Nicon Group of Companies
 
 
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Nicon Group of Companies
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Founded in 1969 as a wholly-owned government corporation to underwrite its assets and parastatals, NICON was privatized in the wake of the Federal Government's privatization programme with Assurance Acquisition Nigeria Limited emerging new majority shareholder with 70% equity. The company has over 57 branches, the largest by any insurance company in Africa and controls 40 per cent of the insurance market in Nigeria