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Royal Exchange Assurance Nigeria Plc (NGX: ROYALEX) | Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

Royal Exchange Assurance Nigeria Plc is a Nigerian holding company that primarily engages in risk management through its subsidiaries.

Royal Exchange Assurance Nigeria Plc is authorised to provide life and non-life insurance products, including general and health insurance, as well as life assurance.

Latest Royal Exchange Assurance Nigeria Plc Price

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

Overview of Royal Exchange Assurance Nigeria Plc

Additionally, Royal Exchange Assurance Nigeria Plc provides banking products and services for asset management, credit financing and microfinance, general insurance, and reserve investment accounts.

Additionally, Royal Exchange Assurance Nigeria Plc offers a range of healthcare insurance products and services and acts as a health maintenance organization that facilitates financial intermediation in the health business.

Royal Exchange General Insurance Company, Royal Exchange Prudential Life, Royal Exchange Healthcare (HMO), Royal Exchange Finance Company, and Royal Exchange Microfinance Bank are the company’s subsidiaries.

Today, Royal Exchange Assurance Nigeria Plc’s portfolio of products and services are diversified in more sectors of the Financials value chain and include the following: risk management, financial services, trusteeship and asset management. Its general insurance include motor insurance, fire, general accident insurance, marine/aviation, bond, engineering, agriculture insurance, and oil and gas.

The history of Royal Exchange Assurance Nigeria Plc goes back to 1918 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on December 3, 1989.

Royal Exchange Assurance Nigeria Plc has its head offices at New Africa House, 31 Marina, Lagos, Nigeria.

The current CEO or managing director of Royal Exchange Assurance Nigeria Plc is Olawale Omotunde Banmore.

Royal Exchange Assurance Nigeria Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol ROYALEX.

Royal Exchange Assurance Nigeria Plc forms part of the Insurance (Accident & Health) Industry and the Financials Sector of the Nigerian Stock Exchange (NGX).

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Royal Exchange Assurance Nigeria Plc

Royal Exchange Assurance Nigeria Plc Stock Performance

The current price for Royal Exchange Assurance Nigeria Plc stocks on the Nigerian Stock Exchange (NGX) is 0.83 Nigerian Naira (NGN).

An analysis of financial data of Royal Exchange Assurance Nigeria Plc showed that the company has a total market capitalisation of 4.27 Billion NGN, and the number of shares outstanding is 5.15 Billion.

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

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

Royal-Exchange-Shares

Highlights of Royal Exchange Assurance Nigeria Plc in 2021/2022

Royal Exchange Assurance Nigeria Plc started the current financial year (2021) with a share price of 0.88 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 5.68 % in value on its price valuation, ranking 73rd on the NGX with its year-to-date performance.

Royal Exchange Assurance Nigeria Plc is currently the 44th most-traded stock on the NGX and it has experienced a total trading volume of more than 83.6 million shares, which were finalised in 850 deals and were valued at a total of 55.2 million Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 1.33 million shares in each trading session.

During the same period a volume high of 8.48 million was achieved on December 31.

How to buy Royal Exchange Assurance Nigeria 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 Royal Exchange Assurance Nigeria 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, “ROYALEX”.
  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 NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively.

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.