Recapitalisation race: Top banks target $3bn fund in foreign capital markets
Four of the tier-1 banks in the country, FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc and United Bank for Africa Plc have indicated plans to raise about over $3.03bn (N3.46tn) in fresh capital. This came barely one month after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise.
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