Business

Stanbic IBTC reaffirms commitment to deepen financial inclusion in Nigeria

Ihesiulo Grace 27 February 2020 0

In its efforts to support the Federal Government’s drive to achieve a 95 per cent financial inclusion rate by 2024, Stanbic IBTC Holdings PLC has reaffirmed its commitment to further reduce financially excluded rate in the country. The financial institution disclosed this during a masterclass

Business

Stanbic IBTC unveils new feature on its @ease wallet

Ihesiulo Grace 25 February 2020 0

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has unveiled the addition of a new feature: ‘paycode’ to its @ease wallet. The Paycode feature has been introduced to give customers the opportunity to withdraw cash from their wallet on an ATM or from an agent at any location nationwide without using a debit […]

Business

Stanbic IBTC, Afreximbank partner on N300bn domestic bond issuance programme

Ihesiulo Grace 18 February 2020 0

Stanbic IBTC Capital Limited has established a N300 billion Domestic Bond Programme for the African Export-Import Bank (Afreximbank). Afreximbank, a multi-product partner of Stanbic IBTC and the Standard Bank Group is one of Africa’s largest Developmental Finance Institutions and a seasoned issuer in the international capital markets. El-Rufai presents 24 jeeps to high

Education News

Stanbic IBTC offers range of services to ease students’ resumption back to school

Ihesiulo Grace 8 January 2020 0

Stanbic IBTC Holdings Plc has announced its array of exciting products and services specially designed to make the Back to School season stress-free for parents and guardians. As a one-stop shop financial services organisation, Stanbic IBTC has a range of products and services that can give wings to the dreams of children and make paying […]

Business

Stanbic IBTC upgrades infrastructure in Lagos School

Ihesiulo Grace 9 September 2019 0

Benjamin Omoike Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has donated an ultra-modern lavatory to Abaranje Primary School, located in the Alimosho Local Government Area of Lagos State. The facility donated by Stanbic IBTC consists of a block of 12 modern toilets – 10 for the use of students and two for […]

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 Capital Market

NSE deepens debt market to N12. 5trn

Ihesiulo Grace 7 August 2019 0

…As DMO raises N13bn from equities market Motolani Oseni The Nigerian Stock Exchange (NSE) Chief Executive Officer, Oscar Onyema, on Tuesday, revealed that from a humble beginning as far back as 1961, the Exchange has deepened its debt market to N12.47 trillion. He, also, disclosed that Nigeria’s Debt Management Office (DMO) has raised N13 billion […]

Crime Law News

Fraudster lands in prison

Ihesiulo Grace 17 July 2019 0

Andrew Orolua – Abuja. Justice Mahmood Abdulgafar of Kwara State High Court, sitting in Ilorin, the state capital on Tuesday, July 16, 2019 ordered 41-year-old Hammed Folorunsho Lanre, a civil engineer to be remanded in Mandala Prison, Ilorin. The Economic and Financial Crimes Commission (EFCC), Ilorin Zonal Office has arraigned Lanre on a two-count charge, […]

Business

FG partners Standard Bank, Stanbic IBTC to fund mining

Ihesiulo Grace 17 May 2019

Joseph Inokotong – Abuja As efforts are on course to reposition the Mining and Steel sector to take its pride of place as first among equals in contributing to national economic growth, the Minister of State for Mines and Steel Development, Abubakar Bawa Bwari has said that government will continue to collaborate with International financial […]

Business

Stanbic IBTC unveils “Retire Well”for courage of informal sector

Ihesiulo Grace 10 May 2019

Joy Obakeye Stanbic IBTC Pension Managers Limited, a pension fund administrator (PFA) has has introduced nationwide micro pension campaign tagged ‘Game Plan – Retire Well.’ The effort is aimed at sensitising and stimulating the informal sector not covered by the current Contributory Pension Scheme (CPS) to secure their buy-in into the pension scheme. The micro […]

Business

NSE: Bearish trend persists as ASI down by 0.74%

Ihesiulo Grace 30 April 2019

Motolani Oseni At the close of yesterday trading activities on Nigerian equities market of the Nigerian Stocks Exchange (NSE), trading remains on a bearish trend with the All-Share Index (ASI) shed 219.35 points or 0.74 per cent to close at 29,521.06 compared to 29,740.41 recorded on Friday. Also, the market capitalisation lost N82 billion to […]

Business

Stanbic IBTC Holdings increases profit by 53.9% in 2018

Ihesiulo Grace 8 March 2019 0

Stanbic IBTC Holdings, a member of Standard Bank Group in its audited report and accounts for the period ended December 31, 2018, recorded a 53.9 per cent increase in profit to N74.44 billion from N48.38 billion reported in 2017. Over improved profit, the lender proposed a final dividend of N1.50 per ordinary share of 50 […]

Business Top Stories

CBN deducts N5.5bn from StanChart, Citi, Stanbic IBTC over forex infractions

Ihesiulo Grace 7 September 2018 0

The Central Bank of Nigeria has deducted total sum of N5.486 billion from accounts of Standard Chartered, Citigroup and Stanbic IBTC Plc over violation of extant laws and regulations, including the Foreign Exchange (Forex) mitoring and miiscellaneous Provisions. The apex bank debited Standard Chartered the sum of N2.4 billion ($7.9 million), deducted N1.2 billion from […]

Business Top Stories

15% profit drop looms in Nigerian banks -Report

Ihesiulo Grace 23 April 2018 0

As Treasury-bill rates continue to fall, while asset yields are trending south, making it almost impossible to re-price liabilities to match, banks operating in Nigeria have been warned to either find other sources of income or face an average of 15 per cent drop in their Profits Before Tax (PAT) expectation for 2018. It is […]

Business Top Stories

Access, GTB, Zenith, others boost agric, SMEs with N16.8bn

Ihesiulo Grace 6 April 2018 0

*As CBN directs banks to set aside 5% PAT for scheme * ‘Scheme designed to support FG’s efforts at promoting agro business, SMEs’ Five commercial banks, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), First City Monument Bank Holdings Plc, Stanbic IBTC and Zenith Bank Plc, have supported the Central Bank of Nigeria (CBN)’s Agri-Business/Small […]

Business Top Stories

Tax: FG rakes N131bn from 6 banks

Ihesiulo Grace 4 April 2018 0

The Federal Government through its revenue agencies generated not less than N131billion as tax income from six commercial banks operating in the country in 2017, findings by The Daily Times has revealed. The six commercial banks in 2016 paid government agencies N124 billion, as government at both the federal and state level continued brace up […]

Business

Stanbic IBTC lists three funds on FMDQ OTC Securities Exchange

Ihesiulo Grace 12 February 2018 0

Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc, has listed on the FMDQ OTC Securities Exchange three of the mutual funds under its management. These are Stanbic IBTC Money Market Fund (SIMM), Stanbic IBTC Bond Fund (SIBOND) and Stanbic IBTC Dollar Fund (SIDF). The listing, which took place on Monday, February […]

Business

Access disclose Stanbic IBTC nominees control 18.395% shares

Ihesiulo Grace 6 February 2018 0

Access Bank Nigeria Plc has disclosed that Stanbic IBTC Nominees Limited hold substantial interest in the company standing over 15 per cent. According to the bank , in a statement released by the NSE, Stanbic IBTC Nominees Limited has a unit holdings of 5,316,785,890, accounting for 18.39 e cent holdings in the bank. The statement […]

Money

Stanbic IBTC finances N6bn new manufacturing plant in Lagos

Ihesiulo Grace 5 December 2017 0

Stanbic IBTC Capital and Stanbic IBTC Bank, both subsidiaries of Stanbic IBTC Holdings PLC, acted as the sole arranger and lender respectively on the N6 billion medium- term facility to Kellogg Tolaram Nigeria Limited to finance the construction of a new cereal manufacturing plant in the Lekki Free Trade Zone, Lagos. The factory, with a […]

Brands and Marketing

Autotechnicians seek Ambode’s assistance over demolition of mechanic villages

Ihesiulo Grace 23 November 2017 0

Members of the Nigeria Automobile Technicians Association (NATA), Lagos State Chapter, have appealed to the o the Lagos State Governor, His Excellency, Mr. Akinwunmi Ambode to assist the body to get a befitting village for its members. Chairman of NATA, Lagos State Chapter, Comrade Asiwaju Jacob Omonide-Fayeun made the appeal while giving his welcome address […]