Nigerian oil services firm Caverton plans to start the process of raising fresh equity by the fourth quarter after its $197 million stock market listing next Tuesday, the company’s chief executive told Reuters on Thursday. Olabode Makanjuola said he wanted to diversify the capital structure from debt, which is currently […]

Nigeria’s Union Bank said on Wednesday it will seek shareholders’ approval in June to raise up to $750 million in medium-term debt instrument. Union Bank has been transforming its image after new investors recapitalised the lender three years ago following a central bank rescue of the institution in 2009.   […]

Julius Berger Nigeria plc, Nigeria’s largest construction company, plans to raise N7.5 billion in new capital as it seeks to boost operations in Africa’s largest economy. The company has authorised the directors “to raise additional capital of up to N7,500,000,000, through the issuance of any form of debt and/or equity […]