Lagos - Nigerian Banks are queuing up to raise funds from the equity market in an attempt to actively finance the activities of investors in the power sector.
The money is to help banks support the long-term financing needs of most of the companies that acquired the generating and distribution firms that were recently privatized by the government, reports ThisDay.
Already, about three banks have raised the amount of capital they need to support their clients from the Eurobond market.
Several other banks are looking to raise money through other routes.
Read more at ThisDay.
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