-
JenneteUgo Anya
- October 28, 2024
FBN Holdings Launches N150bn Rights Issue To Strengthen First Bank’s Growth Strategy
FBN Holdings Plc. (FBNH) has officially launched a N150 billion Rights Issue, offering 5,982,548,799 ordinary shares of 50 kobo each at N25.00 per share. This offer, available to existing shareholders on the basis of one new share for every share held as of October 18, 2024, aims to recapitalise FBNH’s flagship subsidiary, First Bank of […]
Read More
-
- August 14, 2024
SEC Grants Access Holdings Extension On N351bn Rights Issue
The Securities and Exchange Commission (SEC) has approved a 10-day extension for Access Holdings Plc’s N351 billion rights issue, moving the new deadline to August 23, 2024. The extension follows disruptions caused by nationwide protests that affected business operations across Nigeria. The rights issue, initially set to close on August 14, 2024, opened on July […]
Read More
-
- July 30, 2024
Access Holdings Taps Influencers For N350bn Rights Issue
Access Holdings, one of Nigeria’s largest financial services companies, has enlisted social media influencers to promote its substantial N350 billion rights issue. As competition for capital intensifies, Nigerian banks are increasingly shifting from traditional marketing strategies to influencer marketing to drive their public offers. A review of the marketing strategies by Access Holdings, GTCO Holdings, […]
Read More
-
- July 30, 2024
Zenith Bank Set To Raise N290bn In New Capital
Zenith Bank Plc has announced plans to raise approximately N290 billion in fresh capital, exceeding the N230 billion required to comply with the Central Bank of Nigeria’s (CBN) new recapitalisation mandate. The announcement was made during the bank’s rights issue and public offer signing ceremony held on Monday, 29th July, in Lagos. The bank detailed […]
Read More
-
- July 16, 2024
NGX Lists Wema Bank’s Rights Issue Of 8.572bn Shares
The Nigerian Exchange Limited (NGX) has officially listed Wema Bank Plc’s Rights Issue of 8.572 billion ordinary shares on its platform. This listing was detailed in the recent NGX weekly report and marks a significant step in Wema Bank’s recapitalisation efforts. According to the NGX report, the additional shares arose from Wema Bank’s Rights Issue […]
Read More