List of banks excluded from CBN’s retail Dutch Auction
Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were disqualified from participating in a ...
Tag: Stanbic IBTC
news and analysis about stanbic IBTC
Ranking Nigerian Banks that have declared the most dividend in 5 years
The Nigerian banking industry is one of the most lucrative business sectors in the economy, playing a pivotal role in ...
These five banks provided the most loans to manufacturers in 2023
In 2023, Nigeria's manufacturing sector, which contributes approximately 8% to the nation’s GDP, saw significant financial movements despite facing several ...
Banks staff experience 44.3% increase in salaries as banks incur N800 billion in 2023
Commercial banks spent a total of N799.8 billion on staff salaries in 2023, representing a 44.3% increase when compared to ...
Tier-1 Nigerian banks earn N392 billion from electronic business in 2023
Nigerian tier-1 banks raked in N392 billion from electronic business in 2023 as more Nigerians embrace cashless transactions.
Basil Omiyi retires as Stanbic IBTC Holdings chairman
Mr Basil Omiyi has retired as Chairman of Stanbic IBTC Holdings after seven years of heading the group.
Stanbic IBTC to seek shareholders’ approval for N400 billion debt issuance
The company to raise additional equity capital of up to N150 billion via a Rights Issue or offer for subscription, ...
Stanbic IBTC reports 74% PAT growth in 2023, to pay N28.5 billion final dividend
Stanbic IBTC has reported a net profit of N140.6 billion in 2023, marking a 74% growth from the N80.7 billion ...
Stanbic IBTC transforms education landscape with adoption of four schools
Stanbic IBTC, a leading financial service provider in Nigeria and a member of the Standard Bank Group, took a step ...
Stanbic IBTC: Sustaining the SUV Model
After facing its first profit-before-tax decline in five years in 2021, Stanbic IBTC rebounded in 2022 and has remained resilient ...
