Recapitalization of NICON Insurance

Following the takeover of NICON Insurance by Assurance Acquisition Limited, a subsidiary company of Global Fleet Group of Companies, Barrister Jimoh Ibrahim, the General Manager of the group, has announced the injection of about 4 billion NGN (30.9 million USD) into the company's capital. Thanks to this contribution, NICON, which is due to hire about 2,000 young graduates for its marketing department, will be endowed with all assets to recover its position as a market leader.