Emzor raises N26.7bn bond to boost local drug manufacturing
By Yinka Kolawole Emzor Pharmaceutical Industries has raised a $19.8 million (N26.7 billion) Series 1 Fixed Rate Bond on the FMDQ Group Exchange, in a major move to strengthen local pharmaceutical manufacturing and complete West Africa’s first full-scale anti-malarial Active Pharmaceutical Ingredient (API) manufacturing facility. The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma […]
Prudential Zenith Life, Standard Chartered build strategic bancassurance partnership
This collaboration effort combines Prudential Zenith’s underwriting expertise with Standard Chartered’s banking network to deliver accessible protection solutions
Linkage Assurance records 74% profit growth in half year 2026
The result comes at a time when Nigeria’s insurance industry continues to contend with elevated inflation, rising claims costs, currency volatility and higher operating expenses
Heirs Insurance Group poised for leadership in Nigeria’s post-recapitalisation era
Earlier this year, Heirs Life Assurance and Heirs General Insurance were recognised among the Financial Times’ fastest growing companies in Africa
Anchor Insurance successfully recapitalise, surpasses minimum threshold
By Rosemary Iwunze The Management of Anchor Insurance Company Limited has officially announced that the Company has successfully met the recapitalisation requirements of the National Insurance Commission (NAICOM) under the Nigeria Insurance Industry Reform Act (NIIRA) 2025. The Managing Director/CEO, Dr. Ebose Augustine Osegha declared: “Today, our capital base stands in excess of ₦25.5bn, significantly […]
Rex Insurance successfully meets new minimum capital requirement
Rex Insurance commends NAICOM for its leadership in strengthening the insurance sector through the recapitalisation exercise and remains committed to supporting initiatives
