Di­a­mond Bank to raise $750m fresh cap­i­tal

Daily Trust - - BUSINESS NEWS -

Nigeria’s Di­a­mond Bank said on Wed­nes­day it will seek share­hold­ers’ ap­proval to raise additional cap­i­tal up to $750 mil­lion or its naira equiv­a­lent at its gen­eral meet­ing on April 24.

In a no­tice to share­hold­ers, the bank said a por­tion of the fresh cap­i­tal will come from a rights is­sue to ex­ist­ing share­hold­ers, with­out say­ing how much.

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