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Royal Exchange Profit Slumps 14.85% Amid Robust Liquidity Position

Royal Exchange Plc capitulated to local and global economic headwinds as the company’s profit slumped even amid a robust liquidity position that provides flexibility...

Linkage Assurance Eyes ₦10bn Profit by 2029 Following Massive Capital Injection

Linkage Assurance PLC has officially launched a ₦16.26 billion Rights Issue, offering 12.32 billion ordinary shares to existing shareholders at ₦1.32 per share. This capital...

Staco is Technically Insolvent as Employee Benefits Dwarf Revenue

The owners and management of Staco Insurance Plc prioritise bonuses and employee benefits over earnings growth, a double whammy for a company that lacks...

Insurers’ Return on Equity Slumps as FX Stability Undermines Profit

The owners of insurance companies are not efficiently utilizing the capital of shareholders as the relative stability in the foreign exchange market which moderated...

Sunu Assurance Seeks N9.34bn Via Rights Issue

Sunu Assurance Plc has been authorized by shareholders to issue N9.34 billion in rights as the company seeks to meet the recapitalisation threshold set...

Mutual Benefits Hits ₦20bn Profit Milestone on Improved Operating Margins

Mutual Benefits Assurance Plc bucked the industry trend of rising overheads, reporting an 84.52% surge in net profit for the 2025 fiscal year. The insurer’s...

Lasaco Assurance Posts N3 billion Loss Amid 129% Solvency Margin

Lasaco Assurance Plc has recorded its first Full Year operating loss in more than decade even as the insurer has the financial strength to...

AXA Mansard Profit Surges 117.44% on Foreign Exchange Gain

AXA Mansard Insurance Plc, a key subsidiary of the Paris-based AXA Group, reported a blockbuster 117.44% jump in net profit for the 2025 fiscal...

AIICO Insurance Solvency Hits 331% as Capital Buffer Nears ₦46bn

AIICO Insurance Plc, Nigeria’s leading composite insurer, is entering 2026 from a position of overwhelming financial strength, reporting a 331% solvency margin despite a...

IEI Exits Negative Equity Trap Despite 81% Profit Dive

International Energy Insurance (IEI) Plc has returned to positive equity, which gives shareholders a glimmer of hope that the insurer will be paying dividend...

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