First HoldCo Plc said its recently concluded rights issue was oversubscribed by 25 per cent as it reported N187.6 billion in subscriptions from existing shareholders even though it set out to raise N150 billion.
The company’s managing director, Adebowale Oyedeji, said the transaction had received capital verification from the Central Bank of Nigeria.
The financial services group noted that the strong interest from investors affirms “the trust and confidence placed in the…
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