While demographics alone should mean there is plenty of room for growth, the industry’s recent performance has not been sufficient for it to reach the critical mass necessary to improve its image with clients and enhance its capacity to underwrite large risks. According to the Nigerian Insurance Association (NIA), insurance penetration (total...
Among many industry players, private equity (PE) has rapidly developed as an alternate source of funding for Nigeria’s corporations. Initially dominated by development finance institutions (DFIs), the sector is attracting a growing number of private funds both foreign and, increasingly, domestic, thanks to the rapid growth of pension assets. While...
THE COMPANY: Cadbury Nigeria manufactures and markets sugar confectionery, food drinks and food products. The company also processes cocoa and exports cocoa products via its subsidiary Stanmark Cocoa Processing. Cadbury Nigeria holds a 90% stake in Stanmark and obtains 100% of its cocoa requirement from...
A long slump in equities has spurred authorities and market participants to try to deepen and diversify types of market instruments in a more concerted fashion. A first milestone was reached in December 2011, when West Africa’s first exchange-traded fund (ETF) was listed on the Nigerian Stock Exchange (NSE). Succeeding in the exchange’s “five...
Separated from other life insurance by the 2004 Pension Reform Act, group life policies have been the most successful product class driving penetration in recent years and now represent the largest pool of investment assets domestically. With the regulator, the Pensions Commission (PenCom), driving consolidation in the insurance sector in 2012, new...
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