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At ₦3.20K per share
(Opens: 20th May 2026 | Closes: 11th June 2026)

IEI Plc Public Offer

International Energy Insurance Plc invites investors to participate in its Public Offer as part of its recapitalisation strategy to strengthen its financial position and support future growth.

This offer provides an opportunity for individuals and institutions to become shareholders in a growing insurance company positioned for long-term value creation.

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Why invest in IEI PLC?

Financial Recovery, Market Confidence and a 10x Share Price Story

IEI Plc’s recent financial performance reflects a strong turnaround following the acquisition and operational restructuring led by Norrenberger Advisory Partners Limited in 2022. The transition introduced stronger governance oversight, improved capital discipline, and enhanced operational processes, stabilising the Company’s financial position and repositioning it for sustainable growth within the Nigerian insurance industry.

This transformation is reflected in the Company’s financial results. IEI Plc recorded a profit before tax of ₦3.162 billion in 2024, representing a significant increase from ₦931 million in 2023. The sustained profitability demonstrates the effectiveness of the new operating structure and management discipline implemented since the takeover and signals a stronger financial foundation from which the Company can expand its underwriting operations and market presence.

The Company’s progress is also reflected in its market performance. Over the past five years, IEI Plc’s share price has grown more than tenfold, rising from below 50 kobo to over ₦3 per share. This 10x growth reflects renewed investor confidence in the Company’s strategic direction, strengthened governance, and improving financial performance.

Frequently asked questions

1. Why is IEI Plc undertaking this Public Offer?

IEI Plc is raising approximately ₦17.5 billion from the capital market to strengthen its capital base, meet the ₦15 billion minimum capital requirement set by NAICOM, and position the Company for its next phase of growth.

Following the capital raise, shareholders’ funds are expected to increase to about ₦22.5 billion, significantly improving the Company’s underwriting strength and financial stability.

2. How will the proceeds from the offer be used?

The proceeds will primarily support IEI’s strategic growth initiatives, including:

Strengthening underwriting capacity
Increasing net retention levels
Expanding insurance portfolio across key sectors
Upgrading technology infrastructure and Insurtech solutions
Developing innovative insurance products
Expanding distribution channels and partnerships
Branch expansion and head office remodeling

More than 70% of the funds will be used to strengthen underwriting capacity.

3. What new opportunities will this capital create for IEI Plc?

The recapitalisation will enable IEI Plc to:

Participate in larger insurance transactions
Introduce innovative products such as entertainment insurance and telematics-based solutions
Expand distribution channels and market reach
Improve operational efficiency through technology upgrades
Increase insurance penetration across Nigeria