September 10, 2020/Continental Reinsurance Plc Continental Reinsurance Plc is pleased to announce a change in the ownership structure of Continental Reinsurance Ltd (Botswana). After its recent acquisition of a minority 40% stake in the company, through its holding company, CRe African Investments Limited (“CRAFIL”), from Botswana Insurance Company Ltd (BIC), […]
Insurance
Consolidated Hallmark Lists 2.03 Billion Rights Issue Additional Shares
August 20, 2020/NSE An additional 2,032,500,000 ordinary shares of Consolidated Hallmark Insurance (the Company) were today, Thursday, 20 August 2020 listed on the Daily Official List of The Nigerian Stock Exchange (The Exchange). The additional shares listed on The Exchange arose from the Company’s Rights Issue of 2,032,500,000 ordinary shares […]
NAICOM Announces Minimum Paid Up Capital Policy for Insurance and Reinsurance Companies in Nigeria
Culled—Proshare August 19, 2020 By NAICOM Introduction 1.1 This Circular is in furtherance to our earlier Circulars referenced NAICOM/DPR/CIR/25/2019 dated May 20, 2019; July 23, 2019 and December 30, 2019 respectively on the above subject matter. Minimum Paid – Up Share Capital 2.1 The Commission hereby reiterates that the Minimum […]
