Capital-hungry Nigerian banks issue stocks amid economic squeeze

📆 16/07/2024 17:49:00
📰 TheAfricaReport

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

Business Noticias

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.

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: allafrica - 🏆 1. / 99 Leer más »

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.
Fuente: BBCAfrica - 🏆 23. / 61 Leer más »