The company is equally working on enhancing its liquidity position through conversion of some of its real estate assets
Niger Insurance Plc has informed its esteemed shareholders that the Company’s audited financial statements for the year ended December 31, 2020 is currently awaiting approval from the Board of Directors of the Company for onward submission to its primary regulator, National Insurance Commission (NAICOM).
Read Also: Investment in tech critical to drive insurance growth in Nigeria
“The unintended delay in the submission resulted from the inadvertent delay in concluding the Financial Statements of the Company and the on-going restructuring events in the Company”, the insurance company said in a statement at the Nigerian Stock Exchange signed by TOLG Nominees, Company Secretary.
“While we are optimistic that the Audited Financial Statements will soon be submitted to The Nigerian Stock Exchange once approved by the Board and NAICOM, the Board and Management sincerely apologize for any inconvenience that this delay might have caused its Stakeholders”, according to Niger Insurance.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
