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Capital-hungry Nigerian banks issue stocks amid economic squeeze

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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

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