Capital Raise
Finance
Wema Bank Concludes N50 Billion Special Placement, Exceeds Capital Benchmark
Wema Bank Plc has completed the second tranche of its N50 billion Special Placement, which was fully subscribed, further strengthening its capital position...
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Tony Elumelu Boosts UBA Stake with N43.91 Billion Share Acquisition
Tony Elumelu, Chairman of United Bank for Africa (UBA), has significantly increased his ownership in the bank by purchasing shares worth N43.91 billion...
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CBN’s Bold Move: Banking Recapitalization Fuels Nigeria’s $1 Trillion Economic Vision
In a strategic move to propel Nigeria towards its ambitious $1 trillion economic goal, the Central Bank of Nigeria (CBN) has reaffirmed the...
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VFD Group Expands Footprint with Strategic Investments in Mortgage Bank, Loyalty Platform
In a move signaling a robust expansion strategy, VFD Group Plc has announced significant investments in Abbey Mortgage Bank Plc and the burgeoning...