CBN approves Stanbic IBTC’s executive management ppromotion

The Central Bank of Nigeria (CBN) has approved the executive management promotions recently announced by the Boards of Directors of Stanbic IBTC Holdings PLC and Stanbic IBTC Bank PLC. Top on the list of these approved promotions is that of Dr. Demola Sogunle, who moves up to the position of Chief Executive, Stanbic IBTC Holdings PLC. Before this promotion, Dr. Sogunle was the Chief Executive of the Bank and previously served as Deputy Chief Executive. He will also continue to serve as a Non-Executive Director on the Board of the…

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Olam speed innovation to address global food security

Olam International, in partnership with Agropolis Fondation, is on the hunt for ground- breaking scientific research that can deliver transformational impacts within global agriculture and win a $75,000 grant to support development and implementation. Unlike other research awards, the Olam Prize for Innovation in Food Security requires clear evidence of potential short-term impact on food availability, affordability, adequacy, and accessibility. The fourth edition of the biennial Prize follows the recent warning from the UN World Food Programme that the COVID-19 pandemic will double the number of people suffering acute hunger…

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Stanbic IBTC donates Covid -19 test kits to Lagos State government

Stanbic IBTC Holdings PLC, has further strengthened its support for the government’s fight against the Covid-19 pandemic through the donation of test kits to the Lagos State Government. As the novel coronavirus enters community transmission stage, it becomes expedient to increase tests, hence the timeliness of the donation of test kits by the Stanbic IBTC group. The kits were officially presented to Lagos State Government at the Lagos State Biobank, Mainland Hospital, Yaba on Tuesday, June 30, 2020   Dr. Demola Sogunle, chief executive, Stanbic IBTC Holdings PLC, reiterated the importance of…

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Court empowers CBN to freeze five accounts with 1st Bank, UBA for undermining Forex policy

A Federal High Court, has permitted Nigeria’s apex bank, the Central Bank of Nigeria (CBN) to freeze five accounts, domiciled First Bank of Nigeria Plc and United Bank of Africa (UBA), for allegedly undermining CBN’s policy on foreign exchange market. Four of the accounts were allegedly housed by First Bank of Nigeria Plc, while UBA Plc housed only one, belonging to Raufu Folashade, Yusufu Ali, Ali Yusufu and Ali Yusufu, with account numbers;  203099182; 100044036; 3099129636;  2029112256; 2096423659, with BV Numbers; 22312630393 and 22203138106, respectively. CBN was given the go ahead…

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Poultry farmers decry scarcity, prohibitive cost of Maize

Poultry farmers in Nigeria have decried the scarcity and continuous rise in the price of maize, stressing that it posed a major threat to their businesses and food security in the country. Maize, which constitutes over 50 per cent of poultry feed, is currently very scarce; and where available, the prices have skyrocketed and cannot be afforded by majority of the poultry farmers. Mrs. Blessing Dominic, a Plateau State based poultry farmer who rears both broiler and layer birds, said her birds no longer feed properly due to the unavailability…

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Interswitch boss tasks companies on crisis management plan

With the impact of coronavirus pandemic which has left businesses across the globe counting losses, Mitchell Elegbe, founder and group managing director at Interswitch has described it as a wake-up call for companies to take proactive measures, as well as have a crisis management plan in order to prepare for potential crisis and keep their businesses afloat. He made this known during the WIMBOARD Institute Webinar tagged: “The role of a Board in Anticipating and Managing Crisis”, held on Thursday June 18, 2020. Speaking on what boards can do to…

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Covid-19: NCAA to submit aviation restart plan to PTF wednesday

The director-general of the Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu has revealed plans to submit the Nigerian aviation restart plan to the Presidential Task Force on Covid-19 by Wednesday (24th June, 2020), all things being equal. Capt. Nuhu in his effort to be accountable to stakeholders in the industry concerning the restart of the aviation sector, conveyed another round of stakeholders’ forum over the weekend The NCAA DG in his address appealed to the stakeholders especially the airlines to bear with the authorities, stressing that even though they…

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Virtual Africa Investors Conference to provide ideal platform for investors, corporates

In line with current world trends, Standard Bank Group, the parent company of Stanbic IBTC Holdings PLC, has adopted a digital approach to enable African corporate clients and leading policymakers to connect virtually with some of the world’s leading institutional investors. In partnership with ICBC Standard Bank and Microsoft, Standard Bank is hosting its 10th Africa Investors Conference using a specially enhanced Microsoft Teams platform to host over 2500 meetings over 5 days, doubling the number of meetings hosted in 2019. The virtual platform is enabling many more African corporates…

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Interswitch group donates equipment, kits, to Lagos State

Photo Caption: L-R: Titilola Shogaolu, Divisional Chief Executive Officer, Interswitch Financial Inclusion Services Limited (IFIS); Dr Frederic Oladeinde, Hon. Commissioner for Transport, Lagos State; and Mrs. Yejide Kolawole, Director, Legal, Ministry of Transport during the Interswitch Group’s donation of Personal Protection Equipment (PPE) and Rapid Diagnostic Test Kits (RDTs), as part of its COVID-19 intervention effort to the Lagos State Government held at the Ministry of Transport, Alausa, Ikeja, Lagos State. An integrated digital payment and e-commerce company, Interswitch Group, has donated personal protective equipment (PPE) and rapid diagnostic test…

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Stanbic IBTC Holdings tasks employees on digitization, upskilling

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has urged employees to embrace digitization and build career resilience through diversity and upskilling in order to be outstanding in the workplace. Olufunke Amobi, Country Head, Human Capital, Stanbic IBTC Holdings PLC, gave this advice during a Virtual Learning Series themed “Building Career Resilience”. Mrs Amobi revealed that forces of change such as globalization and rapid technological advancements such as Artificial Intelligence, Robotics, cognitive technologies and crowdsourcing, amongst others, are the rationale for the evolution of careers and their shift…

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