Tag: Sanlam pays N25bn for FBNInsurance

Insurance

Sanlam pays N25bn for FBNInsurance

Leave a comment and share Chuks Udo Okonta Nigeria’s FBN Holdings Plc said it sold FBNInsurance Limited to Sanlam for N25 billion ($66 million) and had invested the proceeds as equity into its lending business to boost the bank’s capital ratio. FBN Holdings Chief Executive Officer Urum Kalu Eke, who […]