recapitalization

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...

SUBSCRIPTION FOR 9 BILLION SHARES OF GTCO AT N44.50 PER UNIT OPENS Guaranty Trust Holding Company (GTCO) Plc has commenced a public offer to raise N400.5 billion to strengthen its operations, including its banking subsidiary, GTBank Nigeria Limited. This move follows a Central Bank of Nigeria...

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...

RECAPITALIZATION OF NIGERIAN BANKS AND ITS IMPACT ON THE CAPITAL MARKET- ASHON CHAIRMAN: 1. Recapitalization Requirements: - The Central Bank of Nigeria (CBN) announced new capital base requirements for banks, ranging from N200 billion to N500 billion, based on the bank’s authorization...

CAPITALISATION: FIDELITY BANK OPENS N127BN PUBLIC OFFER Fidelity Bank has initiated a public offer and rights issue to raise N127.1 billion to comply with the Central Bank of Nigeria’s new capitalisation requirements. The bank aims to collect N97.5 billion from the public offer and N29.6...

NIGERIAN BANKS SUBMITTING RECAPITALISATION PLANS, CENTRAL BANK SAYS Nigerian banks have started submitting their plans to meet the new minimum capital requirements set by the Central Bank of Nigeria (CBN) to enhance the financial system and support economic growth. This comes after the CBN...