Nigeria’s main ratings agency Agusto & Co. upgraded the country’s banking sector on Thursday by one notch to Bbb from Bb, with a stable outlook, citing improved earnings and capital ratios. In a ratings report on Nigerian banks, the agency said credit growth was gradually returning and risk aversion waning […]
Author: InvestAdvocate
Stanbic IBTC shareholders endorse HoldCo structure
The shareholders of Stanbic IBTC Bank Plc have approved the resolution on creation of a holding company for the bank and its other non-banking businesses. The holding company, Stanbic IBTC Holdings Plc, was created in line with the revised regulatory framework by the Central Bank of Nigeria, which requires banks […]
Stanbic IBTC shareholders endorse HoldCo structure
The shareholders of Stanbic IBTC Bank Plc have approved the resolution on creation of a holding company for the bank and its other non-banking businesses. The holding company, Stanbic IBTC Holdings Plc, was created in line with the revised regulatory framework by the Central Bank of Nigeria, which requires banks […]
