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CAPITALISATION: BANKS ENLIST WORKERS TO BOOST CAPITAL BASE
Summary:
- Context: To meet Central Bank of Nigeria (CBN) recapitalisation requirements, Deposit Money Banks have mobilized employees to help increase their capital base.
Details:
1. Employee Targets:
- Bank employees have been...
FIDELITY BANK PLANS N26.7BN CAPITAL RAISE
KEY DETAILS:
- Capital Increase: Fidelity Bank has announced plans to raise its issued share capital from N22.6 billion to N26.7 billion by creating up to 8.2 billion additional ordinary shares, each valued at 50 Kobo.
- Corporate Notice: This move...
Access Holdings Plc will open a rights issue of 17,772,612,811 ordinary shares to existing shareholders on Monday, July 8, 2024. The Group Managing Director, Bolaji Agbeje, stated that the rights issue, priced at N19.75 per share on a one-for-two basis, aligns with the company’s strategic plan...
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