Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result

Official: Wema Bank Secures N40billion New Equity

Nairametrics by Nairametrics
October 4, 2013
in Uncategorized
Share on FacebookShare on TwitterShare on Linkedin

The Securities and Exchange Commission (SEC) has approved the allotment of result for the special placing of shares by Wema Bank Plc to raise N40 billion from the capital market.

The bank said SEC approved the 26,667,123,333 ordinary shares of 50 kobo each valued at N40,000,684,999.50 that  were allotted to successful institutional and private investors at N1.50  per share in two tranches. The bank before now has an equity of N1.7billion which includes negative revenue reserves of N4.6billion after setting off N35.3billion in revenue reserve against share premium of N24.7billion.

 

RelatedPosts

Compex Africa: Unveiling Africa’s first online marketplace for business

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

Related

Tags: capital raisingNews Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Half year 2022: Dangote, BUA Cement spend N174 billion on fuel, power amidst rising inflation
    • Quoted companies pass cost to customers, report N5.2 trillion revenues in first half of 2022
    • Nigeria Data Protection Bureau probes UBA, Philips Consulting, for alleged data breach

    Follow us on social media:

    Recent News

    Buy what? Dangote vs BUA Cement

    Half year 2022: Dangote, BUA Cement spend N174 billion on fuel, power amidst rising inflation

    August 16, 2022
    Quoted companies pass cost to customers, report N5.2 trillion revenues in first half of 2022

    Quoted companies pass cost to customers, report N5.2 trillion revenues in first half of 2022

    August 16, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com