This week’s stocks to watch list includes Stanbic IBTC, Dangote Cement, Pharmdeko, and SCOA Nigeria, as the companies prepare to release their Q3 2021 financials. However,...
A United Kingdom-based firm, Stanbic Africa Holdings Limited has increased its control in Stanbic IBTC after acquiring more shares in the Nigerian lender. In a notice...
Stanbic IBTC Nominees Limited, a substantial shareholder of Guinness Nigeria, has reduced its stake in the brewer, as new investors take up shares in the alcohol...
The move by the Central Bank of Nigeria (CBN) to stop the sale of dollars to Bureau De Change(BDC) operators made headlines in recent weeks. The...
Nigerian commercial bank, Stanbic IBTC Holding Plc, has launched a single sign-on feature on its mobile app. The launch of the feature comes as the bank...
The stock market continues to decline two days after the Workers’ Day holiday, as the equity capitalisation declined to N20.63 trillion on Wednesday, against the N20.83...
Stanbic IBTC recorded a lower fourth quarter revenue last year when compared to the corresponding period of 2019. The lender, however, managed to grow its revenue...
Confidence was high during trading on Monday as investors’ participation pushed the Nigerian Stock Exchange (NSE) equity capitalisation upward to N20.259 trillion at the close of...
Stanbic IBTC has established an insurance subsidiary, Stanbic IBTC Insurance after the National Insurance Commission (NAICOM) issued the lender regulatory approvals and license. The insurance company...
Stanbic IBTC Holdings Plc Friday said it now had in place the go-ahead of regulatory authorities to complete a diversification process that would birth a new...
Kakwagh Ngunan, an Economic and Financial Crimes Commission (EFCC) witness, narrated to the court on Monday how Senator Bassey Albert while serving as a Commissioner for...
Foreign investments valued at $23.9 billion (over N8.771 trillion) came into Nigeria by way of 22 banks last year, the statistics office has said. The injection...
Stanbic IBTC Holdings Plc, has announced it is proposing a final dividend of N2 per share totalling N21.010 billion for Full Year 2019. This brings the total dividend...
Leading lender, Zenith Bank Plc has recorded an after-tax profit of N208.843 billion for Full Year 2019, thus becoming the second after Stanbic IBTC among Nigeria’s...
Integrated digital payments and commerce company, Interswitch Limited, has listed its N23 billion bond on the Nigerian Stock Exchange (NSE). The Callable Senior Unsecured Bond, which...
Stanbic IBTC Holdings Plc has declared an after-tax profit of N75.035 billion for Full Year 2019, compared to the N74.440 billion recorded in the same period...
Union Bank of Nigeria Plc has announced that all is set for the issuance of its Series 3 and 4 Commercial Paper Issuance. In its notice...
Throughout last week, the Nigeria Stock Exchange (NSE) recorded a bullish session as both the All Share Index (ASI) and the market capitalisation appreciated each day...
Despite having 3 days of bullish run, it wasn’t enough to stop the Nigerian Stock Exchange (NSE) from closing on a bearish note. The week saw...
Stanbic IBTC, in its Q3 2019 financial statement for the 9 months period (9m) ended September 30, 2019, recorded a 66.68% drop in its earnings from...
The National Association of Nigerian Students (NANS) has issued an ultimatum to South African owned businesses and nationals to leave Nigeria. NANS issued the ultimatum on...
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has announced its mid-year audited results for the period ended June 30, 2019. The Group...
AFC approves $230 million loan for 9mobile – NEWS From Etisalat to 9mobile – the story in between Company’s debt history What’s the future? Technically, the...
Stanbic IBTC Ventures Limited (SIVL) said it has surrendered its operating licence as a venture capital manager. The company made the disclosure in a notification to...
Despite the improving macroeconomic environment, the banking industry seems likely to continue to grapple with Non-Performing Loans (NPLs), in the short-term at least, as financial results...
A new banking product to enable Small and Medium scale Enterprises (SMEs) save on cost and optimize their business/revenues has been introduced by Stanbic IBTC Bank,...
First Bank of Nigeria Limited, Stanbic IBTC, Standard Chartered Bank (SCB) and Zenith Bank Plc have been appointed the settlement banks for the $2.5 billion bilateral...
The release of major corporate earnings reports failed to stimulate the Nigerian equities market in the immediate past week as investors scrambled to offload Nigerian banking...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has confirmed that telecommunication giant, MTN Nigeria, has not filed the initial application draft that will...
Nigerian equities reopened on Monday with a continuing overhang of sell pressure as investors sought to take profits from earlier capital appreciation and readjust their portfolios....
The Nigerian Bureau of Statistics (NBS) has stated that Stanbic IBTC, in the second quarter of this year, facilitated about $589.84 million capital inflow into the...
Union Bank of Nigeria (UBN) Plc has received approvals from the Securities and Exchange Commission (SEC) to move forward on raising Tier 1 capital through supplementary...
The board of directors of Stanbic IBTC Holdings Plc on Wednesday announced that the bank would be paying a 5.0 kobo dividend per share for the...
For the second consecutive trading session, Nigerian equities continued on the downtrend on Wednesday as investors sought to rebalance their portfolios in view of recent price...
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced major executive appointments and changes in its management structure. Yinka Sanni has been named...
Nigerian equities recorded marginal decline on Tuesday as investors turned round to take profit on the recent streak of appreciation. With 25 decliners to 13 advancers,...
Stanbic IBTC has leveraged on evolving technologies with the launch of a new mobile app to get its products closer to Nigerians. The app officially released...
Nigerian equities recorded their third consecutive decline on Wednesday as selling pressure from a mix of profit-taking and Yuletide transactions shaved off N42 billion from the...
The Nigerian stock market continued on the upswing on Thursday at the Nigerian Stock Exchange (NSE) as investors sought to take positions in leading banking stocks....
Apparently worried by signs that most investors targeted by its $1 billion Eurobond sale are foot dragging, the Nigerian government has agreed to appoint Citigroup, Standard...
There were more decliners than advancers as the equities market reopened on Monday to widespread selling orders but gains recorded by oil and gas stocks rallied...
After two consecutive weeks of losses, Nigerian equities rallied on the back of bargain-hunting for highly capitalised stocks to record net capital gain of N138 billion...
The Central Bank of Nigeria, CBN, yesterday faulted the Financial Reporting Council’s indictment of Stanbic IBTC Holdings Plc, describing it as baseless and lacking in merit....
In from Ali Smart . . . The last may not have been heard of the Stanbic IBTC saga following the suspension of the bank’s directors...
In from Success Allantee … Stanbic IBTC Holdings Plc, the holding company for Stanbic IBTC Bank Plc has fallen into troubled waters, as Financial services regulators...
In from Ali Smart … Stanbic IBTC Bank Plc is being investigated by the Financial Reporting Council of Nigeria (FRCN) for allegedly engaging in unapproved transactions...
Stanbic IBTC Holdings Plc, the Nigerian subsidiary of South Africa’s Standard Bank Group, on Thursday reported a 52 per cent decline in pre-tax profit in the...
