A financial services and technology platform, Tangerine has officially launched its operations in Nigeria.

The company unveiled its financial services at a media briefing held recently.

Speaking to journalists, Head Life Insurance, Tangerine Nigeria, Livingstone Magorimbo; Head Pensions, Tangerine Nigeria, Dapo Akisanya, and Head Commercial, Tangerine Nigeria, Ibitunde Balogun, spoke about the company and shared the businesses agenda and future growth plans.

In September 2019, Tangerine was established following the acquisition of 100 per cent equity stake in Metropolitan Life Insurance Nigeria by Verod Capital Management, a private equity firm investing in growth companies across Anglophone West Africa.

This was followed by a stream of strategic mergers & acquisitions, notably: The acquisition of ARM Life through Metropolitan Life to establish Tangerine Life Insurance Limited; Verod’s acquisition of Law Union and Rock, one of the leading general insurance companies in the space, which has since been rebranded as Tangerine General Insurance Limited; the acquisition of Assured MFB, a microfinance bank, by Tangerine Life to establish Tangerine Money; and in the pensions space, the acquisition of Pension Fund Administrators (PFA) – AXA Mansard Pension and a minority stake in a significant PFA by Verod.

See also  Firm unveils new feature, raises $670,000 pre-seed funding

AXA Mansard has since been rebranded Tangerine Pensions and the process to merge the two PFAs has commenced. The merger will produce a formidable competitor with wide geographic coverage.

Tangerine Officially Launches in Nigeria, Targets at least 8 African  Countries by 2024

Today, the company is made up of Tangerine Life, Tangerine General, Tangerine Pensions and Tangerine Money.

“They are positioned to be Africa’s preferred one-stop financial solutions provider, leveraging a tech-driven, flexible, high-access platform to drive business across all the financial services segments in Africa to deepen financial inclusion, facilitate wealth creation and protection,” the officials of the company said.

Speaking on the progress they have made since 2019, Akisanya said, “In under two years, we have been able to successfully acquire and rebrand several businesses, firmly establishing Tangerine.

See also  FG, States' debt profile rise to N32.92trn

“We have also made significant strides in repositioning our businesses in readiness for growth by assembling a strong, agile and experienced team that aligns with our strategic thinking.

“In the area of recapitalisation, the Nigerian insurance industry is currently going through a suspended recapitalisation process, which has sought to increase the minimum statutory capital levels for life insurance and general insurance businesses from N2 billion to N8 billion and N3 billion to N10 billion, respectively.”

Also, Magorimbo shared plans to establish Tangerine as the number one financial solutions provider of choice in Africa by driving efficiency, value addition and growth.

271 thoughts on “Tangerine Launches in Nigeria”

  1. Whoa! This blog looks just like my old one!
    It’s on a entirely different subject but it has pretty much the same
    layout and design. Excellent choice of colors!

  2. Thanks for another excellent post. Where else could anybody get that
    kind of information in such a perfect approach of writing?

    I have a presentation subsequent week, and I’m on the look for such information.

  3. I’m really enjoying the design and layout of your site.
    It’s a very easy on the eyes which makes it much more
    pleasant for me to come here and visit more often. Did
    you hire out a designer to create your theme? Excellent work!

  4. Great article! That is the type of info that are supposed to be shared around the net.

    Disgrace on the search engines for not positioning this put up
    upper! Come on over and consult with my site .
    Thanks =)

  5. What’s Taking place i’m new to this, I stumbled upon this I have discovered It positively useful and it has aided me out loads.
    I am hoping to contribute & help other customers like its aided me.
    Good job.

  6. Good day! Would you mind if I share your blog with my facebook group?There’s a lot of folks that I think would reallyappreciate your content. Please let me know.Thanks

  7. I’m not that much of a online reader to be honest but your blogs really nice, keep it
    up! I’ll go ahead and bookmark your website to come back in the future.
    All the best

  8. Great post however I was wondering if you could write a litte moreon this topic? I’d be very thankful if you could elaborate a little bitfurther. Bless you!

  9. I do agree with all of the ideas you have introduced
    on your post. They’re really convincing and will certainly work.
    Still, the posts are very quick for novices. May you please
    extend them a bit from next time? Thanks for the post.

  10. Howdy! I understand this is sort of off-topic however I needed to ask.

    Does managing a well-established website such as yours require
    a massive amount work? I’m completely new to blogging but I do write in my journal daily.
    I’d like to start a blog so I will be able to share my personal experience and views online.
    Please let me know if you have any suggestions or tips for new aspiring
    bloggers. Appreciate it!

  11. May I simply say what a comfort to uncover someone that truly understands what they’re talking about over
    the internet. You definitely know how to bring a problem to light and make
    it important. More and more people really need to check this out and understand this side of your story.
    I was surprised that you’re not more popular since
    you most certainly possess the gift.

  12. Thanks for any other fantastic post. Where else may just anybody get that kind of information in such an ideal means of writing?I have a presentation subsequent week, and I’m at the look for such information.

  13. Nice read, I just passed this onto a friend who was doing a little research on that. And he actually bought me lunch because I found it for him smile Therefore let me rephrase that: Thanks for lunch! “To be 70 years young is sometimes far more cheerful and hopeful than to be 40 years old.” by Oliver Wendell Holmes.

  14. What i don’t realize is in reality how you’re now not really a lot more smartly-preferred than you may be right now. You’re very intelligent. You realize therefore considerably with regards to this topic, produced me in my view imagine it from numerous numerous angles. Its like men and women don’t seem to be involved unless it’s one thing to do with Lady gaga! Your personal stuffs nice. All the time handle it up!

  15. I have not checked in here for a while as I thought it was getting boring, but the last few posts are great quality so I guess I’ll add you back to my daily bloglist. You deserve it my friend 🙂

  16. you are in point of fact a excellent webmaster. The site loading speed is amazing. It sort of feels that you’re doing any distinctive trick. Moreover, The contents are masterwork. you’ve done a magnificent task in this matter!

  17. Good – I should definitely pronounce, impressed with your website. I had no trouble navigating through all tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your customer to communicate. Excellent task.

  18. Some really wonderful info , Gladiola I noticed this. “Nothing can resist the human will that will stake even its existence on its stated purpose.” by Benjamin Disraeli.

  19. Great – I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your customer to communicate. Nice task.

  20. I have been absent for some time, but now I remember why I used to love this blog. Thank you, I will try and check back more often. How frequently you update your web site?

  21. Howdy very cool website!! Guy .. Excellent .. Wonderful .. I’ll bookmark your website and take the feeds additionally…I am happy to search out numerous useful info here in the submit, we want develop more strategies in this regard, thanks for sharing.

  22. You really make it seem so easy with your presentation but I find this topic to
    be really something which I think I would never understand.
    It seems too complicated and extremely broad for me.

    I’m looking forward for your next post, I’ll try to get the
    hang of it! save refuges

  23. fantastic submit, very informative. I’m wondering why the opposite specialists of this sector do not realize this. You must continue your writing. I am confident, you have a great readers’ base already!

  24. I’m amazed, I must say. Seldom do I encounter a blog that’s both educative and interesting, and without a doubt, you have hit the nail on the head. The issue is something that too few men and women are speaking intelligently about. I’m very happy I stumbled across this during my hunt for something concerning this.

  25. This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen

  26. After going over a number of the blog articles on your web site, I seriously like your technique of writing a blog. I saved it to my bookmark site list and will be checking back in the near future. Please check out my web site as well and let me know how you feel.

  27. I truly love your site.. Excellent colors & theme. Did you build this website yourself? Please reply back as I’m wanting to create my very own blog and would love to find out where you got this from or just what the theme is called. Cheers!

  28. Oh my goodness! Impressive article dude! Thank you, However I am having problems with your RSS. I don’t understand why I am unable to join it. Is there anyone else getting identical RSS issues? Anyone that knows the solution can you kindly respond? Thanx!!

  29. An outstanding share! I have just forwarded this onto a co-worker who had been conducting a little homework on this. And he actually ordered me lunch simply because I discovered it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanx for spending some time to discuss this topic here on your blog.

  30. Good day! I could have sworn I’ve visited this web site before but after going through a few of the posts I realized it’s new to me. Anyways, I’m certainly delighted I stumbled upon it and I’ll be bookmarking it and checking back often!

  31. I blog quite often and I seriously thank you for your content. This article has truly peaked my interest. I’m going to take a note of your site and keep checking for new details about once per week. I subscribed to your Feed too.

  32. You’re so cool! I don’t think I’ve truly read a single thing like that before. So great to discover another person with a few unique thoughts on this subject. Seriously.. many thanks for starting this up. This web site is one thing that’s needed on the internet, someone with some originality.

  33. Aw, this was an incredibly good post. Taking a few minutes and actual effort to create a top notch article… but what can I say… I hesitate a whole lot and don’t manage to get anything done.

  34. Your style is really unique in comparison to other people I have read stuff from. Many thanks for posting when you’ve got the opportunity, Guess I’ll just book mark this site.

  35. Aw, this was an exceptionally nice post. Finding the time and actual effort to make a very good article… but what can I say… I put things off a whole lot and don’t seem to get nearly anything done.

  36. Howdy! This article couldn’t be written any better! Looking at this post reminds me of my previous roommate! He always kept preaching about this. I will send this article to him. Fairly certain he’s going to have a good read. Many thanks for sharing!

  37. I was excited to uncover this site. I wanted to thank you for ones time for this fantastic read!! I definitely appreciated every part of it and I have you saved to fav to check out new information on your blog.

  38. I blog often and I seriously thank you for your information. The article has truly peaked my interest. I am going to take a note of your blog and keep checking for new details about once per week. I subscribed to your Feed as well.

  39. Oh my goodness! Awesome article dude! Many thanks, However I am encountering problems with your RSS. I don’t understand why I am unable to join it. Is there anyone else having similar RSS problems? Anyone who knows the solution will you kindly respond? Thanx.

  40. Right here is the right web site for everyone who wishes to understand this topic. You realize so much its almost tough to argue with you (not that I really will need to…HaHa). You definitely put a fresh spin on a subject that has been discussed for many years. Wonderful stuff, just excellent.

  41. An impressive share! I’ve just forwarded this onto a coworker who was conducting a little research on this. And he actually ordered me dinner because I discovered it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending time to discuss this issue here on your web site.

  42. After looking into a few of the blog posts on your blog, I honestly like your way of blogging. I saved it to my bookmark website list and will be checking back soon. Please visit my web site too and tell me your opinion.

  43. Greetings, I believe your site may be having internet browser compatibility issues. When I take a look at your blog in Safari, it looks fine however, when opening in Internet Explorer, it’s got some overlapping issues. I just wanted to give you a quick heads up! Other than that, wonderful blog.

  44. Your style is so unique compared to other folks I have read stuff from. I appreciate you for posting when you have the opportunity, Guess I’ll just book mark this web site.

  45. A motivating discussion is worth comment. I believe that you ought to publish more on this issue, it might not be a taboo matter but generally folks don’t talk about these topics. To the next! All the best!

  46. This is the right webpage for anybody who wishes to find out about this topic. You understand so much its almost tough to argue with you (not that I actually would want to…HaHa). You certainly put a new spin on a subject that’s been discussed for many years. Great stuff, just great.

  47. After looking into a handful of the blog posts on your website, I truly appreciate your technique of blogging. I book-marked it to my bookmark webpage list and will be checking back in the near future. Please check out my web site as well and tell me how you feel.

  48. Hi, I do believe this is a great site. I stumbledupon it 😉 I’m going to revisit yet again since I saved as a favorite it. Money and freedom is the greatest way to change, may you be rich and continue to help others.

  49. Can I simply just say what a relief to discover an individual who truly understands what they’re talking about over the internet. You certainly understand how to bring an issue to light and make it important. A lot more people really need to read this and understand this side of your story. It’s surprising you’re not more popular because you certainly have the gift.

  50. Good day! I could have sworn I’ve been to this blog before but after looking at some of the articles I realized it’s new to me. Anyways, I’m definitely pleased I discovered it and I’ll be book-marking it and checking back regularly.

  51. Hello there! This blog post couldn’t be written any better! Reading through this post reminds me of my previous roommate! He continually kept preaching about this. I’ll send this post to him. Pretty sure he’s going to have a great read. I appreciate you for sharing!

  52. I’m really impressed with your writing skills and also with the layout for your weblog. Is this a paid subject or did you modify it your self? Anyway keep up the nice quality writing, it’s uncommon to see a great blog like this one nowadays. !

  53. You’re so cool! I don’t believe I have read something like this before. So wonderful to find somebody with a few original thoughts on this topic. Really.. many thanks for starting this up. This web site is something that is required on the internet, someone with some originality.

  54. May I just say what a relief to find someone who genuinely understands what they are talking about on the net. You actually understand how to bring an issue to light and make it important. More and more people should check this out and understand this side of the story. It’s surprising you aren’t more popular because you most certainly possess the gift.

  55. I blog often and I genuinely thank you for your information. The article has truly peaked my interest. I will take a note of your website and keep checking for new details about once per week. I opted in for your RSS feed as well.

  56. Aw, this was an incredibly good post. Taking a few minutes and actual effort to create a top notch article… but what can I say… I put things off a lot and never seem to get nearly anything done.

  57. 정말 대단한 글입니다 저는메이저사이트순위에 관한 블로그에 관심이 엄청 좋아 합니다.올해부터 이러한 대단한 전문성이 있는 글을 보는 것은 찾기 힘듭니다

  58. Thank you for any other informative site. The place else could I get that kind of info written in such a perfect approach? I’ve a project that I’m simply now running on, and I’ve been on the look out for such info.

  59. Thank you so much for providing individuals with a very brilliant opportunity to read critical reviews from this site. It really is very enjoyable and jam-packed with a good time for me personally and my office fellow workers to search your site a minimum of three times weekly to study the latest secrets you will have. Not to mention, I am also certainly satisfied with the cool tricks served by you. Certain two points in this posting are in reality the very best we’ve had.

  60. After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.

Leave a Reply

Your email address will not be published. Required fields are marked *