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First HoldCo launches $1 billion share sale after CBN approval

The roughly 1.4 trillion naira offering is among the largest equity deals in Nigerian history, following clearance from the Central Bank of Nigeria.

Summary

First HoldCo Plc has launched a share sale worth about 1.4 trillion naira, or $1 billion, after receiving approval from the Central Bank of Nigeria. The transaction ranks among the largest equity offerings in Nigerian history.

Terms & Concepts
  • share sale: A transaction in which a company sells new or existing shares to raise capital.
  • Central Bank of Nigeria: Nigeria's central bank and main banking regulator.