The company said the move marked a key step in its strategy to expand operations, enhance innovation and improve shareholder returns.
Market analysts said, “Sustained demand in fundamentally strong stocks continues to drive the upward trend.”
The stock market continued its positive trend, with investors recording a N1.268 trillion gain on Thursday.
The equities market opened the week lower on Monday, as market capitalisation fell by N1.173 trillion or 1.26 per cent.
This was lower than 523.5 million shares valued at N1.45 billion exchanged across 12,666 transactions in the preceding week.
Guinea Insurance Plc appointed Temitope Borishade as chairman of its Board and three new non-executive directors, effective May 17.
The Nigerian Exchange Ltd rebounded on Tuesday, breaking a two-day bearish run with a market gain of N19 billion.
During the week, investors traded a total turnover of 1.804 billion shares worth N52.040 billion in 38,550 deals.
Market capitalisation lost N16 billion to close at N21.474 trillion compared with N21.490 trillion recorded on Monday.
