Nigerian Breweries PLC, in its ongoing financial restructuring, has received a crucial lifeline from its parent company, Heineken, which has suspended interest payments on loans to the Nigerian subsidiary.
Nigerian banks are currently intensifying efforts to bolster their capital reserves in response to the Central Bank of Nigeria’s recent announcement on new minimum capital requirements.
The Nigerian Exchange Limited has admitted Wema Bank Plc’s Rights Issue of 8.572 billion ordinary Shares of 50 Kobo each at N4.66 per Share on the Daily Official List of NGX.
The Nigerian Exchange Limited (NGX) has listed Royal Exchange Plc’s rights issue of 3.121 billion ordinary shares of 50 kobo each on its Daily Official List.
Reports reaching Nairametrics suggest that GTCO, one of Nigeria's largest banks, is exploring a capital raise of up to N525 billion.
AB InBev's Nigerian subsidiary, International Breweries, has amassed losses exceeding N200 billion over a span of seven years.
Nigerian companies attracted a whopping sum of $8.57 billion in funding between January and September 2019. In 2019, Nigerian corporate space recorded several forms of capital raise which include series funding, rights issues and so on.
C&I Leasing Plc has launched its plans to raise N3.2 billion in capital through the issuing of rights issue to increase its investment in the marine business. #C&ILEASING
Lafarge Africa Plc said it has raised fresh capital from its existing shareholders through a rights issue that was 100 per cent subscribed.
In view of prevailing market realities, leading pharmaceutical company, Fidson Healthcare Plc has reduced the size and price...
Unilever Nigeria Plc finally released details of its N58.8 billion rights issue on Wednesday, June 28. 2017. The...
