By Elizabeth Adegbesan
Lasaco Assurance Plc has recorded another significant milestone in its ongoing recapitalisation programme, raising N19.3 billion from existing shareholders in its recently concluded Right Issue.
This figure surpasses the intended N18.47 billion subscription level by 4.5 percent.
According to the Company, this milestone reinforces its commitment to meeting the requirements of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and positioning the Company for long-term sustainable growth.
The Company noted that the successful exercise reflects the strong confidence of shareholders and investors in Lasaco Assurance Plc’s strategic direction, financial fundamentals, and long-term growth prospects.
