The Nigerian Exchange (NGX) has activated trading codes for the rights issues of Guinea Insurance Plc, Lasaco Assurance Plc, and Sunu Assurances Nigeria Plc, signaling a renewed push by insurance firms to strengthen their financial positions. The development allows shareholders and prospective investors to trade these rights on the Exchange within specified offer periods, opening new opportunities for participation in the sector’s recapitalisation drive.
Guinea Insurance Plc has commenced trading in its rights issue, offering 5.295 billion ordinary shares at N1.10 per share. Structured on the basis of two new shares for every three existing shares held as of January 21, 2026, the offer opened on March 25 and will close on May 1, 2026. This move is expected to support the company’s efforts to reinforce its capital structure while giving existing shareholders a chance to increase their stakes.
Similarly, Lasaco Assurance Plc has launched its rights issue, offering 9.236 billion ordinary shares priced at N2.00 per share. The offer is based on five new shares for every six existing shares held as of February 20, 2026. Trading began on April 2 and will run until May 13, 2026, providing investors with a window to take advantage of the company’s expansion and capital enhancement plans.
In the same vein, Sunu Assurances Nigeria Plc has begun trading in its rights issue of 2.075 billion ordinary shares at N4.50 per share. The offer, structured on the basis of five new shares for every fourteen existing shares held as of February 12, 2026, commenced on April 13. Like its peers, the company aims to strengthen its financial base and position itself more competitively within the evolving insurance landscape.
Market analysts say the activation of these rights issues reflects a broader industry trend toward increased capitalisation, driven by regulatory requirements and the need to handle larger, more complex risks. Stronger capital bases are expected to improve insurers’ ability to underwrite major projects, particularly in infrastructure and oil and gas, while also boosting investor confidence in Nigeria’s insurance sector.
source: newtelegraph