Royal Trade Plc has confirmed that Nexamont Firm Restricted has acquired 1.77 billion peculiar shares, representing a 21.4% fairness stake within the firm.
This was disclosed in a notification filed with the Nigerian Trade Restricted (NGX), as required below Rule 17.13(a), Half II of the NGX Rulebook.
The transaction was facilitated by Nova Finance Securities Restricted, appearing as monetary advisers to Nexamont.
In accordance with the assertion
“Royal Trade Plc acquired a letter from Nova Finance Securities Ltd., notifying the corporate that Nexamont has acquired 1,770,499,535 models of peculiar shares by means of the secondary market.”
The acquisition, executed through the secondary market, makes Nexamont a big useful proprietor in considered one of Nigeria’s long-standing monetary providers establishments.
Royal Trade Assurance share value closed the week at N2.04 per share and has risen a whopping 234% within the final one 12 months.
On the present share value, the 1.77 billion shares are value N3.6 billion. The corporate didn’t state the acquisition value.
Earlier this 12 months, in Could 2025, Nairametrics reported that Royal Trade had achieved important buying and selling quantity — N903.5 million — even because the All‑Share Index (ASI) noticed a 0.40% decline.
That spike in buying and selling exercise could have been a precursor to rising investor curiosity within the firm, presumably foreshadowing the share acquisition by Nexamont.
What we learn about Nexamont
Nexamont Firm Restricted was integrated in Nigeria on June 5, 2024, with registration quantity RC-7551053. The corporate is comparatively new and is related to Nzerem Yvonne Chinecherem, listed because the particular person with important management.
The strategic intent behind the acquisition has not but been publicly disclosed, and Nexamont is but to launch an official assertion detailing its plans concerning Royal Trade.
NIIRA 2025: Regulatory Panorama and Insurance coverage Sector Shake‑Ups
The acquisition comes at a time when Nigeria’s insurance coverage business is present process sweeping reforms below the Nigerian Insurance coverage Business Reform Act (NIIRA) 2025, signed into regulation in August.
In accordance with NIIRA 2025, the brand new revised capital necessities present that Life insurance coverage companies should elevate their minimal capital from N2 billion to N10 billion; Non‑life insurers from N3 billion to N15 billion; and Reinsurance firms from N10 billion to N35 billion.
A 12‑month transition interval for present insurers to fulfill these new thresholds.
Analysts are projecting mergers & acquisitions (M&A), strategic fairness injections, asset gross sales and partnerships to assist below‑capitalised insurers comply.
The Nexamont-Royal Trade deal is the most recent in a rising checklist of main performs in Nigeria’s evolving insurance coverage market:
In Could 2025, South Africa’s Sanlam and Germany’s Allianz merged their Nigerian operations to type SanlamAllianz Nigeria—one of the vital important cross-border consolidations in Nigeria’s insurance coverage historical past. (Learn Article)
By July, NAICOM issued operational licences to SanlamAllianz Life and SanlamAllianz Basic Insurance coverage, underscoring regulatory approval of consolidation as a strategic response to NIIRA.
What it is best to know
Royal Trade Plc reported a powerful efficiency for the half-year ended June 2025, with revenue earlier than tax rising 94% to N1.51 billion and earnings up 72% to N1.71 billion.
- Shareholders’ funds grew 32% to N8.24 billion, whereas whole belongings elevated to N11.14 billion.
- The corporate maintained a wholesome stability sheet with diminished liabilities and no new borrowings.
- Earnings per share rose to 37 kobo, and its inventory value surged 72% year-on-year to N1.10.
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