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GUINEA INSURANCE
The Nigerian All-Share Index closed lower on Monday, June 16, 2025, slipping by 170.77 points to settle at 115,258.77.
This week started on a bearish note in the NGX as the market posted a 0.89% decline to close with an All-Share Index of 98,703.68 points, marking a 883.57-point decline from last Friday’s 99,587.25 points.
The Board of Directors of Guinea Insurance is looking to raise additional capital for the firm.
Aso Savings and Loans and 17 others have made the Nigerian Stock Exchange’s Caveat list, as they appear to be distressed.
NAICOM has been restrained by an Abuja Federal High Court order, preventing the commission from intervening in the underwriting of new businesses by Guinea Insurance Plc.
Two weeks after the National Insurance Commission (NAICOM) suspended Guinea Insurance Plc from writing new insurance business, the company has denied the claim, stating the report was false.
Two of the 17 companies that were recently suspended by the Nigerian Stock Exchange (NSE) for late submission...
Management of Guinea Insurance Plc and African Alliance may presently be at their wit's end as both companies...