SEC Authorises Sovereign Trust Insurance’s N1.42bn Rights Issue

Published on June 19, 2023
By Dipo Olowookere The Securities and Exchange Commission (SEC) has given the board of Sovereign Trust Insurance (STI) permission to raise N1.42 billion from rights issue. The insurance firm intends to source N1.42 from investors of the company through the sale of 2,841,116,504 stocks at 50 Kobo each. The equities would be issued to shareholders […]
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