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(AFX UK Focus) 2010-05-25 14:23 Nigeria's Wema Bank details recapitalisation plans

LAGOS, May 25 (Reuters) - Nigeria's Wema Bank said on Tuesday it planned to raise 49 billion naira ($325 mln) through a special placement with foreign and local investors and was confident it could recapitalise before a central bank deadline. The bank said 34 billion naira of the amount would be raised with identified foreign investors, the remainder with strategic local investors. It said it ...
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Added May 25, 2010
from Yahoo Nigerian News