Guinea Insurance, Regency Alliance, The Initiates list 8 billion new shares worth N17.13 billion on NGX
Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc listed a combined 8.00 billion additional shares valued at approximately N17.13 billion at their respective offer prices on the Nigerian Exchange (NGX) between September 28 and 30, 2026. The post Guinea Insurance, Regency Alliance, The Initiates list 8 billion new shares worth N17.13 billion on NGX appeared first on…
Three Nigerian insurance companies - Guinea Insurance Plc, Regency Alliance Insurance Plc, and The Initiates Plc - added a total of 8 billion new shares valued at approximately N17.13 billion to the Nigerian Exchange (NGX) between September 28 and 30, 2026. These additional shares came from a mix of Rights Issues, Private Placements, and a Public Offer, as reported in the NGX Daily Official List.
The listings by the three companies reflect the ongoing trend of capital raising and expansion in the Nigerian capital market. Out of the 8 billion shares, Guinea Insurance and Regency Alliance contributed the majority by volume, while The Initiates had the largest transaction by offer-price value. The new listings come in response to the revised minimum capital thresholds set by the Nigerian Insurance Industry Reform Act 2025, which set life insurers' capital requirements at N10 billion and non-life insurers at N15 billion.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
