Great Nigeria Insurance undertakes ₦15.6 billion Rights Issue for NAICOM recapitalisation compliance

Insurance

Capital Markets

₦15.6B($11M)

Nigeria

2026

Great Nigeria Insurance Plc (GNI Plc) undertook a ₦15.6 billion Rights Issue at 6 billion ordinary shares of 50 kobo at ₦2.60 per share on a 6-for-7 basis to comply with NAICOM's 31 July 2026 recapitalisation deadline and strengthen the insurer's capital base. Advisory Team: Tope Adebayo LP

Ifeoma Ezeribe

Philip Francis

Excellent Epelle

Roqeebat Sulaimon

Oluwanifemi A. Alade