Stanbic IBTC retains Fitch’s ‘AAA’ Rating

A recent report by globally renowned credit rating agency, Fitch Ratings, has affirmed that Stanbic IBTC Holdings PLC, Nigeria’s leading end-to-end financial solutions provider, and Stanbic IBTC Bank PLC, its banking subsidiary, have retained their National Long-Term Ratings of AAA(nga). According to the report, both organisations also maintained their National Short-Term Ratings of F1+(nga). The ‘AAA (nga)’ rating represents the highest score assigned by Fitch Ratings in its National Rating Scale for Nigeria; and it is assigned to issuers with the lowest expectation of default risk in comparison with other…

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Stanbic IBTC boss assures Nigerians of bank’s stable, sustainable operations

Chief executive, Stanbic IBTC Holdings PLC, Yinka Sanni, has assured Nigerians that Stanbic IBTC Bank remains strong, stable and sustainable in its operations. Stanbic IBTC Holdings PLC posted a profit of N36 billion for the half-year which ended June 30, 2019 and rewarded shareholders with an interim dividend of N10.2 billion at 100 kobo per share. “We remain committed to operating to the highest level of corporate governance standards while delivering sustainable long-term value to clients and other stakeholders through world-class innovative operations and our customer-centric approach,” Sanni assured.  According…

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Stanbic IBTC promotes healthy living, wellness, among employees

Stanbic IBTC, a member of the Standard Bank Group, has held its 2019 edition of the Stanbic IBTC Employee Health and Wellness week. According to the management of the bank, the Health and Wellness week is part of its contribution towards promoting wellness and healthy living amongst employees. The Health and Wellness Week marked the culmination of activities of Stanbic IBTC’s annual Health Week programme, designed to educate and enlighten the company’s employees and the public on issues concerning healthy living and wellness.  The 2019 Health and Wellness Week was…

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EFCC arraigns three INEC officials over alleged N179.8m fraud

The Economic ad Financial Crimes Commissione (EFCC), on Monday July 30, arraigned three staff of Independent National Electoral Commission (INEC) before a Federal High Court. Lagos, on alleged fraud of N179. 8 million. The three accused who are from Ogun State INEC office are: Yemi Akinwonmi, Dickson Atiba and Ogunmodede Oladayo. They were arraigned before Justice Sule Hassan led-court on an eight count-charge bordering on conspiracy, but befitting from proceeds of crime, receiving various cash sums without going through financial institutions and accepting various cash sums exceeding amount authorized by…

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