Just three banks—Standard Chartered, Stanbic IBTC, and Citibank—accounted for 80% of Nigeria’s total capital inflows in Q1 2025, underscoring their significant role in facilitating foreign investment in Nigeria.
Stanbic IBTC Holdings Plc has released its first-quarter financial statement for the period ended 31 March 2025, revealing a pre-tax profit of N116.4 billion.
Nigeria’s top banks ramped up their investments in technology infrastructure in 2024, collectively spending N518.5 billion to modernize their operations.
In 2024, Nigeria's top banks reaped the benefits of a volatile but profitable macroeconomic environment, with nine listed banks- Access Holdings, FCMB, Fidelity, First Holdco, GTCO, Stanbic IBTC, UBA, Wema Bank and Zenith, posting a combined profit after tax (PAT) of N4.786 trillion.
As inflation persists and the war for top talent intensifies, Nigerian banks are responding in markedly different ways when it comes to employee pay.
Stanbic IBTC Holding Plc has announced a pre-tax profit of N303.796 billion for the 2024 financial year ended December 31, 2024, representing a 60.23% year-on-year (YoY) growth.
Stanbic IBTC Asset Management, Fund Manager of the Stanbic IBTC Infrastructure Fund (the “Fund”) is pleased to announce that it has partnered SIFAX Group of Companies Limited through its subsidiary, SIFAX Shipping ICT Limited, to successfully facilitate the development of anultra-modern port terminal on 8.3 hectares of land (~82,846 m²) in Ijora, Lagos – The Ijora Terminal (the “Project”).
Sterling Financial Holdings Company Plc has communicated to the public and the Nigerian Exchange Group (NGX) regarding the delayed filing of its Audited Financial Statements for the fiscal year ending 31st December 2024.
Nigeria’s corporate giants are cashing in big! Banking heavyweight Stanbic IBTC, construction giant Julius Berger, agribusiness leader Presco,...
Stanbic IBTC posted an impressive pre-tax profit of N303.8 billion, reflecting a 75.70% YoY growth.
The Nigerian Exchange’s (NGX) e-offering platform, NGX Invest, continues to revolutionize capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc’s N148.7 billion rights issue.
Transgrid Enerco Limited, a consortium comprising Stanbic IBTC Infrastructure Growth Fund (SIIF), the North-South Power Company Limited (NSP), and Axxela Limited, has acquired a 60% majority equity stake in the Eko Electricity Distribution Company (Eko Disco), Nigeria's second-largest electricity distribution company.
