Nigeria: First Inland Bank to Raise N100bn Hybrid Offer

31 December 2007

First Inland Bank has finalised arrangement to return to the capital market to raise N100 billion fresh funds to enable it increase its capital base.

The money, according to the bank which would be raised from a combination of rights issue, public offer and irredeemable non-cumulative preference shares, would be used to enhance the bank's growth strategy.

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