Wednesday, October 29, 2025
29 C
Lagos

Goldlink Insurance Projects N1Obn Premium by 2O18

Goldlink Insurance Plc is projecting premium income of N1O billion by 2O18 from N7.5 billion 2O17 and N5.2 billion in 2O16.

The financial forecast was unveiled yesterday at the company’s Facts Behind the Restructuring session at the Nigerian Stock Exchange [NSE] in Lagos.

Mr. Gbolahan Olutayo, Managing Director and CEO of Goldlink Insurance Plc listed the future plans of the company as follows:

· Source and inject funds to recapitalise the company,v through right issues and/or offer to other interested investor(s).

· Reinvigorate the marketing workforce to reclaim lostv market share, especially the Oil and Gas sector. Continue to adhere to best standards of regulatoryv compliance and Corporate Governance.

· Improve on the Company’s expenditure profile.

· Returning the company to a solvent position forv competitive businesses.

· Increase the use of Information Technology for efficientv business process and service delivery.

Mr. Oscar Onyema, Chief Executive Office of the NSE commended Goldlink Insurance Plc for blazing a trail as the anchor company for this maiden Facts Behind the Restructuring event at the Exchange.

“Facts Behind the Restructuring is a forum for companies undergoing restructuring to make information available to the investing public. The forum gives restructuring issuers the opportunity to lift the veil on their current financial and operational statuses, inform the investing public of the activities they have been engaging in order to restructure, and speak about the processes of resuscitating their businesses to make them viable in order to come into full compliance with their post listing obligations,” Onyema said.

“In the truest traditions of the capital market, the Facts Behind the Restructuring event is about providing information. As the capital market is information driven, it is our expectation that Goldlink’s interactions with the market through this forum will bring investors up to date on key facts they need to know as they make investment decisions. As with other interactions between issuers and the market, this Facts Behind the Restructuring event will provide the audience with the opportunity to ask Goldlink’s Management relevant questions that arise out of the presentation or howsoever. We are certain that Goldlink and other restructuring companies have a lot to discuss with the market.”

spot_img
spot_img
spot_img

Hot this week

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

NCRIB to Partner State Govts to Drive Insurance Penetration in Nigeria

L-R: Mr. Tope Adaramola, Executive Secretary; Mrs. Ekeoma Ezeibe,...

OPay – From Payment Platform to Lifestyle Ecosystem

By Moses Braimah Out of curiosity, I decided to spend...

Dangote and the Nigeria Refinery Revolution

  Beyond the Monopoly Myths By Moses Braimah When the Dangote...

Anambra Tops 2025 State of States Fiscal Performance Ranking

BudgIT, Nigeria’s leading civic-tech organisation promoting fiscal transparency and...

Topics

AIO Strengthens Ties with Nigerian Insurers, Pledges Better Return for Members

L-R: Mr. Charles Moki, Communication and Public Relations Officer...

FRAUD ALERT! First Bank SMS System Hacked by Fraudsters

Hackers have successfully infiltrated the internal SMS system of...

Linkage Assurance Grows PAT by over 600% in Q3

Linkage Assurance Plc at the end of third quarter...

UNESCO, African ICT Foundation to Host West-Africa Internet Governance Forum May 26

Tony Ojobo President African ICT Foundation UNESCO and the African ICT Foundation...

Stanbic IBTC Bank Drives Regional Trade Innovation at GTR West Africa 2025

Stanbic IBTC Bank has successfully concluded its strategic participation...

Africa–Brazil Relationship: Standard Bank Facilitates Investment Opportunities 

Over the past decade, Sub-Saharan Africa’s 4.1% average growth...

ADB Delivers $100m Loan to Africa Infrastructure Fund

In the bid to reduce the huge infrastructure financing...

Facebook Helps West African SMEs Connect with Customers

Facebook hosted a roundtable with small and medium-sized enterprises...
spot_img

Related Articles

Popular Categories

spot_imgspot_img