Tuesday, July 15, 2025
24.3 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

NAICOM, Insurance Industry Mourn Buhari

It is with profound sadness that we received the...

Polaris Bank Partners Woodhall Capital, UK, Lagos State in ₦1.5bn Creative Economy Fund

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu,...

Heirs Insurance Group Reports N61bn GWP in 2024, an Increase of 70%

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Stanbic IBTC Holdings Meets CBN’s N200bn Recapitalisation Policy

In a landmark achievement that highlights the steadfast confidence...

SanlamAllianz Partners NCRIB on 2025 Empowerment Series

Dr. Abosede Adegbite, Consultant, Family Physician; Tope Adaramola, Executive...

Topics

New Book Reveals How Atiku, Joda, Ndukwe Saved 2001 GSM Licence Auction

Expectations were high on January 19, 2001, the day...

Global Capital Standards Finalised For AIG, 8 Big Insurers

The world’s nine biggest insurance companies will have to hold more capital under new rules just finalised by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis. Regulators decided to look at the multi-trillion dollar insurance industry following the massive public rescue of insurer AIG in the United States during the 2007-2009 financial crisis.

Polaris Bank: Positioning for Digital Leadership, Market Dominance-CEO

Leading digital financial institution, Polaris Bank Limited has assured...

IGI Names Bayo Folayan New CEO

Industrial And General Insurance Plc (IGI) has announced the...

NCC Suspends Issuance of Telecom Licenses in 3 Categories

The Nigerian Communications Commission (NCC) has issued a Public...

Verve Rewards Cardholders with Brand New Car, Prizes Worth N50m

L-R - Chuma Ezirim, FirstBank’s Group Executive, E-Business and...

TVS King Deluxe Plus iTouch 3Wheeler Unveiled in Enugu, Asaba

L-R - Taiwo Akinpelu, Divisional Head of Marketing at Simba TVS; Chief...

Heirs Insurance Group Empowers 500 School Children, Communities through ‘The Good Project’

L-R: Ayodeji Akinwande, Brand Manager, Heirs Insurance Group; Ngozi...
spot_img

Related Articles

Popular Categories

spot_imgspot_img