Presco Plc has secured shareholder approval to raise up to N250 billion in fresh capital through a Rights Issue, marking a significant step in the company’s growth and expansion plans.
Oil and gas company Eterna Plc has announced that its shareholders have approved a plan to raise up...
Oando Plc has announced plans to raise up to N500 billion, or its foreign currency equivalent, from the Nigerian or international capital markets, subject to shareholder approval.
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has formally launched its $250 million Additional Tier 1 (AT1) capital issuance following shareholder approval at its Extraordinary General Meeting held on May 28, 2025, in Lomé.
The capital increase may be executed via rights issues, private placements, public offerings, or other transaction methods.
The company also plans to increase its issued paid-up share capital from N6.429 billion to N25 billion by creating an additional 37.14 billion ordinary shares, each valued at 50 kobo, which will have equal rights with the existing shares.
The Group will also seek shareholders’ endorsement for the increase of the Company's issued share capital from N9,901,355,390.50 divided into 19,802,710,781 ordinary shares of 50k each to N19,802,710,781.00 divided into 39,605,421,562 ordinary shares
The statement signed by Adewale Arogundade, Ag. Company Secretary noted that further information will be provided in due course, as appropriate.
More than 20 banks in Nigeria will need to raise extra capital within two years to meet the central bank's new threshold.
In a notice to the Nigerian Stock Exchange (NSE) today, AIICO insurance Plc said it is in non...
Dufil Prima, the company behind the popular Indomie noodles, has signalled intentions to raise N40 billion from Nigeria’s...
