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Business
Heirs Insurance Grows GWP to ₦115 Billion FY25, As Revenue Rose to N53.4bn
BY NKECHI NAECHE-ESEZOBOR Heirs Insurance Group has announced the audited financial results of its companies for the year ended December 31, 2025, delivering...
NDLEA arrests India-bound Businessman with cocaine, recovers N3.6b Colos, codeine in Lagos
BY NKECHI BAECHE-ESEZOBOR—A 48-year-old businessman Nwankwo Innocent Onyebuchi who liquidated all his assets to chase a dream of quick riches in the illicit...
SEC Freezes Assets of 9 Terrorism Financiers
BY NKECHI BAECHE-ESEZOBOR—The Securities and Exchange Commission (SEC) has directed capital market operators to freeze the funds, assets and other economic resources belonging...
NAICOM Recapitalisation: Universal Insurance Secures ₦7.13B Equity Deal with FPNG, Awaits NAICOM Approval
BY NKECHI NAECHE-ESEZOBOR—Universal Insurance Plc has entered into an investment agreement with FPNG Co-Nvest Limited (FPNG) for an equity capital injection of ₦7.128...
Guinea Insurance Positions for Next Growth Phase Following NAICOM Recapitalisation Approval
BY NKECHI NAECHE-ESEZOBOR—Emerging from National Insurance Commission, (NAICOM), sector-wide recapitalisation drive with a capital base exceeding ₦15 billion, Guinea Insurance Plc on Friday...
NAICOM Recapitalisation: Policarp Didam Commends NAICOM, Warns Ministry of Finance Against Interference
BY NKECHI NAECHE-ESEZOBOR—Policarp Didam, former Managing Director of Royal Exchange Prudential Life Plc, has applauded the leadership of the National Insurance Commission,(NAICOM), led...
Sovereign Trust Insurance Meets NAICOM’s New Recapitalisation Threshold, Reaffirms Market Confidence
BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc, has successfully met the new recapitalisation requirement for non-life insurance companies prescribed by the National Insurance Commission...
Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance
BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc and Guinea Insurance Plc are among seven additional underwriting firms officially cleared and verified by the National...
