Its return to profitability owed not so much to revenue growth as to cost cutting, as insurance revenue, its core income source, retreated by 3.2 per cent from the half-year 2025 level to N16.3 billion.

Lasaco Assurance Plc successfully raised N19.3bn in an oversubscribed rights issue, demonstrating strong investor confidence and boosting its financial cap

Its return to profitability owed not so much to revenue growth as to cost cutting, as insurance revenue, its core income source, retreated by 3.2 per cent from the half-year 2025…