AGS NEWS – Zenith Bank Plc plans to raise approximately N290bn in fresh capital, exceeding the N230bn required by the Central Bank of Nigeria for recapitalization. The bank announced this at a rights issue and public offer signing ceremony in … Continue reading Zenith Bank to raise N290bn fresh capital
AGS NEWS – The FCMB Group has announced its intention to seek approval from shareholders to raise approximately N150 billion in additional capital. The disclosure was made in the notice of its Annual General Meeting, which was filed with the … Continue reading FCMB plans N150bn capital raise
In a bid to address the financial challenges facing Nigerian electricity companies, estimated at a staggering N2 trillion ($2.5 billion) in capital shortfall, the sector is actively seeking new investors to revitalize an industry struggling to meet the power demands … Continue reading FG announces need for $2.5 billion new capital in power firms
The banking index of the Nigeria Exchange Limited demonstrated a robust performance, recording the highest gain of 6.08 percent week-on-week, leading to a growth of N66 billion in investors’ wealth. Banking stocks experienced significant investor interest during the week, propelling … Continue reading Banking index surges 6% despite capital concerns
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