Capital Market

Shareholders set agenda for new Zenith Bank MD

Shareholders of Zenith Bank Plc have urged the incoming Managing Director of the bank, Mr. Peter Amangbo, to do all in his capacity to ensure that the bank remains a top financial institution in the country and beyond. The shareholders, who said this in Lagos on Wednesday at the company’s […]

Nigeria’s Diamond Bank to raise $750 mln fresh capital

Nigeria’s Diamond Bank said on Wednesday it will seek shareholders’ approval to raise additional capital up to $750 million or its naira equivalent at its general meeting on April 24. In a notice to shareholders, the bank said a portion of the fresh capital will come from a rights issue […]

SEPLAT sets minimum orders of N60m, N18m for $500m IPO

•Eyes N330b capitalisation, N700 share price SEPLAT Petroleum Development Company Plc, an indigenous independent oil and gas company, has set a minimum order of between N18 million and N60 million for high networth individual and institutional investors as the upstream oil firm commenced the institutional book building for its global […]