Royal Exchange Plc
Royal Exchange Plc's Overview
Royal Exchange Plc is a Nigerian financial services group with a rich heritage dating back to 1918 when it commenced operations in Nigeria as Royal Exchange Assurance. The company has evolved into a composite insurer offering a wide range of general insurance, life assurance, healthcare financing, and financial services. It is committed to providing innovative and customer-centric solutions to individuals and businesses across Nigeria, aiming to be a leader in the Nigerian financial services sector by creating value for its stakeholders.
Where is Royal Exchange Plc's Headquarters?
HQ Function
The headquarters serves as the central hub for corporate strategy, group-wide operational management, financial oversight, and regulatory compliance for all its subsidiaries.
Notable Features:
Located in the historically significant New Africa House on Marina, a prime business district in Lagos, placing it at the center of Nigeria's commercial and financial activities.
Work Culture:
The work culture at Royal Exchange Plc's headquarters is likely professional, performance-driven, and focused on customer service, reflecting its long-standing presence in the financial services industry. Emphasis is placed on integrity, teamwork, and innovation.
HQ Significance:
Its strategic location in Lagos, Nigeria's economic nerve center, allows for close proximity to key regulators, corporate clients, and financial markets, facilitating efficient business operations and stakeholder engagement.
Values Reflected in HQ: The headquarters' location and stature reflect Royal Exchange Plc's values of stability, reliability, heritage, and commitment to the Nigerian market.
Location:
Royal Exchange Plc's operations are primarily concentrated within Nigeria, where it serves a nationwide customer base through an extensive network of branches. While its core business is domestic, it engages with international partners for reinsurance, technical expertise, and access to global financial markets to support its Nigerian operations and offer world-class products.
Street Address:
New Africa House, 31 Marina, P.O. Box 112
City:
Lagos
State/Province:
Lagos State
Country:
Nigeria
Royal Exchange Plc's Global Presence
Abuja, FCT, Nigeria
Address: Ground Floor, Phase 1, Federal Secretariat Complex, Shehu Shagari Way, Abuja, FCT
To cater to the significant market in the Federal Capital Territory, provide localized support, and expand the company's reach in Northern Nigeria.
Port Harcourt, Rivers State, Nigeria
Address: 1, Igbodo Street, Old G.R.A, Port Harcourt, Rivers State
To service the unique needs of the oil and gas industry and other businesses in the South-South region of Nigeria, leveraging its strategic location in Port Harcourt.
Ibadan, Oyo State, Nigeria
Address: Broking House (Ground Floor), 1, Alhaji Jimoh Odutola Road, Ibadan, Oyo State
To strengthen market penetration in the Southwest region outside Lagos, offering accessible services to individuals, SMEs, and larger corporations.
Buying Intent Signals for Royal Exchange Plc
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Executive Team of Royal Exchange Plc
As of April 2025, Royal Exchange Plc' leadership includes:
Investors of Royal Exchange Plc
Royal Exchange Plc has been backed by several prominent investors over the years, including:
Executive New Hires/Exits in the Last 12 Months
Royal Exchange Plc experienced a key leadership change in early 2024 with the retirement of its Group Managing Director and the subsequent appointment of an Acting Group Managing Director. Other board-level appointments also occurred.
Departures
New Appointments:
Technology (Tech Stack) used by Royal Exchange Plc
Discover the tools Royal Exchange Plc uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
Royal Exchange Plc Email Formats and Examples
Royal Exchange Plc typically uses a standard corporate email format. The most common structure appears to be the first initial of the first name followed by the last name.
[firstinitial][lastname]@royalexchangeplc.com
Format
oadebayo@royalexchangeplc.com
Example
80%
Success rate
News and media
Nairametrics • March 1, 2024
Royal Exchange Plc appoints Udo Udoma as Non-Executive Director
Royal Exchange Plc announced the appointment of Mr. Udo UDOMA as a Non-Executive Director to its Board, effective March 1, 2024. This appointment aims to strengthen the board's expertise and governance....more
Nigerian Exchange Group (NGX) • February 27, 2024
Royal Exchange Plc Notifies of Retirement of GMD and Appointment of Acting GMD
Royal Exchange Plc officially notified the Nigerian Exchange Limited and the investing public of the retirement of its Group Managing Director, Mr. Olawale Banmore, effective February 26, 2024. Consequently, Mr. Oluyinka Adebayo was appointed as the Acting Group Managing Director....more
Proshare Nigeria • November 28, 2023
Royal Exchange Plc Reports N1.1bn Loss in Q3 2023 Results
Royal Exchange Plc released its Q3 2023 unaudited financial results, reporting a loss after tax of N1.1 billion for the nine months ended September 30, 2023, compared to a profit in the corresponding period of 2022. Gross Written Premium showed growth....more
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