Category: Business

Stanbic IBTC Bank Nigeria PMI: Output returns to growth but inflationary pressures remain elevated

The Nigerian private sector returned to growth in December, with renewed increases in both output and new orders recorded amid some signs of recovery in demand. This was despite continued intense inflationary pressure, with purchase costs and selling prices each rising at sharper rates than in November. Meanwhile, business confidence dropped to the joint-lowest in…

University of Ibadan Honours UBA GMD, Alawuba, as UI @75 Ambassador

Nigeria’s premier university, University of Ibadan (UI) has appointed the Group Managing Director/CEO of United Bank for Africa.(UBA) Plc, Mr. Oliver Alawuba, as an Ambassador of the university following the commemoration of its seventy-five years in existence. The conferment on Alawuba, who is himself an alumnus of the great institution,  is in recognition of his sterling contribution…

Stanbic IBTC Announces New Appointments to its HoldCo & Subsidiary Boards

Stanbic IBTC Holdings PLC, a member of Standard Bank Group and the leading end-to-end financial services provider in Nigeria, recently announced various Board appointments across the Group. These appointments are a reflection of the Group’s commitment to strengthening its leadership teams and driving continued growth and innovation in the financial services sector. Mrs. Ndidi Nwuneli,…

Stanbic IBTC Nominees Recognised as Global Finance’s 2023 Best Sub-Custodian Bank in Nigeria

Stanbic IBTC Nominees, a subsidiary of Stanbic IBTC Bank, has been honored with the prestigious Best Sub-Custodian Bank Award in Nigeria at the 2023 Global Finance Awards. This feat marks the 15th time the Bank has received this esteemed honour, reaffirming its commitment to providing innovative and efficient services to clients worldwide. The award recognises…

Stanbic IBTC Wins Prestigious Awards for Gender Diversity, Equality

Stanbic IBTC Holdings PLC, a member of Standard Bank Group and a leading end-to-end financial institution in Nigeria, proudly received two coveted awards at the esteemed International Finance Corporation (IFC) and Nigerian Exchange Limited (NGX) Nigeria2Equal Program Dinner and Awards event which was held in Lagos. The event celebrated organizations that exemplified unwavering dedication to gender equality and the empowerment of women in the workplace. Stanbic IBTC…

LOTUS Bank Renovates Yabatech Banking and Finance Department

As part of its commitment to supporting the educational sector in Nigeria, LOTUS Bank, a leading Non-interest financial institution, has donated a brand-new 18-seater bus to Yaba College of Technology, Lagos. The donation was made alongside other contributions, which includes the renovation of the college’s Banking and Finance Department, the provision of office equipment for…

GTCO Shareholders Endorse N91.24bn Total Dividend Payout for 2022

Shareholders of Guaranty Trust Holding Company (GTCO) Plc, have endorsed the payment of a total dividend of N91.236 billion, representing N3.10 per share for the financial year ended December 31, 2022. This endorsement was made at the holding company’s second annual general meeting held on Thursday, virtually. The Group proposed a final dividend of N2.80…

Stanbic IBTC Holdings PLC, a leading provider of financial services in Nigeria, is pleased to announce the commencement of operations of its wholly-owned financial technology subsidiary. Having received all required regulatory approvals and licenses to commence operations, the subsidiary will operate under the name Stanbic IBTC Financial Services Limited. It will function primarily as a…

GTCO Reports Profit Before Tax of N74.1billion in Q1 2023

Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦74.1billion, representing an increase of 36.5% over ₦54.3billion recorded in the corresponding…

2022 FY Audited Result: GTCO Plc Declares Profit before Tax of ₦214.2billion, Dividend of ₦3.10

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦214.2billion, representing 3.3% dip from ₦221.5billion posted in the corresponding year ended…