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Nigeria: SUNU Assurances targets N9.34bn equity raise to bolster capital base

Nigeria: SUNU Assurances targets N9.34bn equity raise to bolster capital base

Africa Links 24 with Kehinde Akinseinde-Jayeoba
Published on 2026-02-10 22:26:00

SUNU Assurances Nigeria Plc has announced plans to raise up to N9.34 billion through a Rights Issue, as the insurance firm moves to strengthen its capital base and position the business for long-term growth.

The decision was taken at a meeting of the company’s Board of Directors held on Monday, 9 February 2026, in line with the Rules of Nigerian Exchange Limited (NGX) governing listed companies. The Board unanimously approved a series of resolutions authorising the capital raise and…

Read the Full article on Nigerian Tribune

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