Business

NAICOM revokes  Universal Insurance’s licence, appoints receiver

By Innocent Anaba The National Insurance Commission (NAICOM) has revoked the license  of Universal Insurance Plc and appointed a receiver/provisional liquidator to commence the process of winding up the company’s affairs. The cancellation, which took effect on August 14, 2026, followed the company’s alleged failure to meet the prescribed Minimum Capital Requirement (MCR) applicable to its […]
Visible Articles 5 10 15

Prudential Zenith Life hosts inaugural brokers’ evening

By Rosemary Iwunze Prudential Zenith Life Insurance proudly hosted the December edition of the Nigerian Council of Registered Insurance Brokers (NCRIB) Brokers’ Evening on December 9, 2025. This marked the inaugural event under the stewardship of the recently elected NCRIB President, Ekeoma Ezeibe, providing a premier platform for industry leaders to connect, collaborate, and advance […]

Recapitalisation: Lasaco Assurance to raise capital level to N36bn

By Rosemary Iwunze Ahead of insurance industry recapitalisation deadline slated for July 2026, Lasaco Assurance Plc has secured the approval of its shareholders to raise its capital level to N36 billion. This will allow the company surpassed the minimum capital requirements for a composite insurance companies. Under the ongoing exercise, Life Insurance companies are expected […]

First HoldCo completes divestment from FBNQuest Merchant Bank

First HoldCo Plc has announced the successful completion of its divestment from its merchant banking subsidiary, FBNQuest Merchant Bank Limited, marking a major strategic shift aimed at strengthening the Group’s core operations.

NGX Weekly Review: Investors rake in N1.54trn gain

The NGX All-Share Index and Market Capitalisation appreciated by 1.63 per cent and 1.64 per cent to close the week at 149,433.26 and N95.264 trillion respectively. These are compared with 147,040.08 and N93.722 trillion recorded in the previous week. As a result, stock market investors gained N1.542 trillion for the week under review. Similarly, all […]

Exit mobile version