Prudential Zenith Life Insurance Company Limited has announced that it has exceeded the minimum capital requirement set under the new Nigerian Insurance Industry Reform Act (NIIRA) by N19.3 billion, positioning …
Nigerian insurance sector
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BusinessCorporate EarningsFinanceInsuranceNigeriaRegulation
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BusinessEconomyFinanceInsuranceINVESTMENTReal Estate
Lasaco Assurance Reports 84% Rise in Shareholders’ Fund to N22.11bn in Q2 2025
Lasaco Assurance Plc has announced a significant boost in its financial position after posting an 84 per cent growth in shareholders’ fund, which rose to N22.11bn in the second quarter …
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BusinessCorporate NewsEconomyFinanceInsuranceINVESTMENT
Lasaco Assurance Maintains A(NG) Credit Rating for Third Consecutive Year
Global Credit Rating (GCR) has reaffirmed the credit rating of Lasaco Assurance Plc at A(NG) with a Stable Outlook, making it the third year in a row that the Nigerian …
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BusinessCorporate AffairsFinanceInsuranceINVESTMENTNigeria
NSIA Insurance Reports N30.15bn Premium Growth, PBT Hits N3.44bn in 2024
NSIA Insurance Limited has announced a 35 per cent growth in its composite Gross Written Premium, which rose to N30.15bn in 2024 from N22.29bn recorded in 2023. The company disclosed …
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BusinessCorporate StrategyFinanceInsuranceNewsNigeriaRegulation
Lasaco Assurance Moves to Transfer Annuity Business to Cornerstone Insurance
Lasaco Assurance Plc has announced plans to transfer its annuity business portfolio to Cornerstone Insurance Plc as part of a broader strategic realignment within the company. The announcement was contained …
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EconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Royal Exchange Posts N496.8m Profit Amid Lower Earnings
Royal Exchange Plc, a key player in Nigeria’s insurance and financial services sector, has reported a profit after tax of N496.8 million for the financial year ended March 31, 2025. …
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BusinessBusiness InsightsEconomyFinance & ServicesGOVERNMENTInnovationInsuranceINVESTMENTMarketsNewsNigeria
AM Best Assigns ‘B+’ Rating to Linkage Assurance Plc, Cites Strong Balance Sheet and Risk Management
Linkage Assurance Plc, a Nigerian insurance company listed on the Nigerian Exchange Group, has been assigned a long-term issuer credit rating of ‘B+’ by AM Best, a globally recognised credit …