Linkage Assurance Plans N16bn Capital Raise to Strengthen Balance Sheet

Linkage Assurance Plc has announced plans to raise an additional N16 billion in new capital through a mix of equity options. The company's board of directors has approved this move to strengthen its balance sheet.

The capital raise will involve a combination of private placement, rights issue, and public offer, depending on market conditions and regulatory approvals. The funds raised will be used to increase the company's authorized share capital and will be subject to approval from the Nigerian Exchange and the Securities and Exchange Commission.

Moyosor Adesina, a financial journalist, has been instrumental in simplifying financial data for investors and businesses.