Wema Bank Plc has received approval from the Nigerian Stock Exchange and the Securities and Exchange Commission to raise N35bn through special placing. The bank had earlier announced plans to issue 23.33 billion ordinary shares of 50k each at N1.50 per share, and will thereafter, list the additional shares on […]
Tag: Wema Bank
NSE approves Flour Mills and Cadbury’s Plc Merger; N35b special placing for Wema Bank
The need to maintain transparency in the Nigerian Capital Market cannot be over-emphasized as prescribed in Appendix 111 of the Listing Rules, mandating every listed company to provide the Exchange with timely information to enable it efficiently perform its function of maintaining an orderly market, just as quoted companies on […]
UPDATE 1-Nigeria’s Wema Bank to raise 35 bln naira by end-April
* Wema to become national lender again * Bank was one of nine that nearly collapsed during a crisis (Adds details, background) (Reuters) – Nigerian regional lender Wema Bank said on Thursday it will complete a 35 billion naira ($220 mln) private share placement to strategic investors by the end […]
