SUNU Assurances Nigeria Plc has disclosed that its board of directors has approved a plan to raise up to N9.33 billion through a rights issue to existing shareholders.
The decision was announced in a notice filed with the Nigerian Exchange, outlining key resolutions passed at the board meeting held on 9 February 2026, as the company sets its sights on expansion.
According to the notice, the company is authorized to create 2,075,285,714 new ordinary shares of 50 kobo each as part of the capital-raising exercise, subject to regulatory approvals.
