rights issue News
Latest articles and news about rights issue on AXL Media.
Latest Articles
- Wema Bank Surpasses N200bn National License Benchmark Following Successful N150bn Rights Issue
Published: Apr 21, 2026
Section: Africa
Wema Bank has exceeded the Central Bank of Nigeria recapitalization requirements by raising its qualifying capital to N264.7bn. The lender achieved this milestone six months ahead...
- VFD Group’s N50.1 Billion Rights Issue Achieves 100% Success as Institutional Investors Eye Stock Liquidity
Published: Mar 18, 2026
Section: Africa
VFD Group has successfully concluded a N50.1 billion capital raise, recording a 100% subscription rate from shareholders. The infusion of "escalation capital" has triggered a 25% s...
- Signature Bank Surpasses Regulatory Recapitalization Threshold With Capital Base Expansion to 52 Billion Naira
Published: Mar 16, 2026
Section: Africa
Signature Bank Limited has successfully increased its capital base to 52 billion naira, exceeding the Central Bank of Nigeria’s mandatory 50 billion naira requirement for regional...
- Champion Breweries Achieves Full NGX Compliance Following Successful Public Offer
Published: Mar 10, 2026
Section: Africa
Champion Breweries Plc has officially met the Nigerian Exchange Limited (NGX) minimum free float requirement of 20%. Following a recently concluded public offer and rights issue, N...
- CBN Confirms 30 Banks Compliant with New Capital Requirements Ahead of March 31 Deadline
Published: Mar 7, 2026
Section: Africa
The Central Bank of Nigeria (CBN) has announced that 30 banks have successfully met the revised minimum capital thresholds under the national recapitalization program. With the fin...