Proshare Logo
   Market Date: 22-10-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Wema Bank’s Deadline expires on Oct 30, 2010

Category: Investors NewsBeat


  Read (2191)
Wema Bank’s Deadline expires on Oct 30, 2010

 

 

October 28, 2010
 
On October 6, the CBN issued a statement to the effect that “Wema Bank Plc, has applied to CBN seeking a banking licence to operate as a regional bank with a regulatory capital requirement of N10 billion. It has also applied to and obtained approval from Securities and Exchange Commission (SEC) to raise N7.5 billion fresh capital through a Special Placement Offer”. http://www.proshareng.com/news/12212   
 
It went on to add that “….the ultimate success of the recapitalisation of Wema Bank is partly hinged on the establishment of AMCON, the operationalisation of which has been slightly delayed for reasons beyond the bank’s control. Consequently, Wema Bank has requested for a 30-day extension ending October 30, 2010, to enable it conclude its capital raising exercise”.
 
The market eagerly awaits the outcome of this effort next week when we should know the eventual status of the bank.
 
 


Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Investors NewsBeat

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Volunteer Program
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint