UBA Seeks To Raise N157.8bn Through Rights Issue
In its quest to meet the Central Bank of Nigeria’s new capital requirements, the United Bank for Africa (UBA) has declared its intention to raise N157.8 billion by means of a rights
Suggestions
CBN And The $1 Trillion Economy
The Central Bank of Nigeria (CBN) has keyed into the $1 trillion economy envisioned by President Bola Ahmed Tinubu by 2030. And the global management consulting firm, McKinsey and Co. is sanguine
UBA Raises N355.2bn Of N500bn CBN’s Capital Requirement
The United Bank for Africa (UBA) has raised N355.2 billion out of the N500 billion new capital requirement mandated by the Central Bank of Nigeria (CBN). Chairman, UBA Group, Mr Tony Elumelu,
Recapitalisation: Banks In Last Lap To Meet Deadline
With only 15 months left for banks to meet the deadline for the new share capital benchmarks, the Central Bank has warned that the March 2026 deadline will not be shifted. Speaking
Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement
Access Holdings Plc has announced that it has raised a target of N351 billion through its rights issue of 17,772,612,811 Ordinary Shares of 50 Kobo each at N19.75 Kobo per share. The
UBA To Raise N239.4bn Through Rights Issue
United Bank for Africa (UBA) Plc, has announced plans to raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The Rights Issue,
Nigerian Banks Raise N1.27trn In Race For Recapitalisation
Nigerian Banks Secure N1.27 Trillion Amid Recapitalisation Push Nigerian banks have raised N1.27 trillion as part of an ongoing recapitalisation exercise mandated by the Central Bank of Nigeria (CBN). Since the announcement
Banks’ Recapitalisation Drives 44% Surge In Nigeria’s Equity Market
Banks’ Recapitalisation Spurs Market Growth The ongoing banks’ recapitalisation exercise has significantly impacted Nigeria’s equities market, with transactions surging by 44% in the first seven months of 2024. Deals on the Nigerian
Unity, Providus Banks Merger Will Avert Systemic Risks, Boost Financial System – CBN
The Central Bank of Nigeria (CBN) has said the proposed merger between Unity Bank and Providus Bank Limited will help avert systemic risks and boost the stability of Nigeria’s financial system. The
CBN Governor Should Rethink Misaligned Twin Policies Of Capitalisation And Rate Increase – Nze Duru
These are not the best of times for the Nigerian banking industry. This is despite its increasing contribution to the National Gross Domestic Product annually. In 2023, the financial sector contributed a
Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8
Access Holdings Plc will on on Monday, 8 July 2024, begin its N351 billion capital raise through rights issue to shareholders. Prime Business Africa reports that the move is to increase the
Banks’ Re-capitalisation And The Issues At SEC
There is palpable anxiety in the banking industry over delays by the Securities & Exchange Commission (SEC) to approve the issuance of new securities by the banks.
Why Fidelity Bank Began Recapitalisation Before CBN Directive – Executive Director Amuchie
As banks and other financial institutions begin to retool their strategies, in line with the reforms and policies of the Central Bank of Nigeria (CBN), in the banking sector, Stanley Amuchie, Executive
Recapitalisation: Minimise Disruptions To Banking System, Economy, CPPE Urges CBN
CBN has been advised to ensure that the proposed recapitalisation of banks in the country should be done in a manner that would minimise shocks and disruptions to the banking system and
Featured Stories
Whatsapp Channel
Latest News
India-New Zealand Free Trade Agreement to Take Effect on Oct. 20
India and New Zealand’s free trade agreement (FTA) will take
UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has
Top 5 Best-Performing Industrial Goods Stocks In Q1 2026
Shareholders in Nigeria’s industrial goods sector recorded massive returns in
Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market
On Thursday, the official foreign exchange (FX) rate for the
Follow Us