As part of a capital increase project per issue of rights, for a total amount of 5.8 billion naira (approximately $4 million), the insurance company Guinea Insurance Plc has submitted to the Nigerian Exchange Limited (NGX) an application for approval and quotation.

The project to increase Capital by issue of rights is part of the implementation of a resolution aimed at strengthening its capital base in order to meet the requirements increased regulations in the insurance sector in Nigeria.
According to a press release published on January 21, 2026, the operation includes the increase in the minimum share capital of Guinea Insurance, which would go from 4 billion naira, represented by 8 billion shares of 50 ordinary shares Kobo each, at 19 billion naira, corresponding to 38 billion shares ordinary 50 kobo each.
As part of this rights deal, Guinea Insurance is offering $5,295,200 000 ordinary shares of 50 kobo each, at a price of 1.10 naira per share. The The product expected from this transaction is intended to strengthen solvency and financial capacity of the company.
Through this transaction, Guinea Insurance intends to position itself favorably Faced with the new capitalization standards imposed by the regulator Nigerian, while strengthening its financial solidity and its capacity to support the development of its activities.