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Tag: AIICO

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Motor insurance vital safety net for road users – AIICO

AIICO Insurance has stated that third-party motor insurance is not just a legal requirement but also a vital protection for all road users. This comes as the police began nationwide enforcement of the policy on February 1, aiming to reduce the number of uninsured vehicles and ensure financial security in case of accidents. Third-party motor […]

News

AIICO Board approves audited financial statement for 2023

The Board of Directors of AIICO Insurance Plcs announced the approval of the Group’s Audited Financial Statement for the period ended December 31, 2023. This was disclosed in a notice filed by the Company Secretary, Donald KANU with the Nigerian Exchange Limited on Friday. This follows the recent announcement to the investing public and NGX […]

AIICO purchases 5% stake in InfraCredit
Business

AIICO purchases 5% stake in InfraCredit

AIICO Insurance Plc has been admitted as the second private domestic institutional investor in InfraCredit following Leadway Assurance Plc’s initial involvement. The Times revealed that AIICO’s investment equals 5% of the institution’s share capital, according to the press release announcing the move. This strategic move increased InfraCredit’s paid-in capital base to $175.14 million (N148.55 billion), […]