Wema Bank Plc has become the latest Nigerian bank to cross the Central Bank of Nigeria's (CBN) recapitalisation hurdle, as it ...

Nigeria's Wema Bank will target a share placement or a public offer ahead of a forthcoming industry recapitalisation order, after raising 40 billion naira ($50.7 million) this month, its executive ...

Shares in Nigeria’s mid-sized lender Fidelity Bank Plc fell by the most in more than a month after it announced advisors for the sale of fresh equity to meet new capital threshold set by the ...

There followed an accelerated bidding process that also involved Nigeria’s Diamond Bank and a London private equity firm, as well as Ecobank. Nevertheless, the SEC was able to give its blessing to the ...

Nigeria's First Bank is in early talks with a big Chinese lender about a possible equity deal, the bank's chief executive said on Wednesday.

Nigeria has contributed its $6.1million equity of the $5 billion African Energy Bank (AEB) of the African Petroleum Producers’ Organization (APPO). The payment, according to the Minister of ...

The Nigerian equity market rebounded on Monday with a gain of N369bn as the All-Share Index rose by 0.56 per cent to close at 105,551.39 points, reversing the losses recorded in the previous week ...

With the exception of the move into Nigeria that may require a cash injection, the 10-nation expansion would be funded from operations, Mwangi said, citing Equity's return on assets of 5.5 percent ...

Nigeria's Wema Bank will target a share placement or a public offer ahead of a forthcoming industry recapitalisation order, after raising 40 billion naira ($50.7 million) this month, its executive ...