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Pin to quick picksStandard Chartered Share News (STAN)

Share Price Information for Standard Chartered (STAN)

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Share Price: 649.40
Bid: 649.20
Ask: 649.60
Change: -15.40 (-2.32%)
Spread: 0.40 (0.062%)
Open: 651.00
High: 653.00
Low: 647.40
Prev. Close: 664.80
STAN Live PriceLast checked at -

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Abuja taps StanChart for rail project financing, instead of China Eximbank

Thu, 10th Jun 2021 11:16

(Sharecast News) - Abuja may tap StanChart instead of Chinese lenders for the financing needed to modernise two of the country's main railways.

Speaking to Bloomberg, Nigerian transport minister, Rotimi Amaechi, said talks were under way on the $14.4bn of loans needed to upgrade the narrow-gauge Port Harcourt-Maiduguri track in eastern Nigeria and the standard-gauge coastal line.

Contracts for the construction work in both projects however have already been inked with the local unit of state-owned China Civil Engineering Construction.

The value of the contract for CCECC to renovate the Eastern Line was pegged at $3.2bn and that for the Coastal Line at $11.2bn.

The latter contract was signed in 2014 and in 2017 Nigerian officials had reportedly said that Export-Import Bank of China would soon approve a $3.5bn to begin work.

China Eximbank had already financed $2.3bn-worth of rail projects in the West African country and a further $5.3bn of funds were anticipated to allow CCECC to extend the Lagos-Ibadan line to Kano.
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IN BRIEF: Standard Chartered heads sell GBP550,000 in shares in total

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12 Mar 2024 10:38

Standard Chartered's Simon Cooper departs amid corporate reshuffle

(Sharecast News) - Banking group Standard Chartered said on Tuesday that Simon Cooper, who was a frontrunner to succeed chief executive Bill Winters, will leave the group in order to "pursue other interests".

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5 Mar 2024 16:12

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29 Feb 2024 21:45

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UK dividends calendar - next 7 days

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Gabelli Merger Plus+ Trust PLCdividend payment date
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JPMorgan China Growth & Income PLCdividend payment date
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LXi REIT PLCdividend payment date
Pollen Street PLCdividend payment date
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PayPoint PLCdividend payment date
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Assura PLCex-dividend payment date
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Personal Assets Trust PLCex-dividend payment date
Premier Miton Global Renewables Trust PLCex-dividend payment date
PZ Cussons PLCex-dividend payment date
Redcentric PLCex-dividend payment date
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Ruffer Investment Co Ltdex-dividend payment date
Safestore Holdings PLCex-dividend payment date
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London close: Stocks fall as investors look to US data

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