International Energy Insurance Plc announces N17.5 Billion Public Offer 

International Energy Insurance (IEI) Plc, a Norrenberger company, has announced the commencement of its N17,500,000,000.00 Public Offer, which opens today May 20, 2026, and closes on June 11, 2026. 

This connection follows a ceremonial signing ceremonial held connected May 11, 2026, astatine the 9th Floor, FF Millennium Tower, Lagos, signalling a important milestone successful the company’s recapitalization travel and semipermanent maturation plans. 

Under the presumption of the offer, the institution is making disposable 5,468,750,000 Ordinary Shares of 50 Kobo each astatine a terms of N3.20 per share.

This inaugural is designed to fortify IEI’s presumption wrong the security manufacture and heighten its capableness to present specialized services arsenic a starring wide security provider. 

The superior injection volition supply the indispensable resources to grow the company’s underwriting capabilities and amended its competitory borderline successful the Nigerian fiscal services sector. 

The transaction is being guided by CardinalStone Partners arsenic the Lead Issuing House, with Anchoria Advisory Services, Norrenberger Advisory, and Vetiva Advisory Services Limited serving arsenic Joint Issuing Houses. 

This collaborative effort demonstrates the market’s assurance successful IEI’s revitalized concern exemplary and its committedness to creating semipermanent worth for its share...