Group News Editor Ejiofor Alike Email Ejiofor.Alike@thisdaylive.com, 08066066268. In the view of the Chief Financial Officer of the firm, Mr Oladeji Oluwatola, some of the probable reasons for this strong investors’ confidence in the firm include; the company’s excellent market leadership status and unwavering commitments to its various stakeholders. AIICO provide life insurance and retirement services as well as risk underwriting to a substantial and diversified client base, which includes corporations, financial institutions, governments and individuals in Nigeria. uLesson has announced that it has closed a $7.5M Series A round. AIICO Insurance Plc paid about N1.7 billion claims within the first 21 days of the COVID-19 lockdown, the Managing Director of the company, Mr Babatunde Fajemirokun has said.. Fajemirokun, in a statement, stated that the claims payment was in fulfilment of their contractual obligations covering claims, benefits, loans, maturity payments. The ratings are valid until October 2021. Commercial paper is a money-market security issued (sold) by large corporations to obtain funds to meet short-term debt obligations (for example, payroll) and is backed only by an issuing bank or company which promises to pay the face amount on the maturity date specified on the note. AIICO INSURANCE PLC AND SUBSIDIARIES Interim Report and Accounts 31 March 2020 Corporate Information (Cont'd) 7. Claims. According to the News Agency of Nigeria, the disclosure was made by the FMDQ Group in a corporate statement issued, sequel to the fulfilment of all regulatory requirements. AIICO Insurance Plc has recorded a 126% subscription of its recently concluded rights issue. You can file for a claim through AIICO insurance online claim form. Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers. A Federal High Court approved the proposed scheme merger between Chemical Allied Products Plc and Portland Paints Plc. Lagos Nigeria, 18 January 2021 – Global Credit Ratings has affirmed the national scale financial strength rating assigned to Custodian Life Assurance Limited of A(NG), with the outlook accorded as Stable. participants. The rating is valid until October 2021. Facebook is … GCR has taken a number of precautionary measures to minimise the likelihood of transmission and impact, while our staff members have been strongly encouraged to work remotely from Founded by Sim Shagaya, uLesson curates personalised, curriculum-relevant content via mobile and PC devices for students in the K-7 to K-12 segment across the continent. AIICO Insurance. Total Nigeria Plc had earlier issued a debut commercial paper, which was aimed at supporting the sector and reactivating the economy. Lagos Isolo 7, Factory Road 203/205, Apapa-Oshodi Expressway Aba, Abia State Isolo, Lagos Tel: +234 805 531 4351 Tel: +234 802 305 4803; +234 805 717 6063 9. The statement said upon approval by the shareholders at the court-ordered meeting, which will be held at 12:00 pm on Thursday, 18 February 2021 at Radisson Blu Hotel, the subjoined resolutions of the Scheme Merger shall be effected. Global Credit Ratings (“GCR”) has accorded the above credit ratings to AIICO Money Market Fund (“AMMF”) based on the following key criteria: Fund profile: AMMF is an open-ended fund, ...Read More. This funding will be deployed to power uLesson’s expansion into Eastern & Southern Africa, as well as secure new talent and build its product development and production infrastructure. This CP was halted by the COVID-19 pandemic. The Chief Financial Officer, Mr. Oladeji Oluwatola, also stated that: The oversubscription is an indication that the demand by existing shareholders for the firm’s stock outweighs the supply, indicating strong investors’ confidence in the firm’s potentials and the willingness by existing shareholders to be part of a promising future. It has acquired the highest quality of learning systems and processes. Niger Insurance Plc posts N311.43 million loss in Q2 2020, AIICO increases authorised share capital to N18 billion, International Breweries Plc raises N165 billion, Rights Issue fully subscribed, Japan’s Ohara Pharmaceutical takes over 20% stake in Fidson Healthcare, Flutterwave, One pipe, and funding raised by Nigerian Tech startups, Griezmann severs ties with Huawei over Uighurs Muslims identification report. This type of issue gives existing shareholders securities called Rights. The health and well-being of our staff members and all our stakeholders is of the utmost AIICO Insurance Plc has released its latest earnings report for the fourth quarter of 2019, which showed generally positive performance. While the rating has recently expired, GCR expects to publicly release the … READ: Flutterwave, One pipe, and funding raised by Nigerian Tech startups. Your email address will not be published. Or be allotted 1 ordinary share of N0.50 each in the share capital of CAP (credited as fully paid) in exchange for every 8 ordinary shares of N0.50 each held in Portland Paints. Read also; Reps Pass Increased 2020 Budget of N10.805 trillion, Approves $5.51 billion New Borrowing Lagos, 15 January 2021 — Global Credit Ratings has upgraded the national scale long term Issuer rating of Ondo State Government of Nigeria to BBB (NG), with the Outlook accorded as Stable.Concurrently, the national scale rating accorded to its Tranche 1 N27bn Bond Issuance was also upgraded to A (NG), with the outlook accorded as stable. AIICO Insurance Plc, a leading insurer in Nigeria has recorded a 126% subscription of its recently concluded rights issue, in what seems to be another giant leap forward in its recapitalization journey. importance to us. AIICO Insurance Plc., he said, is a leading composite insurer in Nigeria, commenced operations in 1963. The 52 week high price is N1.20 and the 52 week low price is N0.60. 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