Linkage Assurance Sets Out to Raise ₦16bn in Fresh Capital to Strengthen Growth Outlook
Linkage Assurance PLC has commenced a fresh capital-raising drive, seeking to raise ₦16.0 billion as part of a plan to shore up its balance sheet and support growth initiatives.
The request was approved by the company’s board, which has empowered itself to secure the new funds through one or a combination of methods including a private placement, rights issue, or public offering depending on market conditions and regulatory approvals.
To accommodate the planned issuance, Linkage Assurance will raise its authorized share capital. The new shares will rank equally with existing ordinary shares and will be registered with relevant regulators, including the Securities and Exchange Commission (SEC), Corporate Affairs Commission (CAC), and Nigerian Exchange Limited (NGX).
This move comes on the back of a strong top-line performance in recent periods. For the first nine months of 2025, the company posted an insurance revenue of ₦19.299 billion up 17% from the ₦16.43 billion recorded in the same period in 2024.
Total assets rose to ₦71.09 billion as at September 2025, compared with ₦65.68 billion a year earlier.
The capital raise is seen as a strategic step by Linkage Assurance to strengthen its financial base enabling it to meet growing claims obligations, support underwriting capacity, and possibly expand into new product lines. The firm’s board has also been empowered to appoint professional advisers and do whatever is necessary to complete the exercise.
The process remains subject to final regulatory approval before the issuance can be executed.
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