Ellah Lakes Plc has announced that its public offer of ₦235 billion has been extended, now closing on December 19, 2025. Initially slated to end on December 5, 2025, the extension comes after a surge of investor interest in the offer.
The offer covers 18.8 billion ordinary shares (50 kobo each) priced at ₦12.50 per share. The company says the extension is “designed to accommodate the growing appetite for the Offer and further underscores the company’s confidence in its long‑term growth strategy.”
Ellah Lakes plans to deploy the capital to scale its operations, boost food security, and deliver long-term value to stakeholders. The firm operates across oil‑palm and cassava cultivation and processing, with plans to expand into livestock farming, forming what it calls a fully integrated agro-industrial platform.
According to Ellah Lakes’ prospectus, before the public offer proceeds, its total assets stood at roughly ₦81 billion, with debt under ₦500 million, meaning the raise could significantly strengthen its balance sheet and capacity for rapid expansion.
Economically, this raise is more than a corporate move; it’s a sign of growing investor confidence in agro‑industrial capital mobilisation, and could help reduce Nigeria’s reliance on imported staples by boosting local production capacity.
