DF Holdings Buys N555.2m Worth of AIICO Insurance Shares

January 9, 2021

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Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.

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DF Holdings Limited, currently a majority shareholder in AIICO Insurance has purchased a further 474.6 million new shares at N1.17 per share.

The total outlays for the shares purchased on December 31^st 2020, came in at N555.2 million, according to a filing on the Nigerian Stock Exchange (NSE).

Business mogul, Dele Fajemirokun is the owner of DF Holdings, which has a more than 50 percent stake in AIICO Insurance.

AIICO insurance is up 125 percent in the past year, giving it a market capitalisaion of N23.1 billion.

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DF Holdings Buys N555.2m Worth of AIICO Insurance Shares

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