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Only 6 banks pay N1.27trn dividends despite huge profits

Only six of Nigeria’s biggest listed banks rewarded shareholders with a combined N1.27 trillion dividend for the 2025 financial year, while five other profitable lenders were barred from making payouts after failing to meet the Central Bank of Nigeria’s prudential requirements.

Almond opens nominees for 2026 awards

By Rosemary Iwunze The panel of judges for the 2026 Almond Insurance Industry Awards, led by Sir Ogala Osoka, has officially released the names of nominees across the various Award categories. At the press conference to unveil nominees for the Awards, Chairman of the awards panel of judges, Sir Ogala Osoka, stated that 796 nominations […]

AXA Mansard grows H1 profit to N7.8bn, says capital meets NAICOM recapitalisation threshold

By Rosemary Iwunze AXA Mansard Insurance Plc has sustained its growth momentum in the first half of 2026, posting a 14 per cent increase in profit after tax to ₦7.8 billion while reaffirming that it has met the new minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The company’s unaudited financial […]

Leadway says post-recapitalisation era to be defined by strategic ambition

By Rosemary Iwunze Leadway Assurance, Nigeria’s foremost insurance services provider and a member of the Leadway Group, said its recapitalised era will be defined not by regulatory compliance but by audacious strategic ambition. Having successfully completed its recapitalisation exercise under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, the company is accelerating a transformation built […]

Shareholders back Mutual Benefits’ strategic growth direction

By Rosemary Iwunze Mutual Benefits Assurance Plc has successfully held its 30th Annual General Meeting (AGM), with shareholders approving all resolutions presented at the meeting, reaffirming their confidence in the company’s strategic direction, governance framework and long-term growth agenda. The meeting, which was convened virtually last week and streamed live to shareholders and stakeholders, was […]

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