Nigerian insurer to take up share of Uganda’s NIC $3.3m rights issue
National Insurance Corporation’s headquarters in Kampala. The insurer is seeking to raise Ush8.4 billion ($3.3 million) through a rights issue that Opens on Friday. Picture/FILE
The main shareholder of Uganda’s National Insurance Corporation (NIC) plans to take up its stake in a rights issue that kicks off on Friday.
Industrial and General Insurance Company Limited (IGI) of Nigeria which owns 60 per cent of NIC through Corporate Holdings Limited has said that it intends to take up the rights which it is entitled to.
