• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Guinea Insurance Concludes Plans To Issue 1.8bn Ordinary Shares

by Zaka Khaliq
2 years ago
in Business
Insurance
Share on WhatsAppShare on FacebookShare on XTelegram

Guinea Insurance Plc has secured regulatory approval of the National Insurance Commission (NAICOM), the Securities and Exchange Commission (SEC), and the Nigerian Exchange Group (NGX), to proceed with its proposed issuance of 1.8 billion ordinary shares.

Advertisement

This initiative involved the issuance of 1,802,800,000 Ordinary Shares at 50 Kobo per Share. The endorsement was seen as a reinforcement of the company’s dedication to regulatory compliance and its clear strategic vision to emerge as a leading insurance company in Nigeria.

The CEO of Guinea Insurance Plc, Mr. Ademola Abidogun, expressed his heartfelt gratitude for the tremendous support the company had received from both stakeholders and regulators.

He underscored the crucial significance of the private placement initiative in harnessing emerging opportunities and enhancing value for all stakeholders, noting that the initiative was consistent with the company’s proactive approach to securing future growth, increasing market share and its dedication to maximising returns for investors and partners.

To him, “Guinea Insurance Plc is fully prepared to make the most of this opportunity to further fortify our market position, enhance customer experience, and open doors to even greater possibilities. Our resolute commitment to success and the results of it can be seen from the Company’s performance in Q2 of 2023.”

RELATED

NNPCL Retail Sanctions Staff Over Attempt To Cheat Customer In Lagos

NNPCL Retail Sanctions Staff Over Attempt To Cheat Customer In Lagos

6 hours ago
Geofort Africa Empowers Youths With Free Real Estate Training

Geofort Africa Empowers Youths With Free Real Estate Training

7 hours ago

The company made remarkable financial advancements in the quarter, highlighted by substantial increases in key performance metrics. Remarkable boosts were seen in Insurance Contract Revenue (36.54 per cent), Insurance Service Result (57.00 per cent), and Net Investment Income (44.51 per cent).

The transformation of Profit/(Loss) Before and After Income Tax was especially striking, showing an impressive turnaround from loss to profit by 132.2 per cent and 125.96 per cent, respectively.

These positive outcomes, according to the firm’s MD, were largely driven by effective cost-saving strategies and enhancements in operational efficiency that in turn, accentuated the company’s impressive resurgence and its resolute drive to establish itself as the preferred insurance provider.

The regulatory approval, he said, demonstrates Guinea Insurance Plc dedication to its stakeholders and its unwavering pursuit of sustainable growth, while remaining attentive to industry trends.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Insurance
SendShareTweetShare
Previous Post

Pre-Olympic Qualifying Tournament: NBBF Blames Paucity Of Funds For D’Tigers Ouster

Next Post

Niger Coup: Adopt Diplomacy, Not Military Intervention, ECOWAS Told

Zaka Khaliq

Zaka Khaliq

You May Like

NNPCL Retail Sanctions Staff Over Attempt To Cheat Customer In Lagos
Business

NNPCL Retail Sanctions Staff Over Attempt To Cheat Customer In Lagos

2025/08/08
Geofort Africa Empowers Youths With Free Real Estate Training
Business

Geofort Africa Empowers Youths With Free Real Estate Training

2025/08/08
Naira Swap: Sterling Bank Sets Record Straight On N258m ‘Discovery’
Business

Sterling Bank Names First Beneficiaries Of ₦2bn ‘Beyond Education’ Fund

2025/08/08
Finance Act, PIA: Accountant General Moves To Stop Revenue Leakages
Business

Federal Gov’t Pays Second Tranche Of Wage Award Arrears

2025/08/08
Abuja Investments Company Limited Launches Automated System
Business

Abuja To Host Over 500 Global Investors At 2025 Business Investment Expo

2025/08/08
Bear Resurfaces As Equities Investors Lose N639bn
Business

Reforms Fuel Insurance Stock Rally

2025/08/08
Leadership Conference advertisement

LATEST

NERC Chairman-designate Ramat Resumes Without Senate Confirmation

Gunmen Abduct 9 Passengers In Kogi

Airstrikes Kill Scores Of Terrorists In Zamfara Wedding Ceremony

Jonathan Is PDP’s Best Bet For 2027 — Lamido

PICTORIAL: Remi Tinubu Visits Ex-First Lady Aisha Buhari In Kaduna

BBNaija 10: ‘I’m Not 21,’ Koyin Reveals Real Age

BBNaija10: Men Sleep In Sultana’s Bed — Victory

Oyo Gov’t Denies False Pension Verification Notice

JUST-IN: Police Release Activist Omoyele Sowore From Detention

Late Olubadan, Oba Olakulehin, Laid To Rest

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.