Lagos, Nigeria | September 22, 2025
Investment company Nexamont Limited has acquired a 21.4% equity stake in insurance and financial services group, Royal Exchange Plc, in a deal valued at ₦3.6 billion, marking a significant shift in the firm’s ownership structure.
The transaction, which was finalized on the Nigerian Exchange (NGX), saw Nexamont purchase 2.79 billion units of Royal Exchange shares at ₦1.30 per share. Market analysts say the acquisition reflects growing investor confidence in Nigeria’s insurance sector, which has witnessed renewed interest amid regulatory reforms and efforts to deepen penetration.
Royal Exchange Plc, one of Nigeria’s oldest insurance firms with over a century of operations, provides services across general insurance, health insurance, and financial intermediation. The company has been working to restructure its operations and reposition for long-term profitability.
Industry experts note that Nexamont’s entry as a strategic investor is expected to inject fresh capital, enhance corporate governance, and drive new growth initiatives within the group.
The development also comes at a time when insurance companies in Nigeria are under increasing pressure to meet recapitalization requirements set by the National Insurance Commission (NAICOM).
Market watchers believe the acquisition could trigger further consolidation within the industry as investors seek to tap into growth opportunities in the under-penetrated Nigerian insurance market, currently estimated at less than 1% penetration relative to GDP.
