International Energy Insurance Clears Daewoo Debt, Paves Way for N15bn Recapitalization

International Energy Insurance Plc has officially announced the full repayment of its outstanding loan facility to Daewoo Nigeria Limited. The repayment marks a significant milestone in the company’s financial restructuring efforts and reflects its commitment to restoring investor confidence and operational stability.

According to the disclosure filed with the Nigerian Exchange, the loan settlement was finalized in August 2025, following a series of strategic financial maneuvers aimed at strengthening the insurer’s balance sheet. The company emphasized that the repayment aligns with its broader corporate actions to streamline liabilities and reposition itself for sustainable growth.

This development is expected to positively impact International Energy Insurance Plc’s credit profile and market perception, especially as it continues to navigate the evolving regulatory and economic landscape of Nigeria’s insurance sector. You can view the official document on the Nigerian – Nigerian Exchange Limited portal.