rightsissue

Minority Shareholders Back UBA’s Bold ₦239bn Rights Issue United Bank for Africa Plc (UBA) is currently in the spotlight as minority shareholders rally in support of the bank’s ongoing ₦239.4 billion rights issue. This initiative, launched on November 15, offers 6.84 billion ordinary shares at...

United Bank for Africa (UBA) Announces Proposed Rights Issue for Shareholders On November 5, 2024, United Bank for Africa Plc (UBA) filed an application with the Nigerian Exchange Limited (NGX) to seek approval for a Rights Issue to raise additional capital. The proposal involves offering...

FBN Holdings Plc Rights Issue: Trading Code Activation Announcement Date of Announcement: November 4, 2024 Reference Number: NGXREG/IRD/MB81/24/11/04 Overview of Rights Issue Notification: 1. Rights Issue Activation: Trading License Holders are informed that FBN Holdings Plc has activated...

FBNHoldings Launches N150bn Rights Issue to Strengthen First Bank Detailed Breakdown: FBN Holdings Plc (FBNH) has officially launched a rights issue valued at nearly ₦150 billion to support its flagship subsidiary, First Bank of Nigeria Limited. The new capital injection aims to bolster the...

NIGERIAN BREWERIES’ N599.1BN RIGHTS ISSUE 1. Rights Issue Announcement: Nigerian Breweries Plc is launching a N599.1bn rights issue to reduce its foreign exchange (forex) losses and ease local debt burdens. This was disclosed during the ‘Facts Behind the Rights Issue’ presentation by the...

NIGERIAN BREWERIES N600 BILLION RIGHTS ISSUE AND FX DEBT CHALLENGE: A DETAILED BREAKDOWN The Nigerian Exchange Limited (NGX) recently approved Nigerian Breweries Plc's application to raise N600 billion through a rights issue. This issuance involves offering 22,607,491,232 ordinary shares of 50...

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...

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...

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...

EXCITEMENT AS FIDELITY BANK RIGHTS ISSUE, PUBLIC OFFER OPEN Fidelity Bank Plc has commenced its rights issue and public offer today, June 20, 2024, generating significant excitement among investors on the Nigerian Exchange (NGX) Limited. This follows a record-breaking trading session on...

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...

FIDELITY BANK PROPOSED RIGHTS AND PUBLIC OFFER The company has gotten the approval of SEC to adjust its offer prices downwards as follows: 1. Rights from N10 to N9.25 2. P/Offer: from N10.00 to N9.75. Source: NGX notification of 05/06/2024

STERLING FINANCIAL HOLDCO TO SEEK SHAREHOLDERS ’ APPROVAL FOR N200 BILLION CAPITAL RAISE The Board of Sterling Financial Holdings Company Plc will seek shareholders’ approval at an annual general meeting (AGM) to raise up to N200 billion through various methods of share issuance in the...