Guinea Insurance Plc (GIP) held a signing ceremony for its ₦5.8 billion Rights Issue on 16 March 2026, offering 5,295,200,000 ordinary shares of 50 kobo each at ₦1.10 per share, two new shares for every three held.
Board Chairman Mr. Temitope Borishade called it a pivotal move for operational scaling, innovation, and shareholder value. “This repositions us for improved services to customers and brokers while boosting investment returns,” he said.
Managing Director Mr. Ademola Abidogun stressed growth beyond regulatory compliance: The funds will enhance financial stability, underwriting capacity in key sectors, technology investments, and expansion into retail/SME markets for financial inclusion.
Anchoria Advisory Services’ Group MD Mr. Sam Chidoka, for the lead issuing house, praised GIP’s growth trajectory and urged shareholders to claim rights, with others buying traded rights.
GIP invites participation to fuel its resilient future and stakeholder value.