Stanbic IBTC Holdings Raises N148.7bn, Exceeds CBN’s Recapitalisation Benchmark

Stanbic IBTC Holdings Plc has successfully concluded its Rights Issue, raising N148.7 billion—exceeding the Central Bank of Nigeria’s (CBN) recapitalisation requirement. In a statement issued on Tuesday, the bank said the offer recorded an impressive oversubscription rate of 21.9 per cent, underscoring strong investor confidence and shareholder support. The capital raise, described as a strategic…

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Tinubu Arrives In Japan For TICAD9 Summit

President Bola Tinubu has arrived in Tokyo, Japan, to participate in the Ninth Tokyo International Conference on African Development (TICAD9). Presidential spokesperson, Mr. Bayo Onanuga, said the President’s aircraft touched down at the Haneda International Airport at 12:50 a.m. local time on Tuesday. Tinubu was received at the Presidential Wing of the airport by Amb….

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