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
