By Favour Nnabugwu
Shareholders of Niger Insurance plc are set to take up their rights in the company’s current capitalisation bid expected to commence in the next few weeks. They said that they would be ready to increase their equity stake in the company when it eventually hit the capital market for its proposed capital raise.

The underwriting firm had recently disclosed plans to embark on a right issue, where it intends to offer about 2,000,000.00 shares at a price yet to be disclosed for its existing shareholders.

A cross session of the shareholders who expressed their optimism in the future of the company, charged the board to look inwards in the new capital raise, rather than looking for investors outside the shores of the country.

According to many of them, including Kehinde Oniwinde and Boniface Okezie, Niger Insurance has a long term goodwill which investors would capitalize on to increase their stake in the company.

“We believe in the future and growth of the company and are prepared to take up our rights because the returns on investment would be huge in the nearest future,” one of the shareholders said.

Managing Director/CEO of Niger Insurance, Dr Justus Clinton Uranta, also positive on future of the economy going forward noted that Niger would continue to strategise in its area of business to ensure that her services remain tops in the industry.

According to him, as market competition continues to get tougher with expectation from customers getting higher by the day, management is challenged to live up to standard in policy decision and implementation. “We are on top of the situation and would deliver on our promises,” he said.