A financial services group in Nigeria offering banking, investment, and insurance services.
Sterling Bank seeks shareholders nod for $400 million raise
Sterling Bank Plc plans to raise $400 million to meet regulatory capital requirements. The bank will present its fundraising plan at the upcoming Annual General Meeting.
Stanbic IBTC will seek shareholders’ approval to raise ₦550bn
Stanbic IBTC Holdings plans to raise ₦550 billion through the sale of bonds and a rights issue. The banking subsidiary of Stanbic IBTC Holdings, a Tier 2 bank with a capital requirement of ₦200 billion, aims to issue debt securities worth ₦400 billion and an additional ₦150 billion through a rights
