AXA Mansard has increased its share capital to 18 billion NGN (46.89 million USD). The operation will lead to the issue of bonus shares.
The capital increase is yet to be approved by the shareholders and the competent authorities.
Read also | Nigeria: New capitalization requirements for insurers and reinsurers [4]
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[3] https://www.atlas-mag.net/en/issue/the-year-of-covid-19
[4] https://www.atlas-mag.net/en/article/new-capitalization-requirements-for-nigerian-insurers-and-reinsurers