Sanlam, Allianz Finalise Merger Talks For Nigerian Operations
In a strategic move poised to reshape Nigeria’s insurance landscape, global financial services leaders Sanlam and Allianz Nigeria have concluded merger discussions, setting the stage for the formal unification of their Nigerian operations. Both firms confirmed the development in a joint communication, highlighting ongoing coordinated digital campaigns that signpost their readiness to deepen integration under […]
Read MoreFitch: Tier-3 Banks May Face Mergers, or Licence Downgrades
Fitch Ratings has cautioned that Union Bank of Nigeria (UBN) and other tier-3 banks in the country may be forced into mergers, acquisitions, or licence downgrades due to their struggles in meeting the Central Bank of Nigeria’s (CBN) new paid-in capital requirements. Also read: How Investor Relations Can Boost Trust Amid Nigeria’s Banking Shake-Up In […]
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