22/10/2025
This week, the Nigerian capital market saw renewed fundraising momentum, with notable activity across the equities and debt segments. The Central Bank of Nigeria (CBN) is set to reissue a total of N650bn across three tenors in the NTB auction today. This move aims to roll over maturing NTBs (a total of N650bn) rather than expand the offerings. The auction will have N100bn, N100bn, and N450bn offered across the 90-day, 182-day, and 364-day bills, respectively.
Elsewhere, VFD Group Plc Rights Issue of 5,067,396,400 ordinary shares of N0.50 each at N10.00 per share, on the basis of 2 new ordinary shares for every three ordinary shares held as at the close of business on Friday, August 8, 2025, is still on and is scheduled to close on November 24th 2025.
Presco Plc has also announced the approval and listing of its proposed Rights Issue, aimed at strengthening the company’s capital base and supporting future growth initiatives. The offer comprises 166,666,667 million ordinary shares of N0.50 each at N1,420 per share, based on one (1) new ordinary share for every six (6) existing ordinary shares held as at the close of business on Monday, October 13, 2025, which serves as the Qualification date.
First City Monument Bank is still in the market for its N160bn public offer, aimed at bolstering the capital base of its banking subsidiary, in line with the CBN’s new N500bn minimum capital requirement for international banks. The offer, comprising 16 billion ordinary shares priced at N10 per share, opened to investors this week and will remain available until November 6, 2025.
In the Commercial Paper (CP) market, Utica Film Fund Series 1 is issuing up to N5bn under its N20bn Shelf Program. Johnvents Industries Limited, for up to N30bn under its N100bn CP Program, is now open and scheduled to close on Friday, 24th October 2025.
While equity offers provide investors with the opportunity for high returns through capital appreciation and dividends, offering an ownership stake and a hedge against inflation, debt offers provide lower risk through steady, predictable income in the form of interest payments and capital preservation.
We expect more offers in the market next week as insurers, banks, and others seek to shore up their capital in line with regulatory requirements and company-specific growth/expansion drive.
read more>> https://proshare.co/articles/nigerias-financial-market-offerings-this-week-from-october-22-2025?menu=Market&classification=Read&category=Public%20%26%20Private%20Offers
