Business
Staco shareholders fund rises to N3.8 billion
9 years agoStaco Insurance Plc said its shareholders fund grew by 10.33 per cent at the close of business last year. It rose from N3.4 billion in 2015 to N3.8 billion for the year ended December 31, 2016.
Disclosing this to shareholders at the company’s 21st Annual General Meeting in Lagos, Chairman of the company, Prince Samuel Turoti, said the growth represent a positive solvency margin.
