Infrastructure Bank to issue N1.5bn right shares

LAGOS—The Infrastructure Bank Plc said today in Abuja that it will issue N1.5 billion right issues to its existing shareholders, opening from December 17 to January 28, next year.

The shareholders of the bank include federal and state governments; local governments and trade unions, according to its Managing Director, Mr. Adekunle Oyinloye.

At a completion board meeting of the bank held at its headquarters in Abuja, Chairman of the Bank, Alhaji Lamis Dikko, said the right issue comprised 1,551,500,000 ordinary shares of N1.00 each.