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Nigeria's leading finance and market intelligence news report.

AIICO insurance responds to new rules, plans N25bn capital raise

Underwriting firm, AIICO Insurance Plc has announced plans to raise additional N25 billion through private placement, to enable it play in higher tier capital level in the nation’s insurance industry. The insurer through a notice to the Nigerian Stock Exchange on Friday informed the country’s bourse of a proposed Extra Ordinary General Meeting (EGM) for…

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