Ellah Lakes Plc has opened a ₦235 billion public equity offer to fund its next growth phase and strengthen its position as a major agro-industrial player.

The offer comprises 18.8 billion ordinary shares at ₦12.50 each, running from November 10 to December 5, 2025. It has been approved by the Securities and Exchange Commission, with Rand Merchant Bank as lead issuing house.

The company plans to use the funds to acquire assets of Agro-Allied Resources & Processing Nigeria Ltd (ARPN), upgrade its oil-palm and cassava processing facilities, and scale operations across its agricultural value chain.

The raise is one of the largest in Nigeria’s non-oil sector and reflects growing investor interest in agribusiness. Success of the offer is expected to significantly boost Ellah Lakes’ production capacity and expansion drive. Visit www.jocomms.com for more news.