Banking Business Economy Money Money

60% LDR: How stock price of sanctioned banks depreciate on NSE

Ihesiulo Grace 4 October 2019 0

The stock price of five banks out of 12 sanctioned by the Central Bank of Nigeria (CBN) on Thursday depreciated on The Nigerian Stock Exchange (NSE). The apex bank on Wednesday debited 12 banks who failed to meet the initial deadline of 60 per cent Loan to Deposit Ratio (LDR) by September 30,

Banking Business News

Stanbic IBTC H1 earnings grow by 3% to N117.4bn

Ihesiulo Grace 30 August 2019 0

…Declares 100k interim dividend Benjamin Omoike Stanbic IBTC Holdings Plc, a member of the Standard Bank Group, has recorded an increase in gross earnings to N117.4 billion; representing a 3 per cent growth in its mid-year audited results for the period ended June 30, 2019. The Group, also, announced an interim dividend of 100 kobo. […]

Banking Business Insurance

Stanbic IBTC promotes healthy living, wellness among employees

Ihesiulo Grace 16 August 2019 0

Benjamin Omoike  As part of its contribution towards promoting wellness and healthy living amongst its employees, Stanbic IBTC, a member of the Standard Bank Group, recently held the 2019 edition of the Stanbic IBTC Employee Health and Wellness week. The Health and Wellness Week marked the culmination of activities of Stanbic IBTC’s annual Health Week […]

Business News

Execution, consistency of ERGP to engender growth – Stanbic

Ihesiulo Grace 14 October 2017 0

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has said that with diligent execution and policy consistency, the Economic Recovery and Growth Plan (ERGP) has the capacity to steer the country towards full economic recovery and sustainable growth and development. ERGP was unveiled in April this year as a short-to-long term (2017 – […]

Business Headlines

Recession: 13 banks record N241.8bn bad loans–Investigation

Ihesiulo Grace 4 September 2017 0

…Loans repayment default affecting lender-banks …Fitch affirms Nigeria’s sovereign ratings at B+; negative outlook Nigeria’s current economic hardships, especially induced by the recession, is believed to be responsible for the rising bad loans in 13 commercial banks. Consequently, unpaid debts by the banks’ customers accounted for the N230.6billion Non-

Business

Stanbic IBTC declares highest interim dividend of 60k/share

Ihesiulo Grace 30 August 2017 0

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced impressive half- year results for the six months period ended 30 June 2017, with gross earnings at N97.198 billion, an increase of 36.28 per cent over the N71.320bn recorded in the corresponding period of last year. Following the release of the audited results, […]