Insurer Prudential enters Nigeria via insurance buy, Zenith Bank deal

Prudential PLC CEO for Africa Matt Lilley. The British insurer has bought a majority stake in Nigeria's Zenith Life to give it access to the African country's fast-growing insurance market. FILE PHOTO | NMG

British insurer Prudential said it had bought a majority stake in Nigeria's Zenith Life to give it access to the African country's fast-growing insurance market.

It said it had also signed a deal with the Nigerian insurer's parent Zenith Bank Plc to sell life and other insurance products via the bank in Nigeria and Ghana.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.