Recapitalisation Archives

Recapitalisation: UBA shareholders approve bank’s capital raise plan

On: May 26, 2024

May 26, 2024 The United Bank for Africa (UBA) Plc shareholders have unanimously approved the bank’s capital raise drive to meet the new Central Bank of Nigeria’s (CBN) capital base. The shareholders authorised the board of directors of the bank to raise additional capital through the issuance of securities comprisingContinue Reading

20 Pension Fund Administrators meet deadline for N5bn minimum capital – PenCom

By: Gambo Jagindi

On: April 30, 2022

In: NEWS

By Aluta News April 30, 2022 Twenty Pension Fund Administrators (PFAs) met PenCom’s deadline to increase their Minimum Regulatory Capital (shareholders’ fund) from N1 billion to N5 billion by April 27. Pension Commission (PenCom) made the declaration in a statement it issued in Lagos on Friday. The News Agency ofContinue Reading