LAGOS Feb 28 Nigeria's Zenith Bank
said on Tuesday it would seek shareholder approval next month to
raise 100 billion naira ($318 million) via a combination of
share or bond sale and global depository receipts.
The lender also said it would seek approval to increase its
share capital to 40 billion naira from 20 billion naira at the
shareholders' meeting on March 22.
Zenith Bank on Monday reported a 2016 pretax profit of
156.75 billion naira, up from 125.62 billion a year earlier.
($1 = 314.50 naira)
(Reporting by Oludare Mayowa; editing by Chijioke Ohuocha and