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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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Royal Exchange Reports N10.79bn Premium in 2015

Royal Exchange Plc has reported premium income of N10.79 billion in the financial year ended December 31, 2015. The result marks a 14 percent rise in premium compared to the figure of N9.43 billion in the same period of 2014.

Mr. Kenneth Odogwu, Chairman, Royal Exchange Plc, told shareholders at the company’s 47th Annual general meeting [AGM} in Lagos that the Group is presently streamlining major components of its businesses, service delivery, processes and operations in order to deliver superior returns to shareholders.

“This we believe will reposition our great company as not only a major industry player but as a potential game changer. The future of our company and our plans for 2016 are well on course notwithstanding the current downturn in our domestic economy.”

Odogwu predicted the clamour for greater government’s participation as well as the enforcement of compulsory insurance regulations as provided by the Market Development and Restructuring Initiative [MDRI] are expected to be a top priority of the National Insurance Commission [NAICOM] in 2016.

“As always, Royal Exchange stays abreast with many of the initiatives mentioned above in our quest to grow market share and attain market leadership position.”

Mr. Auwalu Muktari, Group Managing Director/CEO of Royal Exchange Plc, said the Group remains focused on achieving its strategic plan of steering the company towards market leadership.

“We invested in digital solutions that would improve front-end sales, distribution and customer services, as well as enhance back-end operating efficiency and expenses management.”

Muktari said the performance of the company in 2015 was a good show of spirit and tenacity, just as its revenue diversification drive away from traditional markets recorded good progress in deepening its tentacles in some frontier markets, most especially retail and agribusiness.

“In future, we intend to be more active in micro-insurance to bridge the insurance needs of the yearning public, including the upcoming millenials. Looking ahead, our goal is to continuously redefine, reinvent and differentiate ourselves in the market place. The focus would be on achieving long-term sustainable growth for our shareholders through the broadening of our revenue base, improving service delivery support systems and at the same time, keeping a lid on our group costs.”

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Topics

NDIC to Host African Deposit Insurance Leaders to Strengthen Operational Resilience

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INEC Deepens Deployment of Technology for Elections in Nigeria

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Sustained Profit Taking Drags Local Bourse… ASI Down 0.2%

Losses in the local bourse extended into the second consecutive...
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