FBN Holdings moves to raise N300bn through private placement, rights issue

First Bank Nigeria (FBN) Holdings has announced plans to sell shares to private investors and existing shareholders to raise N300 billion.

This was contained in a notice sent to the Nigerian Xchange (NGX) on Monday.

The company noted that it would hold an Extraordinary General Meeting (EGM) on April 30 to deliberate on the proposal to raise funds.

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