Bank Recapitalization
Stories o Nigerian Bank Recapitalization
How FBN Holdings plans to utilize its N149 billion Rights Issue
FBN Holdings (FBNH) has announced a substantial rights issue to raise N149.56 billion, strategically structured to enhance the capital base...
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Recapitalisation: FBN Holdings opens N150 billion Right issue at N25 per share
FBN Holdings Plc has commenced its Rights Issue, offering 5.983 billion ordinary shares at 50 kobo each, priced at N25...
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Stocks continue gains as Fidelity Bank and FCMB’s successful public offers spark bullish market sentiment
The Nigerian All-Share Index (ASI) maintained its upward trajectory on Monday, closing the day with a gain of +138.61 points,...
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Fidelity Bank shares gains over 20% a month after hybrid offer
Fidelity Bank Plc has soared by over 20% on the Nigerian stock market, riding a bullish trend that saw its...
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FCMB completes first phase of capital raise as NGX Invest platform enables 40,000 investors
FCMB Group Plc has praised CBN, SEC, and the NGX for their key support in completing the first phase of...
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GTCO reports N1 trillion pre-tax profit in 6 months, first to hit milestone
GTCO Plc released its second quarter audited financial statements showing a pre-tax profit of N494.5 billion nearly double the same...
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Zenith Bank extends Rights Issue and Public Offer to September 23, blames August nationwide protests
Zenith Bank Plc has extended the deadline for its ongoing Rights Issue and Public Offer by two weeks.
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Nigeria’s economic diversification gains momentum, FCMB leads the non-oil export drive
Nigeria is intensifying efforts to shift its economic focus away from oil dependency, and First City Monument Bank (FCMB) is...
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The strategic benefits of Access holdings’ rights issue for investors
The Central Bank of Nigeria (CBN) on March 28, 2024, announced a two-year bank recapitalisation exercise, which commenced on April 1, 2024, and...
Read moreDetailsFidelity Bank “surpasses target”, raises over N127.1 billion in first phase of recapitalization effort
Fidelity Bank has surpassed the N127.1 billion target set in its combined offer programme, as the bank concludes the programme....
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