Bank Recapitalization
Stories o Nigerian Bank Recapitalization
Zenith Bank completes Hybrid Offer, reveals N350.46 billion capital raise
Zenith Bank Plc has announced that it has obtained approval from the Central Bank of Nigeria and the Securities and...
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Access Holdings becomes first financial holding company to meet CBN’s N500 billion minimum capital
Access Holdings Plc, the parent company of Access Bank, has secured “full regulatory approval” from the CBN and SEC for...
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FCMB reports 63% pre-tax profit growth for third quarter, amid surge in fees and commissions income
FCMB Group Plc has announced a pre-tax profit of N27.6 billion for the third quarter of 2024, up from N16.9...
Read moreDetailsFCMB Group Plc seeks board approval to raise N340 billion at December AGM, alongside other key resolutions
FCMB Group Plc is seeking approval from its board to raise N340 billion in capital, more than doubling its initial...
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How Bank stocks have performed after their public offers and rights issues
This article explores how banks have fared since the announcement of their public offers and rights issues
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UBA seeks NGX approval for N239 billion rights issue @N35 per share
The United Bank for Africa (UBA) has announced the submission of an application to the Nigerian Exchange (NGX) for the...
Read moreDetailsAccess Holdings reports N209.2 billion profit for the third quarter, with nine-month pre-tax profits up 89.59%.
Access Holdings PLC has released its financial results for the third quarter of 2024, recording a pre-tax profit of N209.2...
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How FBN Holdings plans to utilize its N149 billion Rights Issue
FBN Holdings (FBNH) has announced a substantial rights issue to raise N149.56 billion, strategically structured to enhance the capital base...
Read moreDetailsZenith Bank Plc posts N1 trillion pre-tax profit for nine-month period in 2024, with third quarter profit at N275 billion
Zenith Bank Plc has announced a pre-tax profit of N1 trillion for the nine-month period ending September 30, 2024, including...
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Fidelity Bank reports N81 billion Q3 profit, nine-month pre-tax profit reaches N281 billion
Fidelity Bank has released its financial results for the third quarter of 2024, reporting a pre-tax profit of N81.6 billion,...
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