Mutual Benefits Assurance
Transactions in the shares of Sovereign Trust Insurance, Mutual Benefits Assurance, and Transnational Corporation of Nigeria Plc dominated in volume terms
Mutual Benefits Assurance Plc said it achieved a gross premium of N19.98 billion, a seven per cent increase from N18.69 billion recorded in 2019.
Following price gains recorded by most bluechip stocks, transactions on the Nigerian Stock Exchange (NSE) reopened in an upbeat yesterday as the All-share index increased by 0.33 per cent.
Following renewed buying interest in the shares of Dangote Cement and six others, the stock market reversed eight days losing streak to close upbeat, as the All-Share Index (ASI) increased by 0.78 per cent.
10 Nov 2020
• As outcome of U.S. presidential election excite participants Following investors’ continued interest in some high capital (high cap) stocks, especially Dangote Cement and MTN Nigeria Communications (MTNN), transactions on the equities sector of the Nigerian Stock Exchange (NSE) closed upbeat, with market capitalisation gaining N641 billion. The Nigerian equities market yesterday took off on…
10 Sep 2020
Profit-taking continued to take a toll on the equities sector of the Nigerian Stock Exchange (NSE), extending negative sentiment to three consecutive trading days, causing market capitalisation to slide further by N38 billion. Yesterday, the All-Share Index (ASI) decreased by 72.41 absolute points, or 0.28 per cent to close at 25,424.91 points. Similarly,…
8 Jul 2020
Following bargain-hunting in most blue-chip stocks, the Nigerian equities market halted three days losing streak to close in an upbeat yesterday, causing the All-Share Index
6 Jan 2020
The low insurance penetration in the Nigerian market has been a major challenge to underwriting companies, particularly in this period of recapitalisation exercise with June 2020 deadline.
8 Jul 2019
Mutual Benefits Assurance Plc in its audited financial statement for the year ended December 31, 2018, recorded a net underwriting income of N13.9 billion...
28 Jan 2019
Mutual Benefits Assurance has renewed commitment to its vision of becoming the profitable and notable underwriting institution in the nation’s insurance industry, despite market challenges in the course of the year. The Chairman of the company, Dr. Akin Ogunbiyi, who disclosed this at the company’s 23rd yearly thanksgiving service in Lagos, said “our clear vision…
24 Sep 2018
Mutual Benefits Assurance Plc has received approval for an extension of the offer period of its rights issue by the Security Exchange Commission (SEC). The company, in a statement, said the acceptance list for the rights issue, which opened on August 6, was earlier planned to close on September 14, but had been extended to September…