L – R: Mr. Val Ojumah, Member, Governing Council, Nigerian Insurers Association (NIA) and MD/CEO, FBN Insurance Ltd; Dr. F.K Lawal, Member, Governing Council, NIA and MD/CEO, Sterling Assurance Ltd; Mr. Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Mr. Tope Smart, Chairman, NIA and Group Managing Director, NEM Insurance Plc; Mrs. Yetunde Ilori Director-General/ Chief Executive Officer, NIA; Mrs. Yinka Adekoya, Member, Governing Council of NIA, and MD/CEO, WAPIC Insurance Plc; Mrs. Bola Odukale, Member, Governing Council, NIA and MD/CEO, Capital Express Assurance Limited during the Closing Gong Ceremony to introduce the newly appointed council members of the Association to the capital market stakeholders at the NSE on Tuesday.

The Nigerian Equity Market today closed lower as the All Share Index (ASI) retreated by 0.21%, driven by price depreciation in MTNN. This occurred irrespective of the positive performance recorded in the five major market sectors. Market breath closed positive, recording 27 gainers as against 10 losers.The All Share Index (ASI) decreased by 57.27 absolute points, representing a dip of 0.21% to close at 27,058.62 points. Similarly, the Market Capitalization declined by N27.91 billion, representing a loss of 0.21% to close at N13.19 trillion.
TRANSCORP emerged the top gainer while CUTIX emerged as top loser.
The Downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; CUTIX (-9.62%) PZ (-8.83%), MAYBAKER(-6.83%), HONYWELL(-6.06%), CONOIL (-4.82%), MTNN (-4.40%) and UBN (-2.14%).