Prestige Assurance plans N3.37bn capital raise to meet recapitalisation target

Prestige Assurance Plc

Prestige Assurance Plc has announced plans for a new capital raise of N3.374 billion to enable it meet capitalization requirements of N10 billion set for companies in its category, despite that the industry exercise is currently on hold following a court order. The underwriting company, which had successfully completed a rights issue in the course…

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