Thursday, 16 October 2014

Nigeria's Sterling Bank plans to raise up to $320 mln in fresh capital


Nigeria's Sterling Bank said on Thursday it would seek shareholder approval on November 11, to raise up to $200 million in debt or equity.

The mid-tier bank also said it would issue up to 19.8 billion naira ($120.3 mln) worth of shares to a strategic investor via a private placement at 2.65 naira each.

No comments:

Journalists Against Poverty Call for collaboration of regional government in the eradication of Female Genital Mutilation

Regional Coordinator of Journalist Against Poverty, Wale Elekolusi has called for the collaboration of regional government in stamping out ...