Wednesday, October 22, 2025
25.6 C
Lagos

Great Nigeria Insurance Debunks Publication on Sale of its Annuity Business

The attention of the Board and Management of Great Nigeria Insurance Plc has been drawn to a publication making the rounds that Great Nigeria Insurance Plc (GNI)’s Annuity Insurance business has been acquired by a rival insurance company.

The said publication is to the effect that GNI Plc and Tangerine Africa Annuity businesses have been acquired by this particular Insurance Company.

This development is a crude attempt by an unscrupulous competitor to demarket our brand and shrink our share of the Annuity Insurance market.

In the last five (5) years, our Annuity Insurance portfolio has grown steadily by over 14,845% and our Annuitants have been enjoying value added services.

In view of the foregoing there is no basis for transferring our Annuity business to another company in the industry. We want to state emphatically that GNI Plc has not and does not intend to sell-off its Annuity business Portfolio, neither does it intend to partner with any Insurance company or companies in the Annuity insurance market.

This release therefore serves as a categorical disclaimer that our Company is not in any kind of partnership or merger discussion with any Insurance company regarding our Annuity Insurance Portfolio.

We call on all our intermediaries and Clients to disregard any information regarding the transfer or acquisition of GNI’s Annuity Insurance Portfolio.

Great Nigeria Insurance Plc is poised to continue in its well-known tradition of delivering qualitative insurance services to its esteemed customers.

spot_img
spot_img
spot_img

Hot this week

FSI, Mentors Without Borders Launch Tech Mentorship Program at Thomas Adewunmi Varsity

Financial Services Innovators (FSI), in partnership with Mentors Without...

The Trouble with Nigeria’s Healthcare System

By Michael Owhoko, Ph.D The quality of a country’s healthcare...

Sterling Bank Leads Africa’s Green Revolution with Agriculture Summit Africa 2025

Africa’s agricultural rebirth gathers momentum as Agriculture Summit Africa...

Fidelity Bank Celebrates International Day of the Girl Child with Debate Showcase 

L-R: Second runner-up, Chizaram Ekueme of Awesome College; Head,...

LASAA Hosts Legislators, Vows Commitment to Visual Order, Safety

L-R: The Chairman, Committee on Information, Security and Strategy,...

Topics

Verve Rewards 600 Customers in Good Life Promo

Africa’s leading payment technology and card brand, Verve International,...

Guinness Nigeria Reports N30bn 1st Qtr Revenue

Guinness Nigeria announced its first quarter results for the...

‘FG Should Dispose Recovered Assets in a Transparent Manner’

BudgIT tasks President Buhari to carry out the disposal...

Sovereign Trust Insurance Partners Igbobi College on Industry Career

Cross Section of Igbobi College Students, Teachers and Staff...

Fiji Airways: Official Travel Airline of CTO Forum 2016

The Commonwealth Telecommunications Organisation is pleased to announce Fiji Airways as the official...

Guinea Insurance Pledges Positive Reforms

The recent retirement announcement of the erstwhile Chairman and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img