Three deals were at the weekend struck for the transfer of about 10.5 per cent equity stake in NEM Insurance Plc, bringing major changes in the equities of the insurance company during the week to 20.13 per cent. A total of 553.9 million ordinary shares of NEM were swapped in three off-market deals at N3.70 […] …
NEM Insurance
Market indicators appreciate by 0.33% on NSE
NAN Trading activities on the Nigerian Stock Exchange (NSE) closed on Thursday on a positive growth, with Lafarge Wapco leading the gainers’ table for the day. The News Agency of Nigeria (NAN) reports that the crucial market indicators appreciated marginally by 0.33 per cent growth. Specifically, the market capitalisation inched N39 billion or 0.33 per […]
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Eaton Acquisitions increases stake in NEM Insurance
New investor eyes 10% equity stake in NEM Insurance
A new strategic investor, Eaton Acquisitions Limited, is seeking to acquire 10 per cent equity stake in NEM Insurance Plc, a major stake that will enable the new investor to take up board position at the insurance firm. Eaton Acquisitions Limited has confirmed that it had acquired up to nine per cent equity stake inRead More
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New investor acquires 2.5% equity in NEM Insurance
A new investor struck a cross deal to acquire 2.46 per cent equity stake in NEM Insurance Plc. A total of 130 million shares of NEM Insurance were transferred in an off-market trade at N4 per share. The deal was consummated through the negotiated cross deal window of the Nigerian Stock Exchange (NSE) on AugustRead More
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