Insurance recapitalisation Archives

Business & Economy Insurance digest Metro news

emPLE Nigeria pays over N7bn in claims to support policyholders recover from losses in 2025

Kelvin EgerueMay 5, 2026

by Kelvin EgerueMay 5, 20260677

emPLE, one of Nigeria’s rapidly growing insurance companies, has announced total claims payouts of over N7 billion in 2025, reaffirming its commitment to empowering individuals, families, and businesses with the financial support needed to rebuild after losses caused by life and business uncertainties. Amid evolving industry dynamics and regulatory expectations......

Business & Economy Insurance digest Stock Market

Sovereign Trust Insurance stires shareholders’ interest with N5bn rights issue

Kelvin EgerueMay 2, 2026

by Kelvin EgerueMay 2, 20260724

Sovereign Trust Insurance Plc has completed the structuring phase of its planned N5 billion Rights Issue capital raise marking a key milestone ahead of its recapitalisation plan in line with the Nigerian Insurance Industry Reform Act, NIIRA. The Underwriting Firm disclosed this at the signing ceremony of all related parties......

Business & Economy Insurance digest Metro news Stock Market

Investors besiege Lasaco Assurance Rights Issue as offer closes May 13

Kelvin EgerueApril 22, 2026

by Kelvin EgerueApril 22, 20260932

As Lasaco Assurance Plc’s right issue targeted at raising additional working capital gets closer to its concussion, investors which include existing shareholders have continued to express interest in acquiring higher equity interest in the company. The renewed interest in the company came as Lasaco Assurance inform shareholders and the investing......

Business & Economy Finance Insurance digest

Again, NAICOM challenges insurance firms to fast tract activities towards recapitalization

Kelvin EgerueMarch 16, 2026

by Kelvin EgerueMarch 16, 20260787

… Assures policyholders on safety of policies, investments Nation’s Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM) Me Olusegun Ayo Omosehin have urged insurance companies in the country to put more life into their recapitalization projects saying that the current pace of activities towards compliance......

Insurance digest Stock Market

Ahead recapitalization, SEC sets up help desk for insurance companies

Kelvin EgerueSeptember 5, 2025

by Kelvin EgerueSeptember 5, 20250720

…Says approvals would be given within 14 days As the nation’s insurance industry gears up to its new recapitalization regime, the authorities of the Securities and Exchange Commission (SEC) have pledged support to facilitating all processes relating to raising of the required funds through the capital market. To this end,......