Capital-hungry Nigerian banks issue stocks amid economic squeeze

  • 📰 TheAfricaReport
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 55%

Business News

A growing number of Nigerian banks are tapping the country’s stock market to raise fresh capital amid mounting economic headwinds that have exacerbated the cost-of-living crisis and kept many foreign investors on the sidelines.

The Central Bank of Nigeria had on 28 March 2024 announced new capital requirements for banks to meet by 1 April 2026 to enable them to support the target goal of a $1trn economy set by President Bola Tinubu.Kenya will not negotiate G2G oil deal despite Eurobond refinancing

Kenya will not renegotiate the financing model of the G2G oil agreement with Middle Eastern companies, despite solving Eurobond jitters.In early July, Nigeria’s attorney general stepped in to halt the copyright infringement case against MTN Nigeria and its CEO Karl Toriola. The musicia...Hydrocarbon exploitation projects are still being developed on the continent, despite promises made at the UN Climate Change Conference in Dubai.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 29. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kenya: Security Forces Patrol Kenya's Capital After Anti-Finance Bill Protesters Shot DeadSoldiers and police were deployed Wednesday on the streets of Kenya's capital, a day after protesters stormed the country's parliament as part of demonstrations against tax increases.
Source: allafrica - 🏆 1. / 99 Read more »

Kenya finance bill: Police fire bullets in capital amid nationwide protestsBusinesses have been shut in the capital as protesters call for the finance bill to be dropped.
Source: BBCAfrica - 🏆 23. / 61 Read more »