Stanbic IBTC Launches N148.7 Billion Rights Issue at 50 Kobo Per Share

Stanbic IBTC Holdings has introduced a rights issue worth N148.7 billion to the Nigerian Exchange (NGX). This initiative involves the issuance of 2,944,772,083 ordinary shares, each priced at 50 kobo. This announcement was made during the “Facts Behind The Figures” event on January 21, 2025, hosted by Mr. Jude Chiemeka, CEO of Nigerian Exchange Limited. […]