Eterna commences N21.52bn rights issue to drive growth strategy

Kiswahili

Eterna, a Nigerian energy firm, has begun a rights issue valued at N21.52 billion aimed at fueling its growth initiatives.

Eterna has launched a significant financial move by commencing a rights issue worth N21.52 billion. This initiative is designed to support the company's growth strategy, enabling it to expand operations and strengthen its market position in the energy sector.

The announcement highlights Eterna's commitment to enhancing its capabilities amid evolving industry demands. Rights issues allow existing shareholders to purchase additional shares, providing capital without diluting ownership excessively.

While specific details on the allocation of funds remain limited in initial reports, the move underscores a proactive approach to sustainable development in Nigeria's competitive energy landscape.

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