Capital Market

Sterling Bank to increase share capital by N4bn

Sterling Bank Plc on Wednesday got the approval of its shareholders to increase the bank’s share capital from N12bn to N16bn with the creation of additional eight billion ordinary shares of 50 kobo each. The shareholders also approved the payment of a dividend of 25 kobo for every share of […]

Nigeria’s Access Bank to Raise $1 Billion for Increased Lending

Access Bank Plc (ACCESS), a Nigerian lender with operations in eight other nations, received shareholder approval to raise $1 billion of capital to finance loans for energy and power projects. The capital may comprise both debt and equity funding, Chief Executive Officer Herbert Wigwe told reporters in Lagos today. He […]

NSE Set for First Ever Corporate Challenge

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) Tuesday said its set to hold its first ever corporate challenge. According to a statement made available to InvestAdvocate by Dante Ibidapo Martins, seniour manager, corporate communication at the Nigeria’s Exchange said the NSE in partnership with key publicly quoted […]