{
  "schemaVersion": 1,
  "contentDigest": "dc9b950d7c094604e2efeb8fa9fd285ef860a42aba398cdda364ee3949160e0c",
  "id": "news-oct22-more-ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021",
  "language": "en",
  "interfaceLanguage": "en",
  "url": "https://voltformer.com/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021",
  "slug": "ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021",
  "category": "policy-standards",
  "publishDate": "2026-10-21",
  "sourceDate": {
    "kind": "event",
    "value": "2026-10-20"
  },
  "sourceName": "BusinessDay",
  "sourceUrl": "https://businessday.ng/companies/article/infinity-trust-mortgage-bank-approves-n50bn-capital-raise-share-capital-increase/",
  "readingTimeMinutes": 1,
  "tags": [
    "Nigeria",
    "Capital markets",
    "Mortgage finance",
    "Investment",
    "Banking"
  ],
  "content": {
    "title": "Infinity Trust shareholders authorise capital raise of up to ₦50 billion",
    "summary": "Shareholders authorised a capital raise ceiling of ₦50 billion, subject to regulatory approvals; funds raised were not reported.",
    "sections": [
      {
        "paragraphs": [
          "At an extraordinary general meeting in Abuja on October 20, shareholders of Infinity Trust Mortgage Bank authorised directors to raise up to ₦50 billion through a rights issue, private placement, public offer or a combination, subject to regulatory approvals. The bank gave no completion timetable.",
          "Shareholders also approved conversion of 600 million ₦1 preference shares, valued at ₦600 million, into ordinary shares. Directors still must determine the conversion ratio and price, and regulatory approval is required. Two proposed non-executive director appointments also await shareholder ratification and CBN approval."
        ],
        "sources": [
          {
            "name": "BusinessDay",
            "url": "https://businessday.ng/companies/article/infinity-trust-mortgage-bank-approves-n50bn-capital-raise-share-capital-increase/"
          }
        ]
      }
    ]
  },
  "companies": [],
  "sourceVersion": "c7294d70e1b06a9dcd0619686fe2d8aeaf367092fe2e7c40352008cc8106e5a4"
}