By InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, Wapic Insurance Plc on Friday said its board of directors has approved to pay dividend to investors of the company following a meeting held on January 29, 2016.

The dividend not mentioned, the insurer said is subject to the approval of the company’s 2015 Audited financials by the National Insurance Commission (NAICOM), according to Wapic in its corporate action to the Nigerian Stock Exchange (NSE).

Other resolutions of the board meeting include the approval of Wapic Insurance 2015 audited financials to be submitted to the NAICOM.

The company added that the trading closed period for the directors and related parties have commenced from January 29, 2016. “Further information regarding the 2015 Audited Financials shall be communicated to the Exchange and investing public upon receipt of the anticipated NAICOM approval,” Wapic said.