Investor Alert: NAHCO Shareholders Give Approval To Raise N25billion

This follows the authorisation given by the shareholders to the directors to rise up to N25 billion from the market. The approval was given at the 32nd annual general meeting of the company held in Abuja last Friday.

The funds, according to the shareholders,   can be raised through the issuance of corporate bonds or other capital market instruments or in any manner the directors dimmed fit locally or internationally.

In specific terms, the funds would be used to finance NAHCO‘s diversification into power, Free trade Zone and African expansion and other  any projects in line with the   diversification and strategic objectives of the company.

Thisday: Diversification: NAHCO to Raise N25bn Fresh Capital