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Nigeria’s Top Bank Offers $1 Billion Shares Held by Bridge Firm

Bloomberg Markets Monday 03 August 2026, 12:32 UTC By Emele Onu 1 min read
Key Points

Nigeria’s Top Bank Offers $1 Billion Shares Held by Bridge Firm First HoldCo Plc plans to raise about 1.4 trillion naira ($1 billion) through a share sale after the Central Bank of Nigeria gave the nation’s biggest lender approval for the move. The sale of 10.4 billion shares opens Monday, said Olusegun Alebiosu, the chief executive officer of the lender’s banking unit, First Bank.

Nigeria’s Top Bank Offers $1 Billion Shares Held by Bridge Firm First HoldCo Plc plans to raise about 1.4 trillion naira ($1 billion) through a share sale after the Central Bank of Nigeria gave the nation’s biggest lender approval for the move. The sale of 10.4 billion shares opens Monday, said Olusegun Alebiosu, the chief executive officer of the lender’s banking unit, First Bank.
Nigeria (LOCATION) Top Bank Offers (ORG) Bridge Firm Nigeria’s (ORG) First HoldCo Plc (ORG) the Central Bank of Nigeria (ORG) Olusegun Alebiosu (PERSON) First Bank (ORG)
Originally published by Bloomberg Markets Read original →

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