SUNU Assurances Nigeria Plc has secured the approval of its shareholders to embark on a major recapitalisation exercise aimed at raising N9 billion to meet new statutory capital requirements imposed under the Nigerian Insurance Industry Reform Act NIIRA 2025.
At the companys Extraordinary General Meeting EGM held in Lagos, shareholders endorsed multiple resolutions empowering the Board to initiate a capital-raising programme through rights issues, public offers, private placements or a combination of fundraising vehicles.
