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JenneteUgo Anya
- July 25, 2024
Zenith Bank Seeks NGX’s Approval To List 5.23bn Shares
Zenith Bank Plc has officially approached the Nigerian Exchange Limited (NGX) to secure approval for the listing of 5,232,748,964 new ordinary shares at a price of N36.00 per share. This strategic move aims to raise approximately N188.378 billion via a rights issue, offering existing shareholders one new share for every six held as of the […]
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- July 23, 2024
Stockbrokers Report Surge In Investors’ Interest For Bank Rights Issues, Public Offers
Stockbrokers in the Nigerian capital market are observing a remarkable surge in investors’ interest regarding the ongoing public offerings and rights issues by major banks. This heightened engagement comes as Nigerian banks seek to bolster their capital reserves in response to the Central Bank of Nigeria’s (CBN) new minimum capital requirements. These regulatory measures are […]
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