International Energy Insurance Plc (IEI) launches a N17.5 billion public offer in Nigeria to strengthen its capital base and expand its underwriting capacity. Multiple outlets report that the move is part of IEI’s broader recapitalisation effort. The process follows a signing ceremony referenced by one report, indicating formalisation of the initiative before the public offer begins. Another report describes the N17.5 billion figure as the company’s target as it intensifies its recapitalisation drive. Together, the accounts indicate the offer is intended to provide additional funding to improve the company’s financial position and capacity to take on more insurance underwriting business. The reports do not provide further details on the offer structure, pricing, timeline, or number of shares. They also do not specify whether the offer is fully or partly underwritten, or how proceeds will be allocated beyond strengthening the capital base and expanding underwriting capacity.