News Formal

Insurance Industry Capitalisation Rises To N18bn

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 77%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Twelve years after the last recapitalisation exercise in Nigeria’s insurance industry, insurance companies with composite license will now need to upgrade their capital base from N5billion to N18 billion to continue to underwrite life and non-life insurance businesses in the country, LEADERSHIP learnt. The new capitalisation, which translates to about 350 percentage increase from the […]

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market capitalisation hits N12.5 trn as MTN lists on NSE – Daily TrustThe Nigerian Stock Exchange’s total market capitalisation rose by N1.8trillion to close at N12.5trn yesterday following the final listing of MTN Nigeria Communications Plc (MTN Nigeria) on the local bourse. The telco’s 20.35 billion ordinary shares at N90 per share were officially introduced to NSE Premium Board to the jubilation of many dignitaries in attendance.ADVERTISEMENT …
Source: Daily Trust - 🏆 13. / 51 Read more »

MTN’s Listing Boosts NSE Market Capitalisation By N1.8trnThe market capitalisation of the Nigerian Stock Exchange (NSE) got a boost by N1.83 trillion yesterday, following the historic listing of 20.35 billion ordinary shares of MTN Nigeria Plc at N90 per share. The company was listed on the Premium Board of the NSE. The listing was the second this year and done by way […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »