Cornerstone Insurance Plc (NGSE:CORNERST) agreed to acquire 96.68% stake in Fin Insurance Company Ltd from First City Monument Bank Plc (NGSE:FCMB) on July 29, 2014. The transaction is subject to the approval from shareholders of Cornerstone and the regulatory approvals. The transaction has received approval from shareholders of Cornerstone on September 14, 2014.

Cornerstone Insurance Plc (NGSE:CORNERST) completed the acquisition of 96.68% stake in Fin Insurance Company Ltd from First City Monument Bank Plc (NGSE:FCMB) for approximately NGN 3 billion in the six month ended on June 30, 2015.