Great Nigerian Insurance Plc commences N15.6bn rights issue

AI Summary

Great Nigerian Insurance Plc has received approval from the Nigerian Securities and Exchange Commission to proceed with a rights issue valued at N15.6 billion. The company is offering six new shares for every seven existing shares at a price of N2.60 each.

Great Nigerian Insurance Plc has received approval from the Securities and Exchange Commission to proceed with its proposed rights issue of 6,000,000,000 ordinary shares of 50 Kobo each at N2.60 per share. The rights issue, valued at N15.6 billion, is being offered on the basis of six new ordinary shares for every seven existing ordinary […] The post Great Nigerian Insurance Plc commences N15.6bn rights issue appeared first on Nairametrics.