Stanbic IBTC shareholders approve plan to raise N450bn fresh capital

Stanbic IBTC shareholders approve plan to raise N450bn fresh capital

The shareholders of Stanbic IBTC Holdings have approved the plan to raise additional N450 billion funding, a move that was overwhelmingly supported at the company’s last Annual General Meeting held in Lagos last Thursday. The new capital injection comprises N400 billion loan and N150 billion in equity capital, the financial group disclosed in a statement […]
Source: Stanbic IBTC shareholders approve plan to raise N450bn fresh capital

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