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 […]

Champion Breweries Plc plans to raise about N12 billion from its shareholders as the company moves to recapitalise its operations and optimise production capacity. Champion Breweries plans to issue 6.30 billion ordinary shares of 50 kobo each through a rights issue to existing shareholders on the basis of seven new […]