Guinea Insurance coverage Plc has secured regulatory approval to boost ₦5.8 billion via a rights concern as a part of its technique to strengthen capital adequacy and increase underwriting capability.
In an announcement issued on March 25, 2026, the corporate confirmed that the Securities and Change Fee has authorised the issuance of 5.30 billion peculiar shares of fifty kobo every at ₦1.10 per share.
The provide is structured on the premise of two new shares for each three shares held by current shareholders as of January 21, 2026.
The rights concern opened on March 25, 2026, and is scheduled to shut on Could 1, 2026.
Guinea Insurance coverage acknowledged that the capital increase is designed to strengthen its stability sheet, help enterprise growth, and enhance service supply throughout its operations.
The transfer comes amid ongoing efforts inside Nigeria’s insurance coverage sector to reinforce capital buffers and align with evolving regulatory necessities.
Below the phrases of the provide, shareholders have the choice to take up their rights totally or partially. Unsubscribed rights could also be traded on the Nigerian Change Restricted throughout the provide interval, topic to regulatory situations.
The corporate added that detailed data on the provide, together with procedures for acceptance, renunciation, and cost, has been made accessible via its rights round.
Shareholders have been suggested to seek the advice of their stockbrokers or designated receiving brokers for participation steerage.
Analysts word that the rights concern is anticipated to enhance Guinea Insurance coverage’s capital place and help its progress technique in a aggressive insurance coverage market, the place scale and monetary power stay key efficiency drivers.
The event underscores rising capital-raising actions inside the monetary providers sector as firms place for long-term sustainability and improved market competitiveness.
