The Group Managing Director of FBN Holdings, Nnamdi Okonkwo, has announced plans to bolster Nigeria’s oldest banking group to a N730bn capital base by the first quarter of 2025, surpassing the Central Bank of Nigeria’s (CBN) recapitalization threshold of N500bn.
During the company’s ‘Facts Behind the Rights Issue’ presentation at the Nigerian Exchange Limited (NGX), Okonkwo outlined the Group’s strategic roadmap, beginning with a N150bn rights issue launched on November 4, 2023.
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