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leadership - 6 days ago

Regency Alliance Grows Assets To N21.8bn, Plans Rights Issue Ahead of Recapitalisation

Regency Alliance Insurance Plc s total assets increased by 15.96 per cent to N21.857 bn in the 2024 financial year, compared to N18.848bn in 2023. The board also approved plans for a rights issue and private placement to raise the minimum capital required of N15bn in accordance with the new Insurance Industry Reform Act (NIIRA) 2025. [ ]


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