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News
Discovery Bank turns the corner as the group???s business changes
6+ day, 21+ hour ago (1210+ words) The bank made R370 million in the year to June, compared with a loss of R68m the previous year. Its client base grew by 26% to 1.57 million, while revenue increased by 31% to R3.1 billion. Seventy percent of the bank’s new business came from outside…...
Prudential Zenith Life, Standard Chartered unveil bancassurance push to deepen financial inclusion
1+ mon, 1+ week ago (215+ words) Prudential Zenith Life Insurance and Standard Chartered Bank Nigeria Limited have launched of a strategic bancassurance partnership to expand access to life insurance and financial protection across Nigeria. The partnership demonstrates a shared commitment to bridging the insurance gap and…...
Standard Chartered, Prudential Zenith Insurance announce financial inclusion partnership
1+ mon, 1+ week ago (382+ words) Prudential Zenith Life Insurance and Standard Chartered Bank Nigeria Limited have announced the beginning of a “strategic bancassurance partnership”. According to a statement from the new partners, “the goal is to expand access to life insurance and financial protection across…...
Guinea meets N15bn recapitalisation benchmark, awaits verification
1+ mon, 1+ week ago (245+ words) Guinea Insurance Plc says it has surpassed the N15 billion minimum capital requirement prescribed for non-life insurance companies by the National Insurance Commission (NAICOM), following the successful conclusion of its hybrid capital raising exercise. It now awaits its capital verification in…...
First Central appoints banks to steer potential London listing
5+ mon, 2+ week ago (250+ words) The company has engaged Deutsche Bank and UBS Group to oversee the possible IPO. First Central Group, a provider of car and home insurance in the UK, has begun preparations for a potential flotation on the London Stock Exchange, reported…...
Nigeria’s insurance premiums hit record N1.98trn
5+ mon, 3+ week ago (853+ words) Nigeria’s insurance industry may be entering a structural turning point as rising inflation, asset values, and economic uncertainty push more households and businesses to seek financial protection. In the first half of 2025, the sector generated N1.98 trillion in gross premium income,…...