Zenith Bank raises over N350bn in combined rights issue and public offer

Zenith Bank PLC has raised a total of N350.4 Billion through its recently concluded Sybrib issue.

In a statement released to Nigeria (NGX) on Sunday, January 26, 2025, the bank announced that it has received full approval for Central Bank of Nigeria . The hybrid offering fetches 5,234,76444 shares at 50k each at N36.00 each and ordinary shares at 2,767,036 at 50k each at N36.50 each.

The public offering was 160.47% subscribed Rights issue was also 100.18% subscribed with 5,232,7644444444 shares.

Covering development, who cares for you In Zenith Bank’s vision, strategy, and brand. Doing so confirms our commitment to strengthen our capital, increase our competitiveness, and position ourselves for growth and profitability.

“We strongly acknowledge the great and great support of Nigeria and the security and service to change their work, and help them to continue to save the future of those who are affected and affected, and redistribute the growth and development of the economy.”

From the hybrid offering it will be better served to reduce the role of the bank as a leading financial institution in Nigeria. In addition, the investment will facilitate the bank’s expansion into other markets in Africa and Europe, investing in technology and other processes.

The offer, which was opened 1 Change the opportunity to have a market for the Generance Body as it is a real change platform in Nigeria.

Results of the hybrid offering March 2026 Remolatory deadline. Bank Holiday Cash will increase to N614.65 Billion, which is n114.65 billion above the requirement.