Nigeria’s Stanbic IBTC Holdings to raise 24 bln naira in cash call

Whatsapp News

LAGOS  – Nigeria’s Stanbic IBTC Holdings raise 24 billion naira ($121 million) in a rights issue once shareholders approve the transaction, the lender said on Wednesday.

Stanbic IBTC, majority owned by South ’s Bank , said it would seek approval at a on June 3. ($1 = 198.9500 naira) (Reporting by Oludare Mayowa; Writing by Chijioke Ohuocha; Editing by Helen Nyambura-Mwaura)

[pro_ad_display_adzone id=”70560″]