WorldStage– Key executives and senior officials at Mutual Benefits Assurance Plc have demonstrated strong confidence in the company’s outlook by acquiring substantial blocks of ordinary shares on the Nigerian Exchange (NGX).
Mutual Benefits Assurance Plc is a financial and wealth protection conglomerate in Nigeria, specializing in insurance, risk management, and broader financial services.
Leading the transactions, Managing Director and CEO Olufemi A. Asenuga made a major investment, purchasing 96,001,000 units of ordinary shares between September 7, 2026, and September 11, 2026, at ₦2.92 per share.
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Other top officials of the company also executed significant insider transactions. The include Abayomi Ogunwo (Chief Finance Officer) acquired 48,000,900 units of ordinary shares at ₦2.98 per share, Chika Flora Udu (PA to Chairman) purchased 28,000,250 units of ordinary shares at ₦3.05 per share, Babajide O. Ibitayo (Company Secretary) acquired 21,001,000 units of ordinary shares at ₦2.85 per share, Hakeem Oguntola (Financial Consultant) bought 61,001,000 units at of N2.95k per share.
The share deal notifications officially highlight strong internal alignment with the long-term strategic growth and market direction of Mutual Benefits Assurance Plc.
