Nigeria: Shareholders Approve U.S.$500 Million Fresh Capital for Diamond Bank

25 April 2014

Shareholders of Diamond Bank Plc Thursday endorsed the plan by the bank to raise $500 million additional capital in its quest to raise its tier 2 capital by $750 million.

The fund would be raised through a rights issue in the ratio, terms, conditions and dates to be determined by the directors, subject to regulatory approvals.

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