United Bank for Africa Plc (UBA), a prominent Nigerian financial institution, has revealed its intention to raise capital totaling 144.8 billion naira (about $90.2 million) in 2025. This initiative is primarily driven by the need to adhere to new regulations from the Central Bank of Nigeria while simultaneously looking to enhance its global presence.
Recent developments in the strategy of Ryman Healthcare $RYM.NZ, the owner of a well-known retirement village in New Zealand, signal an important phase in the company's efforts to restore business efficiency. Amid declining profits and suspended dividends, Ryman has decided to raise NZD 1 billion (approximately USD 570 million) to bolster its financial position.