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Lasaco Assurance Plc (NGX: LASACO) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

Lasaco Assurance Plc is a composite insurance and financial services company listed on the Nigerian Stock Exchange (NGX).

Overview of Lasaco Assurance Plc

Lasaco Assurance Plc is involved in the underwriting of business in major sectors of the economy. This includes the heavy engineering, construction, banking and finance, manufacturing, agriculture and tourism sectors. Lasaco Assurance Plc provides various kinds of insurance, such as general accident, fire, motor, engineering, marine, bond insurances and life assurance businesses and transacts insurance business for aviation, oil and gas and other special risks.

Today, Lasaco Assurance Plc’s portfolio of products and services are diversified in more sectors of the Financials value chain and include the following: key federal and state government insurance businesses, multinational and private companies. Lafarge Africa Plc also offers life cover to high-tech, capital intensive and special risk sectors such as oil and gas and aerospace.

The history of Lasaco Assurance Plc goes back to 1979 when it was first founded, and it had been listed on 14 June 1991.

Lasaco Assurance Plc

Lasaco Assurance

Lasaco Assurance Plc has its head offices at Lasaco House, Plot 16, Acme Road Ogba, Ikeja, Lagos, Nigeria.

The company renders its services in West Africa.

The current CEO and Managing Director of Lasaco Assurance Plc is Razzaq D. Abiodun.

Lasaco Assurance Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol LASACO.

Lasaco Assurance Plc forms part of the Insurance Carriers, Brokers Sub Sector and the Financials Sector of the Nigerian Stock Exchange (NGX).

Lasaco Assurance Plc Stock Performance

The current price for Lasaco Assurance Plc stocks on the Nigerian Stock Exchange (NGX) is 1.04 Nigerian Naira (NGN).

An analysis of financial data of Lasaco Assurance Plc showed that the company has a total market capitalisation of 1.91 Billion NGN, with a Price/Earning ratio of 9.45 and earnings per share of 0.11 NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Lasaco Assurance Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Lasaco Assurance Plc, analysts forecast further improved performance for the Financials sector with market share growing as trading volumes increase.

Highlights of Lasaco Assurance Plc in 2021

Lasaco Assurance Plc started the current financial year (2021) with a share price of 0.35 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 197 % in value on its price valuation, ranking fourth on the NGX with its year-to-date performance.

LASACO however lost 5% of its value in the past four weeks.

Lasaco Assurance Plc is currently the 54th most-traded stock on the NGX and it has experienced a total trading volume of more than 41.3 million shares, which were finalised in 920 deals and were valued at a total of 45 million Nigerian Naira (NGN) over the recent three month period from September to December 2021, with an average of 655,113 shares in each trading session.

During the same period a volume high of 10.6 million was achieved on November 4 and a low of 2,500 on October 15.

Lasaco Assurance - How To Trade

How to buy Lasaco Assurance Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Lasaco Assurance Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “LASACO”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.


The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.