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




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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)

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*(Reuters)*