Stanbic IBTC Holdings Plc has successfully raised 148 billion naira ($99 million) in a rights issue, achieving a subscription rate of 122%. This operation is in line with the new recapitalization requirements imposed by the Central Bank of Nigeria (CBN) to strengthen the country’s banking sector. Launched to comply with the new regulatory directive from…...
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Nigeria: Stanbic IBTC raises $99 million to meet CBN requirements
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