters. The market, which had declined by 1.30 per cent the previous week, posted another depreciation last week with the Nigerian Exchange (NGX) Limited All-Share Index falling by 2.56 per cent to close at 37,658.26, while market capitalisation shed N516 billion to close at N19.627 trillion. The bears dictated proceedings in the local bourse in four of the five days while sell-offs in Airtel Africa Plc, Dangote Cement Plc, BUA Cement Plc and MTN Nigeria Plc pushed the market capitalisation below N20 trillion for the first time this year.

Stock investors lose N360bn, market cap falls below N20tn

Stock investors lose N360bn, market cap falls below N20tn
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