Browse Tag

Insurance

Profit Takers Milk Tinubu’s Insurance Law Effect, Wipe Off N198bn From Insurance Stocks

Since the stocks of insurance companies reached an all-time high on August 13, shareholders of insurance firms in the Nigerian Exchange Limited (NGX), also known as the stock market, have lost over N198.21 billion to profit takers. Prime Business Africa notes that

August 28, 2025

Business

NAICOM Orders Insurers To Meet New Capital Requirement Or Face Liquidation

The National Insurance Commission (NAICOM) has issued a warning to insurance and reinsurance companies in Nigeria regarding the new Minimum Capital Requirements (MCR). The Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed recently by President Tinubu on 31 July 2025, introduced a new MCR for

August 16, 2025

Business·Top Stories

Nigerian Bourse Closes With N425bn Loss

The all-share index closed trading on Friday, August 15, with a 0.46 percent decline, dropping from the 145,300.01 ASI reported on Thursday, August 14, to settle at 144,628.2 ASI. According to data published by the Nigerian Exchange Limited (NGX), with the all-share

August 15, 2025

Business·Top Stories

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

Between January and June 2025, Sovereign Trust Insurance recorded N34.07 billion turnover, up by 45 percent compared to the N23.56 billion generated in the first half (H1) of 2024. Sovereign Trust Insurance announced the growth in revenue in its unaudited consolidated financial

August 6, 2025

Business·Top Stories

Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

Sunu Assurances’ revenue jumped 34.66 percent to N5.28 billion in the first quarter (Q1) of 2025, surpassing the N3.92 billion generated in the corresponding period in 2024. The company’s financial statement for Q1 2025 also showed that Sunu Assurances’ insurance service expenses

July 4, 2025

Business·Top Stories

AIICO Exceeds Topline, Bottom Line Forecasts, But Profit Drops 49.58%

AIICO Insurance exceeded its topline and bottom line forecast for the first quarter (Q1) of 2025, after recording N54.81 billion gross written premium, compared to the N50.54 billion projected for the period. According to the insurer’s Q1 2025 financial statement, it also

June 18, 2025

Business·Top Stories

Majority Shareholders Tighten Control Over Lasaco Assurance With 7bn Shares

Lasaco Assurance’s majority shareholders, Ibile Holdings Ltd and Canon Properties & Investments Ltd, increased their shareholdings in the company by 7.08 billion shares in the first quarter (Q1) of 2025. According to Prime Business Africa’s analysis, Ibile Holdings increased its shares by

June 17, 2025

Consolidated Hallmark Holdings Profit Drops From N7.52bn To N1.15bn In H1 2025

Business·Top Stories

Consolidated Hallmark Generates N13.31bn Turnover, Profit Falls To N359.30m

Over N13.31 billion revenue was generated by Consolidated Hallmark Holding in the first quarter (Q1) of 2025, compared to the N6.19 billion recorded in the same period in 2024, indicating a 114.87 percent increase. Also, its insurance service expenses increased by 48.13

June 17, 2025

Business·Top Stories

AIICO Insurance’s profit falls below N16.72bn forecast

The total premium collected by AIICO Insurance in 2024 was N159.31 billion, 44.67 percent higher than the N110.11 billion paid by policyholders in 2023. Checks by Prime Business Africa showed that the amount paid by the company’s customers to keep their insurance

April 24, 2025

Business·Top Stories

Sunu Assurances, Veritas, Prestige Among Five Worst-Performing Insurance Stocks In Q1 2025

Out of 20 insurance companies listed in the Nigerian stock exchange, 13 insurers recorded a decline in their stock performance in the first quarter (Q1) of 2025. Analysis by Prime Business Africa showed that the 13 insurance companies are Guinea Insurance, International

April 22, 2025

1 2 Next

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Insurance

Profit Takers Milk Tinubu’s Insurance Law Effect, Wipe Off N198bn From Insurance Stocks

NAICOM Orders Insurers To Meet New Capital Requirement Or Face Liquidation

Nigerian Bourse Closes With N425bn Loss

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

AIICO Exceeds Topline, Bottom Line Forecasts, But Profit Drops 49.58%

Majority Shareholders Tighten Control Over Lasaco Assurance With 7bn Shares

Consolidated Hallmark Generates N13.31bn Turnover, Profit Falls To N359.30m

AIICO Insurance’s profit falls below N16.72bn forecast

Sunu Assurances, Veritas, Prestige Among Five Worst-Performing Insurance Stocks In Q1 2025

Featured Stories

Now, The Bokku Mart Jiu-Jitsu Marketing Strategy

AU, AFRIMA Confirm New Date For 9th Awards in Lagos

Access Bank Dithers As Analyst Flags Enforcement Hurdles in $220 Million BVI Court’s Debt Judgement

Yoruba Girl In Anambra School Emerges Best in Igbo Language, Other Subjects

Whatsapp Channel

Latest News

Trump Urges U.S. Probe Into Killings of Christians in Nigeria, Warns of ‘Existential Threat’ to Faith

UBA Posts ₦538bn Profit After Tax in Q3 2025, Strengthens Capital Base with Rights Issue Completion

Ogun Residents Slam Abiodun Over ‘Phantom’ Road Projects as #DapoFixOgunRoads Trend Sweeps Social Media

Igwe Kenneth Orizu III At 100: Nnewi Monarch Mark a Century Of Legacy, Reform, Six Decades Of Unbroken Reign

Investors Reposition As US-China Trade Deal Nears Completion

‘With No More Fed Cuts This Year, US Risks Stagflation’

INNOVATION SERIES: How Optiva Capital Partners Unlocks Global Opportunities in Africa’s Investment Immigration Revolution – Franklin Nechi

Silver Slides as Investors Lock in Profits Amid Receding Fears

Trump Urges U.S. Probe Into Killings of Christians in Nigeria, Warns of ‘Existential Threat’ to Faith

Suggestions

Insurance

Featured Stories

Follow Us

Whatsapp Channel

Latest News