How Stanbic IBTC is transforming Nigeria’s trade landscape

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has reiterated its commitment to fostering international trade and help the nation actualise its economic growth and development goals.   The Bank said it will continue to fine-tune its three-pronged approach to facilitating trade activities for clients. These are the development of bespoke financial solutions to help boost trade for clients; sponsorship of relevant trade shows that bring together stakeholders in global trade, including exporters and importers; and organisation of seminars and workshops to provide clients and other stakeholders…

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Stanbic IBTC Bank Nigeria PMI: Softer inflows of new work prompt moderation in private sector activity growth in August

Business conditions in Nigeria’s private sector improved modestly midway through the third quarter, but the rate of growth slowed to a six-month low. Softer upticks in output, new orders and employment contrasted with quicker expansions in held inventories as firms seek to take advantage of faster lead times, and protect against any future supply shocks. However, a loss of momentum in demand resulted in a dip in optimism. Sentiment was the third-weakest in the series history. Meanwhile, purchase prices continued to rise sharply, although the rate of inflation softened from…

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Stanbic IBTC dismisses report of agreement with Tingo on new payments system

The management of Stanbic IBTC Bank PLC has disclosed that it did not conclud any agreement with Tingo International in respect of any payment system whatsoever, including “Tingo Pay”. The bank said in a statement that in the event that such an agreement with Tingo International is finalised at any time in the future, then the Bank will issue an appropriate Press Release at that time. “While we have a Memorandum of Understanding with Tingo International Holdings on a possible partnership arrangement, we must state categorically that Stanbic IBTC Bank…

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Stanbic IBTC retains Fitch’s AAA Rating

Globally renowned credit rating agency, Fitch Ratings, has reaffirmed that Stanbic IBTC Holdings PLC and its subsidiary, Stanbic IBTC Bank PLC, have retained their National Long-Term’ AAA (nga)’ and National Short-Term’ F1+(nga)’ ratings. Fitch Ratings is a leading provider of credit ratings, commentary and research for global markets. The National Long-Term’ AAA (nga)’ and National Short-Term’ F1+(nga)’ Ratings are the highest possible ratings on Fitch’s rating scale. Stanbic IBTC Holdings PLC and Stanbic IBTC Bank PLC were rated high based on the potential support from their parent company, Standard Bank…

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Abule Egba ATM fraudster not our staff- Stanbic IBTC Bank

The management of Stanbic IBTC Bank PLC has dismissed the arraignment of a man purported to be a staff of the Bank on charges bordering on the theft of customers deposits as false.  The Bank clarified that the defendant, a 22-year-old Tope Olajide, is not, and was at no point in time an employee of Stanbic IBTC Bank PLC.      The alleged culprit was apprehended around 7:30 am, on Thursday, 27 August 2020, by security operatives after he was exposed by CCTV footage using ATM cards he had allegedly stolen…

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Stanbic IBTC Bank appoints Oyedeji as Independent Non-Executive Director

The Board of Directors Stanbic IBTC Bank PLC has announced the appointment of Mr Wale Oyedeji as an Independent Non-Executive Director with effect from 08 September 2020, following the receipt of all required regulatory approvals.   Mr Oyedeji holds a Bachelor of Science in Agricultural Economics from the University of Ibadan and a Master of Science in Financial Economics from the University of London. He is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an associate of the Chartered Institute of Taxation. Mr Oyedeji has…

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Stanbic IBTC named among top 10 brands making impact

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has been named amongst the Top 10brands making a difference in Nigeria. The first-ever Nigeria Corporate Social Responsibility (CSR) and Sustainability Ranking 2019 recently released by TRUCSR reflected that Stanbic IBTC Bank emerged number 10 on the list of Top 50 Brands making a difference in Nigeria. The Top 50 list is made up of companies from diverse sectors such as Banking, Oil & Gas, FMCG, Telecomms, Power, Pay TV, Tech, NGO, and Health, who are investing in highly…

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Stanbic IBTC attracts highest capital inflow into Nigeria for third quarter of 2019

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as the financial institution that attracted the highest amount of capital investment in the third quarter of 2019. This was contained in the Nigerian Capital Importation report of the Nigerian Bureau of Statistics. According to the report, Stanbic IBTC Bank PLC attracted $1,630.91 million in Q3 2019, which equates to 30.38 percent of the total capital inflow during the same period. The Nigerian Capital Importation Q2 report earlier released by the Nigerian Bureau of Statistics in September,…

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