09
JulGuaranty Trust Holding Company Plc (GTCO) has unveiled ambitious plans to raise N400 billion through a public offering on the Nigerian Exchange Limited (NGX). This initiative involves issuing nine (9) billion ordinary shares of 50 kobo each at an offer price of N44.50 per share for a period of 21days. This is aimed at enhancing its capital […]
24
JunFidelity Bank Plc has embarked on a significant capital-raising initiative amounting to N127.1 billion through a combined rights and public offer. This move has garnered enthusiastic support from stakeholders across the financial markets, underscoring the bank’s robust growth trajectory and investor-friendly reputation. The offering includes a rights issue of 3.2 billion ordinary shares priced at N9.25 per[…]
04
JunThe Central Bank of Nigeria (CBN) has revoked Heritage Bank Plc’s banking license immediately, citing persistent financial instability and regulatory breaches. This decision aligns with the CBN’s mandate to uphold a stable financial system in Nigeria, as outlined in Section 12 of the Banks and Other Financial Institutions Act (BOFIA) 2020. Heritage Bank’s poor performance posed a[…]
