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Business

Shareholders urge GNI to hold AGM

Shareholders in Great Nigeria Insurance (GNI) Plc yesterday expressed worry over the inability of the company to hold its 2014 and 2015 Annual General Meetings (AGM). The President, Constance Shareholders’ Association of Nigeria, Mr Shehu Mikail, told newsmen in Lagos that failure to hold the
Capital Market

Great Nigeria Insurance relinquishes majority stake worth N3.24 billion to IRCSL

Great Nigeria Insurance (GNI) Plc has announced the crossing of 2.87 billion units representing 75 percent equity shareholding of Great Nigeria Insurance by Wema Asset Management Ltd to Insurance Resourcery Consultancy Services Ltd (IRCSL). According to GNI, the cross deal marks the closure of the acquisition process that started in 2011. The acquisition was initiated as