February 10, 2020/ARC The African Risk Capacity Limited (the ARC Ltd) has appointed Mr. Lesley Ndlovu as its new Chief Executive Officer following the expiration of the tenure of Ms Dolika Banda, the former CEO, under whose tenure the company recorded impressive growth of its disaster risk pool portfolio. Mr. […]
Insurance
NAICOM Issues Update on Recapitalization Plan; Extends Deadline To December 31, 2020
Culled—Proshare December 31, 2019/NAICOM Introduction This Circular is in furtherance to our earlier Circulars referenced NAICOM/DPR/CIR/25/20 19 dated May 20, 2019 and NAICOM/DPR/CIR/25 – 01/2019 dated July 23, 2019 on the above subject matter. Deadline For Recapitalisation Policy The Commission has reviewed the Recapitalisation plans submitted by operators and various […]
SOVRENINS List Additional 4.170 Billion Ordinary Shares Via Rights Issue
December 26, 2019/NSE An additional 4,170,411,648 ordinary shares of Sovereign Trust Insurance Plc (STI or the Company) were on 23 December 2019, listed on the Daily Official List of The Nigerian Stock Exchange. The additional shares listed arose from the Company’s Rights Issue of 4,170,411,648 ordinary shares of 50 kobo […]
