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Daily Business News Brief – June 21st, 2023

21
Jun

Stock Market Sustains Positive Trend, Up by N52bn – Thisday
Extending gains for the second consecutive day trading session, the stock market of the Nigerian Exchange Limited (NGX) yesterday closed higher as the overall capitalisation gained N52 billion due to bargain-hunting activities in Seplat Energy Plc and 49 others.
The NGX All Share Index (ASI) rose by 95.17 basis points or 0.16 per cent to close at 59,110.02 basis points.
Consequently, the year-to-date (YTD) return rose to 15.33per cent while the market capitalization gained N51.82billion to close at N32.19trillion………….. ….. …….,…. ……… .. .. ….. .. ….. …….. …………….……..Read More

Cornerstone Insurance partner brokers to increase profitability, says GM – Guardiant
The General Manager of Cornerstone Insurance Plc, Charles Nwachukwu, said the company is currently partnering with insurance brokers to meet this year’s N30 billion profits target after it closed with N24 billion profit last year.
Nwachukwu stated this at ‘2023 Brokers Engagement Forum’ where he engaged scores of thrilled insurance brokers in Warri, Delta state. He expressed optimism that the company would meet the target, “as we are now pushing to Warri to do business.”.. .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

AXA Mansard Invests N18.2bn to Boost Health Insurance – Thisday
AXA Mansard Health has said that it invested N18.2 billion in the newly established AXA OneHealth Medical Centre in a bid to improve on the level of health insurance acceptance in Nigeria.
The health insurance firm said it would continue to deliver quality and affordable healthcare to Nigerians and the growth of its service providers across the healthcare value chain in the country. 
This was disclosed at the commissioning of the OneHealth Medical Centre established by the firm in Lagos……… .. . … .. ….. …. .. .. .,……. .. …… . ….. . … …………….……..Read More

Stanbic IBTC appoints new non-executive director – Punch
Stanbic IBTC Holdings PLC has announced the appointment of Mr Yinka Sanni as a Non-Executive Director.
This was disclosed in a statement issued on June 15, 2023, by the group’s Company Secretary, Chidi Okezie.
According to the Holdco, Sanni is the current Chief Executive of Africa Regions at the Standard Bank Group, a role he assumed in 2021, having previously served as the Regional Chief Executive for West Africa. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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