30 results
- 30 Sept 2024
Prudential Insurance Group Acquires 100% Stake in Prudential Zenith Life
Prudential Insurance Group plc, Global Insurance giant, has acquired 100 percent stake in Prudential Zenith Life Insurance Ltd (PZL). The group had since 2017 acquired 51 percent shares of the…
- 11 Oct 2022
Prudential, Google Cloud Partner to Make Healthcare and Financial Security Accessible Across Africa
Insurance group, Prudential plc (Prudential) and Google Cloud announced a strategic partnership to enhance health and financial inclusion for communities across Africa and Asia. Under this alliance,…
- 24 Oct 2024
Prudential Join Forces with Google Cloud to Pioneer Use of Generative AI for Faster and More Frictionless Medical Claims
Google Cloud and Prudential plc have announced that Prudential is using MedLM, Google’s family of foundation models fine-tuned for healthcare industry use cases, to improve the accuracy and…
- 21 Aug 2024
Prudential Partners with Google Cloud to Build the Future of Insurance with AI
Prudential plc and Google Cloud today announced an expanded strategic partnership to build innovative AI-powered products and applications that will help enhance customer, agent and employee…
- 12 Jul 2017
Insurer Prudential Acquires Zenith Life
British insurer Prudential said it had bought a majority stake in Nigeria's Zenith Life to give it access to the African country's fast-growing insurance market. It said it had also signed a deal…
- 13 Jul 2021
Africa Prudential Delivers Backbone for “Aura By Transcorp Hotels” Hospitality Platform
Africa Prudential has demonstrated its digital capabilities, with the launch of “Aura by Transcorp Hotels”, an innovative commercial cloud-based product launched in the Nigerian market. “Aura by…
- 25 Jul 2017
Africa Prudential Bags Best Registrar Award, Unveils New Corporate ID
Africa Prudential Registrars Plc has been named the Best Registrar Firm in West Africa by Africa-Canada Trade Alliance at the 7th Edition of the West Africa Innovation and Excellence Awards ceremony…
- 31 Jan 2018
Africa Prudential Revolutionises Registrar Services with “Personal Registrar USSD *4018#
Africa Prudential Plc, has unveiled her new USSD code, *4018# tagged “Personal Registrar”, in line with its determination to dominate and redefine the landscape of registrar service delivery in the…
- 28 Jul 2026
Africa Prudential Posts N1.59bn Profit in H1 2026, Reaffirms Digital Growth Strategy
Africa Prudential Plc has reaffirmed its commitment to digital transformation, revenue diversification and sustainable growth after reporting a strong financial performance for the first half of…
- 7 Jan 2021
Prudential Zenith Surpasses Recapitalization Record with N5 Billion
Prudential Zenith Life Insurance has successfully raised its authorised share capital to N5 billion. The figure however, surpassed the new minimum capital requirement of N4 billion by December 31st,…
- 27 Oct 2021
Africa Prudential Moves to Disrupt Technology Space with Business Solution Services
Africa Prudential said that it is creating a growing list of business solutions for corporates across several sectors of Nigeria’s economy as it pushes ahead with its transformation into a digital…
- 8 Oct 2018
Africa Prudential Partners Cooperative Societies on Technology Adoption
Africa Prudential Plc, a leading share registration and investor services firm has partnered with the International Co-operative Alliance-Africa (ICA) to deploy technology solutions for a more…
- 29 Jul 2026
Africa Prudential Unveils Digital Growth Strategy
Africa Prudential Plc has reaffirmed its commitment to sustainable growth and digital transformation after posting another strong half-year financial performance, driven by robust growth in its core…
- 10 May 2026
Africa Prudential Launches Sabivest to Boost Digital Investment Access
Africa Prudential Plc has launched Sabivest, a digital shareholder and investment management application, as part of efforts to deepen access to investment opportunities and enhance transparency in…
- 23 Jan 2016
Prudential, LeapFrog $350m Investment Boosts Nigerian Insurance
Prudential Financial, Inc. (PFI) and LeapFrog Investments announced have launched a $350 million investment partnership to access high-growth markets in Africa. Managed by LeapFrog, the new…
- 13 Jan 2023
CBN says Banking System Remains Resilient
The banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022. The Central Bank of Nigeria…
- 31 May 2026
Nigerian Banks Under Pressure as Bad Loans Hit 8.03% After CBN Policy Shift
Non-performing loans (NPLs) in Nigeria’s banking sector rose to 8.03 per cent in January 2026, exceeding the Central Bank of Nigeria’s (CBN) prudential threshold of five per cent, following the…
- 28 Jul 2016
CBN Orders Banks to Write Off Forex Bad Debts
Central Bank of Nigeria (CBN) has ordered banks to write off all the delinquent loans in line with its Prudential Guidelines for Deposit Money Banks in Ni­geria of July 1, 2010. This followed the…
- 5 Sept 2025
CBN Launches Compliance Department to Oversee Anti-Money Laundering, Cybersecurity
Central Bank of Nigeria (CBN) has announced the establishment of a new compliance department to strengthen oversight of non-prudential risks in the country’s financial sector. In a circular to…
- 8 Aug 2019
Court Jails Abudu, Ex-Bank Chief 2 Years over N195m Fraud
Adetunji Abudu, a former managing director, New Prudential Mortgage Bank Limited has been sentenced to two years’ imprisonment for N195m fraud. The sentence was passed by Justice I.N. Buba of…
- 7 Mar 2016
APR Plc Proposes 43 Kobo Final Dividend
Africa Prudential Registrars (APR) Plc has proposed a final dividend of forty-three (43) Kobo per share to the delight of its shareholders. This final dividend rounds up to 60 Kobo total dividend for…
- 19 Nov 2012
UBA Moves to Monorail Commercial Banking, Holds EGM
United Bank for Africa (UBA) Plc, the Pan-African financial services group has secured the approval of the Securities and Exchange Commission (SEC) to operate as a commercial bank. Subsequently, a…
- 19 Jul 2026
Heritage Bank and Dangerous Politics of Corporate Survival in Nigeria
By Blaise Udunze The Heritage Bank’s banking license was revoked and it was ordered into liquidation on June 3, 2024. This remains one of the most controversial and widely debated events in Nigeria's…
- 12 Apr 2010
CBN Proposes New Loan Provisioning Regimes
The Central Bank of Nigeria (CBN) has proposed new loan provisioning regimes and a framework for collateral adjustments for lost facilities in a bid to adjust to the current economic realities…
- 16 Feb 2026
UBA Unveils Diaspora Platform to Connect Global Africans with Investment, Wealth Opportunities
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has unveiled a diaspora banking and investment platform designed to serve Africans living and working across the world and within the…
- 2 Feb 2025
NAICOM Issues Fresh Annuity Rules to Insurance Firms
The National Insurance Commission has issued fresh regulations on annuity business with effect from February 1, 2025, in a bid to sanitise that segment of the market. An annuity is a contract between…
- 27 Aug 2025
Expiry of Loan Forbearance to Test Nigerian Banks’ Capital Buffers- Fitch
Nigerian banks are facing a potential increase in impaired loans and fresh pressure on their capital buffers as regulators prepare to withdraw systemwide forbearance measures that have underpinned…
- 13 Mar 2026
CBN Orders Banks to Restrict Access to Banking Services for Loan Defaulters
Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit facilities. A large ticket obligor is a borrower (an…
- 2 Nov 2022
Afrinvest Affirms Nigerian Banks as Resilient Despite Economic Downturn
The 2022 Afrinvest Banking Sector Report has revealed that despite daunting economic challenges, commercial banks in the country recorded modest improvement in all regulatory indicators. The report,…
- 11 Jun 2021
CBN Debunks Report on Planned Nationalisation of Unity Bank
The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, Osita Nwanisobi, Acting Director, Corporate…