Banks, Others Raise N2.7trn From Capital Market, Says SEC

Banks, Others Raise N2.7trn From Capital Market, Says SEC …C0NTINUE READING HERE >>>

The Securities and Exchange Commission (SEC) has disclosed that banks and other companies raised over N2.7 trillion from the capital market in recent times.

The figure, which includes equity capital, excludes amounts raised by fund managers in the capital market.

Of the total amount, about N1.7 trillion was raised by banks through their recapitalisation exercises, according to the SEC.

The SEC director-general, Dr. Emomotimi Agama, shared these insights during the commission’s…

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