FBN Holdings Announces N150bn Right Issue After Important Upgrade

FBN Holdings Announces N150bn Right Issue After Important Upgrade …C0NTINUE READING HERE >>>

Through a rights offering, First Bank of Nigeria Limited, FBN Holdings Plc has initiated a substantial capital expansionExisting shareholders can subscribe to one new share for every six shares held, priced at N25.00 per shareFBNH Chairman Femi Otedola said the capital raise will strengthen the bank for growth and improved performance

FBN Holdings Plc (FBNH) has started a significant capital raise through a rights issue offering around 6 billion new shares to strengthen First Bank of…

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