Thursday, February 25African Business News
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Bellwethers lift stock indices further by N98 billion

Bellwethers lift stock indices further by N98 billion

Capital Market
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reopened upbeat yesterday, as more high capital stocks joined the league of gainers, resulting in a further rise in market capitalisation by N98 billion. At the close of trading yesterday, the All-Share Index (ASI), rose 188.50 absolute points, or 0.72 per cent to close at 26,507.84 points. Similarly, the overall market capitalisation gained N98 billion to close at N13.853 trillion. The upturn was impacted by gains recorded in large and medium value stocks, including Total Nigeria, MTN Nigeria Communications (MTNN), Okomu Oil, BUA Cement, and Lafarge Africa. On the market performance, United Capital Plc, said: “Going forward, we expect to see the bullish sentiment sustained in the equities market on the back...
How insurers’ N97.2b claims settlement boost market penetration

How insurers’ N97.2b claims settlement boost market penetration

Insurance
Modern insurance claims process is increasingly complex. More variables and data are constantly coming into play, but carriers must determine appropriate settlements and flag potential fraud faster than ever. Aside technical challenges, insurers are also dealing with customers during stressful and vulnerable moments, especially at pandemic times when the delicate balance of empathy and automation must be struck to give the insured the peace of mind they seek The shift to a mostly-automated claims process will likely take a decade, as the initial steps in the core claims system transformation process are very long. Despite worries about another round of recession in the economy due to the negative impact of the pandemic that is mitigating the global economy, a few i...