Ezeaku Faith .O.
Department of Insurance, School of Financial Studies, Federal Polytechnic, Oko.
Corresponding Author’s email: Ezeakufaith1983@gmail.com
Abstract
This paper examines the implications of the approval to raise N2.1b equity share capital to Royal Exchange insurance company in Nigeria by the commission. It Evaluate its implication to the customers, Insurance Company, competitors and employees. It also reviewed some related literature and made some findings, which include that the equity share approval is not in favour of the company,. We recommend the company should embrace fundamental restructure of the administrative, financial and management apparatus by injecting competent, credible, innovative and specialist personnel to handle the management of the company, to avoid future request for another approval.
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