NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Guinea Insurance completes N1.5bn statutory deposit under new insurance reform law

GUINEA Insurance Plc says it has completed payment of the statutory deposit required under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, marking a key milestone in its recapitalisation programme. In a statement signed on Monday by Company Secretary Chinenye Nwankwo, the insurer disclosed that it had remitted the required statutory deposit to the Central […]

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Mar 23, 2026 post

Guinea Insurance launches N5.8bn rights issue to boost capital base, expand market reach

GUINEA Insurance Plc has taken a major step to strengthen its financial position and drive future growth, following the official signing ceremony for its N5.8 billion rights issue held on March 16, 2026, in Lagos. The capital raise involves the issuance of 5.3 billion ordinary shares of 50 kobo each at N1.10 per share, offered […]