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United Capital Hosts Webinar on Rights Issues and Public Offers: A Recap

On Wednesday, September 4, 2024, United Capital Securities hosted a webinar titled “Banking on the Future: Understanding Rights Issues and Public Offers”. The webinar aimed to educate investors on the complexities of rights issues and public offers, especially in light of the Central Bank of Nigeria’s directive for commercial banks to raise funds through a bank recapitalization program. The session provided a comprehensive overview of these financial instruments, their potential benefits, and the strategies investors can employ to maximize their opportunities.


It featured renowned experts in the  financial services industry such as Jude Chiemeka, CEO, Nigerian Exchange Ltd.(NGX); Bawo Oritsejafor, MD, United Capital Securities; Dr. Catherine Nwosu, MD/CEO, Africa Prudential Plc; Dr. Gbadebo Adenrele, MD, United Capital Investment Banking; Abideen Alade, Head Trader, United Capital Securities; and Ibiyinka Ibru, Founder, Moneystart as the Moderator.

The webinar covered an array of subtopics including:
  • The ongoing bank recapitalization program in Nigeria and its implications for the financial sector
  • The intricacies of rights issues and public offers
  • The roles of the Nigerian Exchange (NGX), registrars, issuing houses, and stockbrokers in the recapitalization exercise,
  • The broader implications of rights issues and public offers for investors and the financial market.
  • How to evaluate the investment opportunities in these offerings – the potential benefits and risks associated.
The webinar was well-attended and generated significant interest among participants. Attendees appreciated the opportunity to learn from industry experts and gain a better understanding of these complex financial instruments.

For more information on the ongoing bank recapitalization, please refer to our FAQs.

If you missed the live webinar, catch the recording here.

JOSEPH ONYEMA

Head, Group Enterprise Performance Management
Joseph Onyema
Joseph is the Head, Group Enterprise Performance Management at United Capital Plc.
Over the last 16 years, Joseph has worked with and led teams whose responsibilities cut across a major spectrum of technology transformational and retail growth projects and consultancy. Joining the group in 2017, Joseph started out leading the technology team for 5+ years in the position of the Group, Chief Information Officer, a role in which his focus on execution to reposition the business was exemplary, hence leading to increased digital presence, retail growth and improved revenues, with keen focus on our growth during the COVID-19 pandemic where the business was run totally virtual and saw outstanding growth in customers, revenue and profitability.​
Leveraging on his education, performance, experience and spirit of execution, Joseph transitioned to the Group Head, Enterprise Performance Management, where he brings his analytical and technological prowess coupled with his background in managing teams and businesses to bare in monitoring and tracking business units and employees performances, while helping them to improve in their performance and ensuring the group continues to win in all its endeavours.
Before joining United Capital, Joseph headed the Group Technology Operations at Cordros Capital Limited where he transitioned the business from a High Net-worth Individual (HNI) focused business to retail-focused business with total leverage on technology to drive B2C sales across verticals while exploring new markets and partnerships. Prior to Cordros Capital, he had led the Enterprise & Cloud Services team at Soft Solutions Limited, an IT Consultancy firm with a footprint across 15 Nigerian banks on enterprise security, cloud projects, and consultancy where he developed, deployed, and led support teams to manage several financial and FMCG application suites.
A Tony Elumelu entrepreneur from 2016 before joining the group, and a member of the prestigious Beta Gamma Sigma international business honor society, continues to reinvent himself and deliver exceptionally to the United Capital family.