At the close of trading today, a total volume of 83.26mln units of shares of Universal Insurance Plc valued at N16.65mln were traded. This represents 16.88% of the total market volumes of 493.17mln while the value of UNIVINSURE shares traded represents 0.35% of the total market value traded which was put at N4.72bn.
Equities market closed today on a negative note, as NSEASI depreciated by -0.40% to close at 39,364.67 basis points as against -0.44% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.25%.
Yesterday, the financial policy and regulation department of the Central Bank of Nigeria (CBN), in a circular announced the extension of the regulatory forbearance on its intervention facilities to Institutions impacted by the dampening economic effect of the lingering coronavirus pandemic for an additional year.
The Aliko Dangote Foundation (ADF) has disbursed the sum of N3.924 billion to 392,490 women and youths across Kano, Jigawa, Kogi, Adamawa, Borno, Yobe, Lagos, Niger, Nasarawa, Sokoto and Katsina state as part of its microgrant programme, the company has said in a recent press release.
Nigerian Equities Market closed the month of January 2021 in the green zone as market sustained the bargain hunting witnessed during the Q4 of the year 2020. The NSEASI inched up by 5.32% as against 14.92% gain recorded in the month of December 2020 while the NASD USI closed southwards with -1.04% loss recorded at the end of the month under review as against 0.10% gain in December 2020.
With the arrival of fintechs and other innovators on the banking scene, the way we bank and carry out financial transactions is constantly changing. Some of these developments led to considerations for the creation of a seamless system that would lead to the sharing of financial data through an open banking system.