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Zenith Bank raises N350.4 billion in Nigeria, plans expansion into Africa and Europe.
Zenith Bank Plc has raised N350.4 billion through a recent Rights Issue and Public Offer, securing regulatory approval from Nigerian financial authorities.
The offer was heavily subscribed, with the public offer at 160.47% and the rights issue at 100.18%.
The funds will boost the bank's capital to N614.65 billion, exceeding regulatory requirements, and will be used for expansion into Africa and Europe, technology investment, and other growth initiatives.
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Zenith Bank recauda 350.400 millones de N en Nigeria, planea expansión hacia África y Europa.