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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Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
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