Guinea Insurance and Others List 8 Billion Shares on NGX

Guinea Insurance Plc, Regency Alliance Insurance Plc, and The Initiates Plc listed a combined total of 8.00 billion additional shares valued at approximately N17.13 billion on the Nigerian Exchange (NGX) from September 28 to 30, 2026. This listing was detailed in the NGX Daily Official List and resulted from a mix of Rights Issues, Private Placements, and a Public Offer.

Guinea Insurance and Regency Alliance were responsible for the majority of the additional shares by volume, with both companies listing their shares on September 28, while The Initiates completed its listing on September 30. The Initiates recorded the largest transaction by offer-price value, accounting for nearly 59% of the combined N17.13 billion despite contributing only about 14% of the total shares.

These listings are part of a broader trend among companies in the insurance sector responding to the Nigerian Insurance Industry Reform Act 2025, which raised minimum capital requirements for insurers.