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Top News In வெரிடாஸ் க்யாபிடல் உறுதி ப்ல் Today - Breaking & Trending Today

Muhammad Magoro: Soldier, administrator & elder statesman @80 - By: . .

May 7, 2021 may have come and gone, but it’s going to be a red letter day in the lives of thousands. Major General (Senator) Muhammad Magoro (Rtd) turned 80 on this day. He is a soldier turned administrator, business tycoon, politician and an elder statesman who has impacted and continues impacting greatly on the lives of thousands of people. To him, and particularly those who have benefited from his large heart including this author, 80 is not ‘just a number’, but a PIN to the service of his fatherland. His 80th birthday is therefore a profound anniversary to reflect his humble beginning and how he propelled into prominence by a sequence of unpredictable events, or providence. ....

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VERITAS KAPITAL ASSURANCE launches An Innovative WhatsApp Platform to Purchase Insurance Policies in 5 Minutes

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Veritas Kapital Assurance Plc (VKA), one of Nigeria’s leading insurance companies, is set to make a major difference in the way people buy insurance policies in Nigeria by introducing an Interactive WhatsApp Platform
.
This WhatsApp channel is the fastest and most secure way to buy an insurance policy on the go. In a bid to further the company’s mission of putting insurance at the fingertips of everyday Nigerians, Veritas Kapital Assurance is determined to continuously innovate to the benefit of customers. This Interactive WhatsApp Platform will change the way that everyday Nigerians can purchase insurance for ....

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Stock market begins March with N70bn gain

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’Femi Asu
The nation’s stock market started the month on a positive note on the back of price appreciation recorded by UAC of Nigeria Plc and 11 other firms on Monday.
Investors in the market had recorded a total loss of N1.37tn in February as market capitalisation tumbled below N21tn amid profit-taking.
The Nigerian Stock Exchange All-Share Index closed at 39,799.89 basis points in February from 42,412.66bps at the end of January, while the market capitalisation of equities tumbled to N20.82tn from N22.19tn.
The ASI, however, rose by 0.33 per cent to close at 39,931.63 basis points on Monday, the first trading day in March, while the market capitalisation increased by N70bn to N20.89tn. ....

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All-Share Index Rises 1.21% as Equities Market Surges Further

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. ....

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Stocks as Hedge against Inflation

Goddy Egene writes that given the gains being recorded in the equities market, discerning investors could invest in stocks to hedge against the rising inflation rate the hit 15.8 per cent in December 2020
Last week the National Bureau Statistics (NBS) released the consumer price index report, which showed that the headline inflation rose to 15.8 per cent in December 2020. The inflation rate, which was an increase from the 14.9 per cent recorded in November, 2020, was said to be the highest level of headline inflation since December 2017, and the largest increase (98bps) since January 2012.
This rising inflation is a great concern for all stakeholders- consumers, manufacturers and investors among others. For instance, for investors to enjoy positive returns on their investments, that returns must be above the headline inflation of 15.8 per cent. And considering the prevailing economic conditions, it is difficult to come across such investments that will deliver returns abov ....

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