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Capital Raise
NAICOM Recapitalisation: Universal Insurance Secures ₦7.13B Equity Deal with FPNG, Awaits NAICOM Approval
BY NKECHI NAECHE-ESEZOBOR—Universal Insurance Plc has entered into an investment agreement with FPNG Co-Nvest Limited (FPNG) for an equity capital injection of ₦7.128...
Guinea Insurance Surpasses Minimum Capital Requirement with Successful Capital Raise
BY NKECHI NAECHE-ESEZOBOR—Guinea Insurance Plc has taken a major step toward solidifying its market position after successfully executing a ₦12.6 billion capital raise,...
Dangote Refinery completes landmark $2.5billion private Equity Placement
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has successfully completed a landmark Private Equity Placement that raised approximately US$2.5 billion in new equity,...
LASACO Secures SEC Approval for Share Allotment Ahead of Recapitalisation
BY NKECHI NAECHE-ESEZOBOR—LASACO Assurance Plc has secured the approval of the Securities and Exchange Commission (SEC) for the allotment of 9,236,321,546 ordinary shares...
Regency Alliance Advances Recapitalisation with 7.37 Billion Share Private Placement
Regency Alliance Insurance Plc has signed a Private Placement Agreement as part of its recapitalisation programme aimed at strengthening its capital base and...
Royal Exchange Targets ₦2.7bn Equity Injection in Fresh Capital Raise
BY NKECHI NAECHE-ESEZOBOR—Royal Exchange Plc has unveiled plans to raise up to ₦2.7 billion in fresh equity capital as part of efforts to...
Royal Exchange Plc to Acquire, Recapitalise Royal Exchange Prudential Life
BY NKECHI NAECHE-ESEZOBOR—Royal Exchange Plc has disclosed plans to acquire and recapitalise Royal Exchange Prudential Life as part of a broader strategy to...
Regency Alliance Launches ₦3.04 Billion Rights Issue to Strengthen Capital Base
BY NKECHI NAECJE-ESEZOBOR-Regency Alliance Insurance Plc has officially launched a ₦3.04 billion Rights Issue following the formal signing of its Rights Issue Agreement,...
