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TheCable
thecable.ng > universal-insurance-sells-n7bn-stake-to-fpng-co-nvest-to-meet-naicoms-recapitalisation-requirement

Universal Insurance sells N7bn stake to FPNG Co-Nvest to meet NAICOM's recapitalisation requirement

4+ hour, 38+ min ago   (268+ words) Universal Insurance Plc says it has entered into a binding agreement with FPNG Co-Nvest Limited for a N7.12 billion equity investment as it works to meet the National Insurance Commission’s (NAICOM) recapitalisation requirement. The insurer announced the impending deal in a…...