Lasaco Assurance To Raise N11.1bn Capital Through Private Placement

Lasaco Assurance Plc is set to raise N11.1 billion fresh capital through a private placement of 9.25 billion ordinary shares of 50k each at 1.20k per share, in a proactive move ahead of the proposed insurance industry recapitalisation exercise. The official signing ceremony was performed by Lasaco Assurance Plc’s board of directors, management team, professional [...]

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