capitalraise

STERLING HOLDCO SECURES N75BN CAPITAL INJECTION, SIGNIFYING INVESTOR CONFIDENCE Overview: Yemi Odubiyi, Group CEO of Sterling Financial Holdings Company, announced a successful N75 billion capital raise through a private placement, reflecting strong investor confidence in the company's...

INFINITY TRUST MORTAGE BANK PLANS 50BN CAPITAL RAISE Infinity Trust Mortgage Bank Plc has announced its plan to raise N50 billion through a private placement. This capital increase is part of the bank's strategy to strengthen its capital base and support future growth. The announcement was made...

ZENITH BANK TO RAISE N290BN FRESH CAPITAL 1. Overview of Capital Raise: - Amount to Raise: Zenith Bank plans to raise approximately ₦290 billion. - Purpose: The amount exceeds the ₦230 billion required by the Central Bank of Nigeria (CBN) for recapitalization. 2. Details of the Capital...

SMARTS PRODUCTS TO RAISE N5BN FRESH CAPITAL Smarts Products Nigeria Plc plans to raise N5bn through a combination of equity and debt instruments to strengthen its financial position and support growth. Acting Chairman Adejinle Adeniji announced this at the company’s 59th annual general meeting...

JAIZ BANK PLANS N70BN CAPITAL BASE BY DECEMBER 2024 Jaiz Bank has announced plans to increase its capital base to N70 billion by the end of 2024, reaffirming its commitment to becoming a central hub for Islamic banking in Africa. This information was disclosed by the Chairman of the Board of...

NGX LISTS WEMA BANK’S RIGHTS ISSUE OF 8.572 BILLION SHARES The Nigerian Exchange Limited (NGX) has listed Wema Bank Plc’s Rights Issue of 8.572 billion ordinary shares of 50 Kobo each at N4.66 per share on its Daily Official List. This addition was detailed in the NGX weekly report, as seen by...

ACCESS HOLDINGS EYES N10TN PROFIT BY 2027 Access Holdings Plc has set a target to achieve a profit of N10 trillion by 2027, as announced by Access Bank's CEO, Roosevelt Ogbonna, during the 'Facts Behind the Right Issue Presentation' in Lagos on Tuesday. This ambitious goal highlights the...

GTCO PLANS N400BN CAPITAL RAISE Guaranty Trust Bank Plc (GTCO) announced plans to raise N400.5 billion by issuing 9 billion shares at N44.5 per share. This move aims to support the bank's expansion and innovation strategies. The announcement was made by GTCO's Managing Director, Segun...

GTCO's NOTICE OF PROPOSED OFFERING 1. Notice of Proposed Offering: - Guaranty Trust Holding Company Plc (GTCOPLC) issued a notice under Rule 283 of the Securities & Exchange Commission (SEC) regulations. 2. Preliminary Prospectus: - GTCOPLC has filed a preliminary "red herring"...

INTERNATIONAL BREWERIES OPENS RIGHTS ISSUE TO NON-SHAREHOLDERS International Breweries Plc, part of AB InBev, has allowed non-shareholders to participate in its rights issue. Non-shareholders can acquire traded rights on the Nigerian Exchange through stockbrokers. The company launched a...