Nigeria’s Top Bank Offers $1 Billion Shares Held by Bridge Firm

🇳🇬 Bloomberg (NG) —

AI Summary

Nigeria's top bank, First HoldCo Plc, plans to raise approximately 1.4 trillion naira (around $1 billion) through a share sale after receiving approval from the Central Bank of Nigeria. This capital raise aims to bolster the lending capacity of the nation's largest lender.

First HoldCo Plc plans to raise about 1.4 trillion naira ($1 billion) through a share sale after the Central Bank of Nigeria gave the nation’s biggest lender approval for the move.

World Markets Deals Nigeria bank share sale Central Bank capital raise finance stock market

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