Listed
XUSE · NIC
National Insurance Corporation
News items
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NIC Uganda gets $1.12m capital injection as rights issue stalls
NIC Holdings received Ush4.13 billion ($1.12 million) from shareholders for its life assurance subsidiary, while a rights issue approved more than three years ago remains delayed.
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Why Cornerstone is buying NIC
Nigeria's Industrial and General Insurance is selling its 64.95% controlling stake in NIC Holdings to Cornerstone Asset Managers, the firm Simon Mwebaze founded after leaving Old Mutual, pending regulatory approvals.