Guinea Insurance Plc plans to raise ₦5.3 billion through a rights issue on the Nigerian Exchange (NGX).
Under the offer, shareholders will receive two new shares for every three they currently hold at ₦1.10 per share.
Furthermore, only shareholders recorded on January 21, 2026 can participate in the issue.
Guinea Insurance To Raise ₦5.3B Rights Issue
The company submitted the application through Forte Financial Limited and Mega Equities Limited and now awaits NGX approval.
Once NGX approves, the company’s transfer agents will distribute circulars and communicate the offer timetable to all eligible investors.
This rights issue forms part of Guinea Insurance’s strategic plan to strengthen its capital base.
Regulatory Compliance Under NIIRA 2025
In addition, the company aims to comply with new regulatory minimum capital requirements under NIIRA 2025.
The Nigerian Insurance Industry Reform Act (NIIRA) 2025 became law on July 31, 2025, introducing significant changes.
It raises minimum capital standards and implements a risk-based capital framework for all insurers.
For instance, life insurers must maintain at least ₦10 billion, non-life companies ₦15 billion, and reinsurers ₦35 billion.
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Moreover, NAICOM can require insurers to increase capital or revoke licences for non-compliance.
All firms must meet the new minimum capital requirements by July 30, 2026.
Market Performance And Strategic Impact
Guinea Insurance’s shares have fluctuated significantly over the past year, reflecting market volatility.
The stock opened 2025 at ₦1.33, then rose to ₦1.77 in August before falling to ₦0.96 in December.
Subsequently, it closed at ₦1.30 on January 22, 2026, giving the company a market capitalisation of ₦10.3 billion.
The company currently ranks 110th on NGX and represents approximately 0.01% of the total equity market value.
Overall, this rights issue strengthens Guinea Insurance’s position and aligns the company with regulatory reforms.
Consequently, it boosts investor confidence and prepares the company for future growth.
Industry watchers will follow the issue closely and evaluate its impact on the company’s financial health.
