Stanbic IBTC Holdings Plc has commenced the process of seeking regulatory approvals to
establish a wholly-owned Life Insurance subsidiary to be known and referred to as
Stanbic IBTC Insurance Limited.
It said this in a notice signed by Chidi Okezie, Company Secretary of Stanbic IBTC Holdings Plc and released at the Nigerian Stock Exchange (NSE).
READ ALSO: Stanbic IBTC Holdings delivers robust returns to shareholders than peers
The company said the commencement of operations for this proposed subsidiary is subject to receiving all required regulatory approvals, including licensing by the National
Insurance Commission.
“Accordingly, Stanbic IBTC will update the market upon completion of the regulatory approval process as well as licensing of the new subsidiary,” the notice read
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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.
