Norrenberger Group

Norrenberger Group is a financial services group based in Abuja, Nigeria. It was established in 2017 and offers financial advisory services to individual and corporate clients. According to its website, Norrenberger Group has four subsidiaries: International Energy Insurance Company, Norrenberger Pensions Limited, Norrenberger Advisory Partners Limited, and Norrenberger Asset Management Limited. The group has also received several awards from various organizations in the past three years

Norrenberger Group
IndustryFinance
Founded2017
HeadquartersAbuja, Nigeria
Area served
Nigeria
Key people
Ibrahim Aliyu (Chairman)

Tony Edeh (Group Managing Director/CEO)

(Board Members)

Ngozi Ifeoma Malo

Andrew Nweke

Eniola Adedayo

Nduka Ikeyi
ServicesFinancing

Insurance

Asset management
Number of employees
500
SubsidiariesIEI Insurance Limited

Norrenberger Pensions Limited Norrenberger Advisory Partners Limited Norrenberger Investment and Capital Management Limited

Norrenberger Securities Limited
RatingBBB+ rating by Agusto & Co
Websitehttps://norrenberger.com

Subsidiaries

International Energy Insurance Company

International Energy Insurance Company (IEI) is an insurance company that was acquired by Norrenberger Group in December 2021. The acquisition was approved by the National Insurance Commission (NAICOM), the regulatory body for insurance in Nigeria. Prior to the acquisition, IEI had been facing financial difficulties and regulatory pressure for years. According to BusinessDay, IEI's stock had traded only seven times in four years (2018-2021), it had failed to pay dividends to shareholders, and it had been unable to meet the recapitalization requirements set by NAICOM.

Norrenberger Pensions Limited

Norrenberger Pensions Limited is a Pension Fund Administrator (PFA) that was formerly known as IEI Anchor Pensions. As part of the acquisition deal, Norrenberger Group took over 80 percent of the shares held by IEI in its PFA subsidiary. The name change from IEI Anchor Pensions to Norrenberger Pensions Limited was approved by the National Pension Commission (PENCOM), the regulatory body for pensions in Nigeria, in 2022.

Norrenberger Advisory Partners Limited

Norrenberger Advisory Partners Limited is an investment organization that provides investment banking, capital market, and advisory services to its clients. It is regulated by the Securities and Exchange Commission (SEC), the regulatory body for capital markets in Nigeria.

Norrenberger Asset Management Limited

Norrenberger Asset Management Limited is an asset management company that offers wealth management, portfolio management, and trust services to its clients. It is also regulated by the SEC.

Awards

Norrenberger Group have received the following awards from different organizations:

  • Most Trusted Finance and Investment Brand Award (2020) by Africa Finance Awards
  • The Wealth Product of the Year (2020) by BusinessDay BAFI Awards
  • Best Customer Care Award (2021) by West Africa Innovation Awards
  • Africa's Most Outstanding Financial Solutions Group (2021) by African Business Excellence & Leadership Awards
  • BBB+ rating (2022) by Agusto & Co

This page was last updated at 2023-10-21 20:50 UTC. Update now. View original page.

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