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Niger Insurance Plc (NGX: NIGERINS) | Share Price

Nigel Firth
Nigel Frith trader
Updated 15 Aug 2022

Niger Insurance Plc is a Nigeria based life and general insurance company listed on the Nigerian Stock Exchange (NGX) that underwrites all classes of insurance.

Latest Niger Insurance Plc Share Price

The graph above shows the latest Niger Insurance Plc share price on the Nigerian Stock Exchange. Investors have seen Niger Insurance Plc shares perform well historically, and it remains a steady investment. Niger Insurance Plc stock is live on the NGX under the stock symbol of NIGERINS and is available to trade via several brokers in Nigeria.

Overview of Niger Insurance Plc

Today, Niger Insurance Plc’s portfolio of products and services are diversified in more sectors of the Financials value chain and include the following: endowment policies, group life, mortgage protection and term assurances while non-life insurance products range from aviation hull and liability and fire and special perils to public liability insurance, professional indemnity and workmen compensation insurance, motor insurance, cover on airborne cargoes, ships, fishing vessels, ports and harbours installation.

Niger Insurance Plc markets its products under the brand name Niger Cash, Niger Flexible Investment Assurance, Niger Mutual Halal, Niger Personal Pension and Savings. The company has sound reinsurance treaties with reinsurance companies led by Swiss Re.

Other, non-life business includes group life, is undertaken by enterprises to provide a life assurance policy cover for their employees; Individual life, including life assurance policies; Mutual Halal Plan, which is a life insurance policy designed for Muslims and other interested parties in Nigeria, and personal pension and savings, which includes life assurance cover and investment account.

The history of Niger Insurance Plc goes back to 1962 when it was founded, first known as The Niger Insurance Company Limited, to change its name to Niger Insurance Plc in 1989. It had been listed on 1 September 1993.

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Niger Insurance Plc

Niger Insurance

Niger Insurance Plc has its head offices at Niger Insurance Plaza, 48/50 Odunlami Street, Lagos Island, Nigeria.

Niger Insurance Plc has a staff complement of about …

The company renders its services in ….

The current CEO/managing director of Niger Insurance Plc is Edwin Friday Igbiti.

Niger Insurance Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NIGERINS.

Niger Insurance Plc forms part of the Insurance (Property and Casualty) Industry and the Financials Sector of the Nigerian Stock Exchange (NGX).

Niger Insurance Plc Stock Performance

The current price for Niger Insurance Plc stocks on the Nigerian Stock Exchange (NGX) is 0.20 Nigerian Naira (NGN).

NIGERINS had its last active trading day on Wednesday, June 30, 2021 and further trading of its stocks on the Nigerian Stock Exchange is currently suspended.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Niger Insurance Plc stocks can hope for improvement and profitable dividends and earnings in times to come.

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

Highlights of Niger Insurance Plc in 2021

Niger Insurance Plc had its last active trading day on Wednesday, June 30, 2021 and trading of its stocks on the Nigerian Stock Exchange has since been suspended.

Niger Insurance - How To Trade

How to buy Niger Insurance 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 Niger Insurance 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, “NIGERINS”.
  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.

FAQs

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.

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Nigel Firth
Nigel Frith trader
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.