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Recapitalisation: Wapic Insurance Wants N5.9bn Capital Raise

Recapitalisation: Wapic Insurance Wants N5.9bn Capital Raise   Wapic Insurance Plc has revealed its plans to raise N5.9bn through a rights issue. This comes after the recent increase in the minimum share capital of insurers by the National Insurance Commission. On May 20, NAICOM issued a circular on...

Quoted Insurance Firms Want N142.13bn Capital Raise

Quoted Insurance Firms Want N142.13bn Capital Raise   Following the recent increase in the minimum share capital of insurers by the National Insurance Commission, insurance firms listed on the Nigerian Stock Exchange need N142.13bn to meet the requirement. The National Insurance Commission on May 20 issued a...