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…...
Trending
- BCEAO doubles wallet limits: what about Kenya, Morocco, and Nigeria?
- Guinea: First gold ingots from Nimba Gold Refinery shipped for export
- Mauritania: Who’s Who in the new government of El Moctar Ould Djay
- Sonatel: after the EGM of October 8 on the stock split, here is what will change
- Sonatel: after the EGM of October 8 on the stock split, here’s what will change
- Local content: with Simandou Academy, Guineans in control of the Transguinean
- Mauritania: Government resigns less than 24 hours after the publication of the Ousmane Kane report
- Kako Nubukpo: “The current political consensus is not strong enough for a ECOWAS currency to exist”
Nigeria: Stanbic IBTC raises $99 million to meet CBN requirements
About us
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….
Contact us: redaction@financialafrik.com