About Royal Exchange
Royal Exchange is a publicly listed company based in Lagos (Nigeria) founded in 1720. Property and casualty insurance is provided by Royal Exchange. The company has 22 employees. Royal Exchange offers products and services including Asset Management Services and Insurance Solutions. Its focus areas include Insurance Carriers, Property & Casualty and Diversified. Its legal entity is Royal Exchange Plc. Its competitors include SUNU Assurances Nigeria, Guinea Insurance and Staco Insurance.
Company details
Royal Exchange was founded in 1720 and functions as a property and casualty insurance carrier. Operations are centered in Lagos, Nigeria, where coverage for risks such as property damage, liability, and related perils is offered to clients. Services encompass underwriting, claims processing, and policy management within the insurance sector. The company maintains its domain at royalexchangeplc.com, supporting regional business activities in West Africa.
- Headquarters Lagos, Nigeria
- Employees 22
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website royalexchangeplc.com
- Social LinkedIn Facebook
- Legal Name Royal Exchange Plc
- Annual Revenue$853.61 M60.53as on Dec 31, 2025
- Net Profit$851.43 M596.21as on Dec 31, 2025
- EBITDA$103.77 M-54.22as on Dec 31, 2025
- Latest Funding Round$1.34M (USD), Post-IPO
Apr 2024
- Employee Count22
Products & Services of Royal Exchange
Royal Exchange offers a comprehensive portfolio of products and services, including Asset Management Services and Insurance Solutions.
Manages investment portfolios in insurance and other sectors.
Provides financial security through partnerships in insurance hubs.
Funding Insights of Royal Exchange
- Total Rounds 1
- Last Round Post-IPO — $1.34M
- First Round $1.34M
(Apr 2024)
All 1 funding rounds of Royal Exchange with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $1.34M | Post-IPO | – | – | – |
People of Royal Exchange
9 people are tracked at Royal Exchange (9 in leadership); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
Mallam Bashir Tijani Babajo | Group Head, Public Sector, Abuja | Leadership |
Josiah Unuane | Group Head, Audit & Investigation | Leadership |
Wilson O. Okoh-Esene | Group Head, Corporate Communications | Leadership |
Wale Banmore | Group Managing Director | Leadership |
Sheila I. Ezeuko | Company Secretary & Group Head, Legal Services | Leadership |
Emenike Onwutalu | Managing Director, Royal Exchange Healthcare | Leadership |
Benjamin Agili | Managing Director, Royal Exchange General Insurance Company | Leadership |
Donald Nosiri | Group Head, Human Resources | Leadership |
Irene Opara | Managing Director, Royal Exchange Finance Company | Leadership |
Complete people profiles for Royal Exchange
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Royal Exchange
Royal Exchange is a publicly listed company on the NSENG with ticker symbol ROYALEX in Nigeria, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date03 Dec 1990
- Listed onLAG: ROYALEX
- Listed entityRoyal Exchange PLC
- Exchange sectorFinance
- ISINNGROYALEX007
- Share price1.04 NGN · 2026-10-13
- Market capitalisation8,597,366,872.00 NGN
- Price to earnings8.3
- EPS (diluted, trailing year)-0.08 NGN
- Volume (last session)1,386,915
Financials of Royal Exchange
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 853.6M NGN | 851.4M NGN | 103.8M NGN |
| 2024 | 531.8M NGN | 122.3M NGN | 226.7M NGN |
| 2023 | 451.6M NGN | -206.2M NGN | 82.4M NGN |
| 2022 | 316.8M NGN | -543.1M NGN | -164.5M NGN |
| 2021 | 438.8M NGN | -482.8M NGN | 199.2M NGN |
Detailed financial statements for Royal Exchange
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Royal Exchange
2 dated milestones of Royal Exchange across 34 years, from founding to its latest funding, stage changes and deals.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $1.3M.
Competitors of Royal Exchange
Royal Exchange has 3 listed competitors in our database. They include SUNU Assurances Nigeria, Guinea Insurance and Staco Insurance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunuassurancesnigeria.com | 1998 | Lagos, Nigeria | Property and casualty insurance is offered in Nigeria. | |||
| guineainsurance.com | 1948 | Lagos, Nigeria | Diversified property and casualty insurance is offered in Nigeria. | |||
| stacoplc.com | 1994 | Lagos, Nigeria | Property and casualty insurance is provided in Nigeria. |
Detailed competitors of Royal Exchange
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Web traffic of Royal Exchange
The website of Royal Exchange (royalexchangeplc.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▼ 82.3% vs previous month
Websites whose visitors overlap most with Royal Exchange. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
msicredit.com | msicredit.com | 100% | #990,319 | – |
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Related news about Royal Exchange
Complete news archive for Royal Exchange
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Frequently Asked Questions about Royal Exchange
Royal Exchange was founded in 1720 and raised its 1st funding round 304 years after it was founded.
Royal Exchange is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Royal Exchange has 22 employees.
Royal Exchange was founded in 1720 and functions as a property and casualty insurance carrier. Operations are centered in Lagos, Nigeria, where coverage for risks such as property damage, liability, and related perils is offered to clients. Services encompass underwriting, claims processing, and policy management within the insurance sector. The company maintains its domain at royalexchangeplc.com, supporting regional business activities in West Africa.
Royal Exchange's top competitors include SUNU Assurances Nigeria, Guinea Insurance and Staco Insurance.
Royal Exchange offers Asset Management Services and Insurance Solutions.
Yes, Royal Exchange is publicly traded on NSENG under the ticker symbol ROYALEX.
Royal Exchange operates through Royal Exchange Plc.