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STANBIC IBTC
news and analysis about stanbic IBTC
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.
The NESG-Stanbic IBTC Business Confidence Monitor (BCM) report has projected that Nigeria’s inflation rate will decline to 27.1% by December 2025, providing a glimmer of hope for businesses and consumers grappling with persistent economic challenges.
Nigerian businesses in October reported worsening conditions in October as cost pressures triggered by rapid inflation resulted in the sharpest downturn in business activities in the month.
The Board of Directors of Stanbic IBTC Holdings has announced the appointment of Dr. Kunle Adedeji as Acting Chief Executive Officer, following regulatory approval.
The Board of Directors of Stanbic IBTC Holdings PLC has announced the appointment of Mrs. Olusola David-Borha as...
Stanbic IBTC Plc, the Nigerian unit of Standard Bank Group Ltd., expects the proposed windfall tax on foreign exchange gains to have a minimal effect, consuming only a modest portion of 10% of its profits.
Stanbic IBTC Holdings has announced an interim dividend of N2.00 per ordinary share of 50 kobo each, worth N25.9 billion, according to a corporate action statement released by the NGX.
Amidst the policy shift in 2023, Stanbic IBTC has demonstrated notable growth. Gross earnings surged by 62% in 2023, driven by increases in both interest and non-interest income.
Nigeria’s Purchasing Managers’ Index (PMI) saw a marginal uptick in August rising from 49.2 to 49.9 on the back signalling a slight improvement in business conditions but renewed inflationary pressures continue to hinder growth of businesses.
Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were disqualified from participating in a recent retail Dutch Auction conducted by the Central Bank of Nigeria (CBN).
The Nigerian banking industry is one of the most lucrative business sectors in the economy, playing a pivotal role in driving growth and development in Nigeria’s economic landscape.
In 2023, Nigeria's manufacturing sector, which contributes approximately 8% to the nation’s GDP, saw significant financial movements despite facing several economic challenges.