FMCGs, Telcos to compete with banks for a mega capital raise

FMCG’s and Telcos in Nigeria are sharpening their investor relations game ahead of massive capital raise as they strive towards repairing their battered balance sheets.

This is as commercial banks in Nigeria also embark on a capital raise that is estimated at about N4.2 trillion based on the minimum capital requirements set for banks by the central bank.

For FMCGs and Telcos, Nairametrics estimates a capital raise of between N1.6 trillion and N2 trillion.