Mutual Benefits Chairman Reduces Stake Through Share Sale

Mutual Benefits Assurance Plc's chairman, Akin Ogunbiyi, has decreased his stake in the company by selling 850,000 shares, representing 5.48% of the company's issued share capital. This move follows a previous sale of shares by Ogunbiyi in early December.

The company's share price has fluctuated recently, with the latest trade closing at N4.29 per unit. Ogunbiyi's divestment is part of ongoing changes in the company's ownership structure.

The company is currently in a close period pending the approval of its financial statements for the fourth quarter of 2025.