International Energy Insurance Plc Announces Public Offer of N17.5 Billion

International Energy Insurance (IEI) Plc, a Norrenberger company, has announced the launch of its N17,500,000,000.00 public offer, which opens today, May 20, 2026, and will close on June 11, 2026.

The offer follows a formal signing ceremony held on May 11, 2026, at the 9th Floor, FF Millennium Tower, Lagos, marking a significant milestone in the company’s recapitalisation journey and long‑term growth plans.

Under the terms of the offer, the company will make available 5,468,750,000 ordinary shares of 50 kobo each at a price of N3.20 per share.

This initiative is intended to strengthen IEI’s position within the insurance industry and enhance its capacity to deliver specialised services as a leading general insurance provider.

The capital injection will provide the resources needed to expand the company’s underwriting capabilities and improve its competitive edge in the Nigerian financial services sector.

The transaction is being guided by CardinalStone Partners as the lead issuing house, with Anchoria Advisory Services, Norrenberger Advisory, and Vetiva Advisory Services Limited serving as joint issuing houses.

This collaborative effort demonstrates market confidence in IEI’s revitalised business model and its commitment to creating long‑term value for shareholders. The professional parties involved bring extensive expertise to ensure the success of the offer and its alignment with regulatory standards.

The public offer gives institutional and retail investors the opportunity to participate in IEI Plc’s next phase of growth, as the Norrenberger company strengthens its capital base and expands its capacity within the insurance sector.

As the company enters this new phase, it remains focused on operational excellence and digital transformation to better serve its growing clientele. Interested investors are encouraged to participate in the offer during the specified window to become part of the growth story as it continues to expand its footprint.

For more information on the public offer and subscription process, interested investors are encouraged to visit or contact any of the issuing houses or their licensed stockbroker.

About International Energy Insurance (IEI) Plc

International Energy Insurance (IEI Plc) is an NGX‑listed general insurance company that offers specialised underwriting solutions in property and casualty and related risks, alongside a wide range of general insurance products. Established in 1969 and headquartered in Lagos, IEI Plc operates as a subsidiary of Norrenberger Financial Group. It is regulated by the National Insurance Commission (NAICOM) under the Nigeria Insurance Industry Reform Act (NIIRA) 2025 and distributes its products exclusively through licensed brokers, targeting three distinct client segments: large corporations, public sector entities, and private individuals.

International Energy Insurance Plc is authorised, licensed and regulated by the National Insurance Commission (NAICOM) (RC.6126).