Lasaco Assurance Plc has announced plans to raise N18.47 billion through a rights issue as part of efforts to strengthen its capital base and support future growth.
The disclosure was made during a signing ceremony held on Friday at the company’s head office in Lagos.
The capital raise follows regulatory approvals from the Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC), positioning the insurer to expand its operations in Nigeria’s competitive insurance market.
The disclosure was made during a signing ceremony held on Friday at the company’s head office in Lagos.
The capital raise follows regulatory approvals from the Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC), positioning the insurer to expand its operations in Nigeria’s competitive insurance market.