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Home Companies Company News

Why AIICO reduced its number of outstanding shares

Nairametrics by Nairametrics
April 6, 2015
in Company News
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A total of 1,870,000,000 ordinary shares belonging to AIICO Insurance Plc were cancelled as a result of the Internal Corporate Restructuring/Consolidation of AIICO Insurance Plc, AIICO General Insurance Company Limited and AIICO Asset Management Company Limited bringing the issued and fully paid ordinary shares of the Company to 6,930,204,480.

 

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Recent News

  • Tinubu announces $465 million investment proposal to revive Aluminium Smelter Company of Nigeria 
  • FEC approves seven-year ban on establishment of new federal tertiary institutions in Nigeria 
  • FG decries Nigeria’s 90% steel import dependence, vows revival of Ajaokuta Steel Company 

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Recent News

AfriGO announces a groundbreaking “First” – Upgraded AfriGO settlement process for instant credit to POS Merchants

Tinubu announces $465 million investment proposal to revive Aluminium Smelter Company of Nigeria 

August 13, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June

FEC approves seven-year ban on establishment of new federal tertiary institutions in Nigeria 

August 13, 2025
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