ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Capital Market

SUNU Assurances N3.01bn private placement records 100% subscription

Business 360 by Business 360
February 25, 2021
in Capital Market, Finance, News
0
SUNU Assurances N3.01bn private placement records 100% subscription

SUNU Assurances Nigeria Plc said it accomplished a 100 per cent subscription in the private placement exercise it did recently to raise its capital base. Its Managing Director, Samuel Ogbodu, who disclosed this in a statement said the private placement of 3,010,800,000 ordinary shares of 50 kobo each at N1.00 per share, with respect to the private placement memorandum on January 4, 2021, was a huge success.

Samuel Ognodu, Managing Director, SUNU Assurances Nigeria Plc

He said a total of two applications for 3,010,800,000 ordinary shares were received in connection with the private placement and all the two applications for 3,010,800,000 ordinary shares were found to be valid, accepted and processed accordingly.

He noted that the Securities & Exchange Commission had cleared the Basis of Allotment, as the Central Securities Clearing System accounts of successful allottees would be credited with shares allotted by the registrars to the issue, Crescent Registrars Limited. Ogbodu said the company was embarking on the growth phase while it remained committed to its strategic objectives and core values to guide the future and culture of the company.

Earlier, the underwriter had expressed a determination to grow its business consistently over the next five years to become one of Nigeria’s ten largest underwriting companies. Ogbodu revealed the company had witnessed a significant turnaround since the acquisition of former Equity Assurance Plc in 2016.

This image has an empty alt attribute; its file name is SUNU-Assurances-1024x514.jpg

The SUNU Group assists populations, companies and governments in their development and in the realization of their projects, with a turnover of more than 195 billion Fcfa (2019), the SUNU Group is the leader in Life Insurance in the CIMA zone (Inter-African Insurance Markets Conference). The SUNU Group also manages 486 billion CFA francs in assets.

The SUNU Group is present in 15 countries in sub-Saharan Africa and with some 20 subsidiaries and affiliates. It is a pan-African financial services group created in 1998 by Mr. Pathé DIONE with former employees. Today, the SUNU Group accounts for more than 4,042 employees, 24 life and non-life insurance companies, 1 bank, 1 microfinance company, 1 real estate company and 2 health management companies, all spread over fifteen (15) African countries.

Previous Post

Nigeria loses N151.78bn crude oil monthly – NNPC

Next Post

Cryptocurrency: Central Banks under pressure to create digital money’

Business 360

Business 360

Next Post
Cryptocurrency: Central Banks under pressure to create digital money’

Cryptocurrency: Central Banks under pressure to create digital money’

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
COVID-19: Maize Farmers cut down production by 30%

COVID-19: Maize Farmers cut down production by 30%

July 15, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Ethiopian Airlines assures Air Travelers of planned resumption of flight to Kano and Enugu

Ethiopian Airlines Inaugurates a second Aviation Academy Campus in Hawassa

February 7, 2023
Access Bank introduces the “Love is More” campaign for Valentine Season to celebrate its customers.

Access Bank introduces the “Love is More” campaign for Valentine Season to celebrate its customers.

February 7, 2023
NECA predicts business shutdown over naira crisis

NECA predicts business shutdown over naira crisis

February 6, 2023
Hikes in Airfares: NANTA urges government to partner with more indigenous airlines to explore more international routes

Hikes in Airfares: NANTA urges government to partner with more indigenous airlines to explore more international routes

February 6, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

Ethiopian Airlines assures Air Travelers of planned resumption of flight to Kano and Enugu

Ethiopian Airlines Inaugurates a second Aviation Academy Campus in Hawassa

February 7, 2023
Access Bank introduces the “Love is More” campaign for Valentine Season to celebrate its customers.

Access Bank introduces the “Love is More” campaign for Valentine Season to celebrate its customers.

February 7, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!