Enterprise Life strengthens capital base to N18bn
Enterprise Life Assurance Nigeria Limited has raised its paid-up share capital to over N18.7bn, exceeding regulatory minimums and positioning for growth. Read More: https://punchng.com/enterprise-life-strengthens-capital-base-to-n18bn/
Enterprise Life Assurance Nigeria Limited has successfully raised its paid-up share capital to over N18.7bn, surpassing the N10bn regulatory minimum set by the National Insurance Commission. This significant milestone positions the insurer to underwrite larger risks and deepen digital penetration across Nigeria's underinsured market.
The company's Managing Director and CEO, Nelson Akerele, emphasized that the additional capital enables Enterprise Life to write larger risks, expand into new markets, and accelerate technology-led insurance offerings targeted at Nigeria's untapped middle-class and mass-market segments.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
