-
JenneteUgo Anya
- December 6, 2024
Champion Breweries Gets Shareholder Nod For Capital Raise
Champion Breweries Plc has received shareholder approval to issue up to 1,579,058,099 ordinary shares as part of its strategy to meet Nigerian Exchange Ltd. (NGX) free float requirements and drive its expansion goals. At the company’s Extraordinary General Meeting (EGM) recently held in Lagos, the Chairman of the Board, Mr. Imo-Abasi Jacob, outlined the rationale […]
Read More
-
- November 29, 2024
FCMB Group To Seek Board Approval For N340bn Capital Raise
FCMB Group Plc has announced plans to seek approval from its board to raise ₦340 billion at its upcoming Annual General Meeting (AGM), slated for December 19, 2024. This new capital raise far surpasses the previously approved ₦150 billion and aligns with the Central Bank of Nigeria’s (CBN) recent directive on recapitalisation. The announcement, signed […]
Read More
-
- September 2, 2024
African Banks Invest N575.62bn To Boost MSMEs, Retail Sectors
Several leading banks in Africa are set to invest N575.62 billion to support micro, small and medium sized enterprises (MSMEs) across the continent. This move is part of their effort to meet new capital requirements set by the Central Bank of Nigeria (CBN). Access Holdings, Fidelity Bank, Guaranty Trust Holding (GTCO), FCMB Group, and Zenith […]
Read More
-
- August 23, 2024
Access Holdings’ N351b Rights Issue Poised To Profit Investors
In a bold move to bolster its financial position, Access Holdings Plc, one of Nigeria’s most prominent financial institutions, has launched a N351 billion rights issue, marking a significant step in its ongoing capital raising programme. The rights issue is part of a broader $1.5 billion capital raising initiative, which the company plans to execute […]
Read More
-
- August 1, 2024
FCMB Launches N110bn Public Offer To Strengthen Capital Base
First City Monument Bank (FCMB) Limited Group has initiated a public offer to raise N110 billion, issuing 15,197,282,219 ordinary shares at N7.30 per share. This capital raise is part of a broader strategy to meet the Central Bank of Nigeria’s (CBN) new capital requirements for banks, which have significantly increased after almost two decades. The […]
Read More