Tag
RIGHTS ISSUE
Mr. Sam Onukwue is the Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON) and a Fellow of the Chartered Institute of Stockbrokers (CIS).
Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to N127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public Offer (the “Combined Offer”).
In anticipation of a potential forthcoming rights issue by Wema Bank Plc, the Oyo State Government has allocated a sum of N691.3 million for investment in such an endeavour by the bank.
As part of the resolutions at its Annual General Meeting, the board of Nigerian Breweries Plc has received its shareholders approval for a N600 billion rights issue.
With the listing of the additional 63,342,455 ordinary shares, the total issued and fully paid-up shares of VFD has now increased from 190,027,365 to 253,369,820 ordinary shares of 50 kobo each.
Access Holdings, one of Nigeria's leading financial institutions, has announced plans to raise a staggering N365 billion (Three Hundred and Sixty-Five Billion Naira) through a rights issue.
The Board of Directors of Wema Bank has been authorized to raise capital of up to N40 billion...
AIICO Insurance Plc has recorded a 126% subscription of its recently concluded rights issue.
One of the publicly quoted insurance firms on the NSE, Prestige Assurance Plc, has revised the terms of its proposed rights issue.
SEC has granted approval to the Consolidated Hallmark Insurance to proceed on a Rights Issue and increase its capital base by N1.05 billion.
C&I Leasing Plc has obtained approval of the Securities Exchange Commission (“SEC) to open subscription of a rights issue of N539 million.
Rights issue has dominated quoted companies' capital raise between 2016 and 2019. This is according to data obtained from the SEC.