Nigeria September Inflation Rate at Over 2-1/2-Year High. READ: Cornerstone Insurance to issue bonus shares in view of recapitalisation. READ: #EndSARS protests dampen market liquidity at Nigerian Stock Market. Buying pressure continues to fuel stock appreciation in the Nigerian Stock Exchange despite the economic uncertainties expected to hurt the Exchange outlook and drag on the nation’s productivity. Provider of financial market data, news, analysis and research with a focus on Africa. Nigeria Services Sector Shrinks for 7th Month, Nigeria Factory Activity Shrinks for 6th Month, Nigeria September Inflation Rate at Over 2-1/2-Year High, Nigeria Private Activity Growth Slows in September, Nigeria Unexpectedly Cuts Key Interest Rate to 11.5%, Nigeria Posts Widest Trade Gap in 8 Months, Nigeria GDP Contracts the Most since 2004, Fitch Revises Nigeria Credit Outlook to Negative, Brazilian Real Hovers at Over 5-Month Lows, US 7-Day Average Covid-19 Cases Hit Record for 4th Day, US Pending Home Sales Annual Growth Remains Strong, Tajikistan Holds Key Interest Rate at 10.75%, Macedonia Industrial Output Shrinks for 7th Month, Germany Consumer Prices Drop for 2nd Month. The Governor said the state will address the issues to improve the morale of the officers after their stations were burnt down. Your email address will not be published. READ: Tribal clash: Sanwo-Olu visits Fagba, calls for peaceful co-existence. Naira Improves Against Global Counterparts on Black Market, Buhari Budgets N420 Billion for Npower, Other Social Investment Programmes in 2021 Budget, #Endsars: Naira Marley Calls Off Protest following Police Invitation, Npower News: Beware of Fake Npower Employment, Ministry Warns Exited Beneficiaries, Interview with Paul Mak, CEO of Bonded.Finance, Donald Trump, Wife Test Positive for COVID-19, Banks to Introduce New Digit and Expiry Dates on Cheque Books, Berkshire Hathaway’s Top 3 Stocks Report up to 77% Gains YTD, COPYRIGHT 2020 | INVESTORS KING LTD | NIGERIA. Investors traded a total share of 385.599 million worth N2.914 billion in 5,283 transactions during the trading hours Tuesday. There is no doubt that the amount of damages is quite huge but the industry has the capacity to absorb the financial shock that could arise from the legitimate resultant claims connected with the hijacked #EndSARS crisis, as the frontline insurance companies are reasonably capitalized with excellent claims settlement histories. A time of unforeseen circumstances causing huge damages to insured objects is a time to gauge the preparedness and evaluate the financial capacities of the insurers in managing the risk events vis-à-vis indemnifying for losses suffered by their clients. 1996-2020 Data | 2021-2022 Forecast | Quote | Chart. Market Capitalization (or Market Cap) is the total number of outstanding shares times the value of each share. Recall Nairametrics reported last week that a police station in the Orile-Iganmu area was set on fire by suspected thugs in Lagos, amid other vandalized police stations across the state. Conoil trailed with N1.55 or 9.81 percent to N17.35 a share. The NSE All-Share Index also declined by 0.75% from 28,665.82 points to 28,449.49 points. It has a capital base in excess of N45 billion, according to its 2019 financial statements and a gross premium was about N89billion. According to the President of LCCI, Mrs. Toki Mabogunje, her group was concerned about the negative impact of the development on business activities and said, “These actions have been at great cost to the economy and the welfare of Nigerian citizens. As at close of trading on Wednesday, the NSE Market Capitalization shed N113 billion from N14.983 trillion to N14.870 trillion. This was followed by Access Bank’s 50.721 million shares estimated at N391.235 million. As the dust from the #EndSARS protests settles down, it is a time of reckoning for insurance companies in Nigeria. About N1.7billion was settled as claims within the period. Nairametrics recently profiled and reviewed the capital base of some frontline insurance companies in Nigeria and are persuaded to believe that they have the capacity to withstand the vagaries of the emerging losses and still stand strong, considering their excellent past claims settlement history to date.

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