Tag Archives: Zenith Bank has cancelled its plans to raise N100 billion ($318 million)

March, 2017

• 26 March

  Real Reason Zenith Bank stands down decision to raise N100 billion fresh funds

  

  Zenith Bank has cancelled its plans to raise N100 billion ($318 million) through the sales of bonds and shares, due to the country’s weak capital markets and the struggling economy. “The request for shareholders’ approval to raise fresh capital has been withdrawn,” said Michael Anyimah, Zenith’s head of investor relations. He added that the bank had strong buffers to support ...

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