trending Market Intelligence /marketintelligence/en/news-insights/trending/42xdaDjSGVH6CgMTFmK79w2 content esgSubNav
In This List

Nigeria's Wapic Insurance applies for rights issue

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Nigeria's Wapic Insurance applies for rights issue

Wapic Insurance PLC is seeking the Nigerian Stock Exchange's approval for a rights issue of 15,613,194,623 ordinary shares of 50 kobo each to existing shareholders.

The Lagos, Nigeria-based company will offer 7 new ordinary shares for every 6 ordinary shares held, at an issue price of 38 kobo per share. The qualification date for the rights issue was Sept. 19.

As of Sept. 19, US$1 was equivalent to 359.99 Nigerian naira.