Category: Business

Stanbic IBTC Bank Emerges Best Sub-Custodian Bank in Nigeria

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has emerged as the Best Sub-Custodian Bank in Nigeria at the 2021 edition of the International Finance Awards. The International Finance Awards recognises industry talents, leadership skills, industry net worth and capability on an international platform. After careful consideration of nominations by a qualified…

Fidelity Bank to help Entrepreneurs Explore US Market

Leading financial institution, Fidelity Bank Plc, is set to host a workshop for businesses looking to scale and expand their reach into new international markets. The training, which is scheduled for Wednesday, 6 April 2022 in Aba, Abia State, is being put together in collaboration with Export & Sell Limited -a trade enabling platform that…

Fidelity Bank presents N10million to Winners of GAIM 5 4th Monthly Draw

Ten customers of Fidelity Bank Plc have smiled home with N1million each having emerged winners in the fourth monthly draw of the Fidelity Bank Get Alerts in Millions season 5 promo (GAIM 5). Speaking at the prize presentation event in Lagos, the Promo Chairperson and Executive Director, Lagos and South-West, Fidelity Bank Plc, Dr. Ken…

Full Year 2021: Transcorp Group Delivers Outstanding Performance As PBT Hits N27.9bn

Transnational Corporation of Nigeria (Transcorp) Plc, Nigeria’s largest, leading listed conglomerate with investments in Hospitality, Power, and Oil and Gas sectors, has reported significant performance, across all its major investment lines, for the financial year ended December 31, 2021. Notwithstanding the tough operating and business environment, the conglomerate saw its revenue leap appreciably by 48%…

Fintechs & Merchants Laud Fidelity Bank for New Digital Payment Solution

Leading Nigerian bank, Fidelity Bank Plc, has been commended for simplifying digital payments and the customer journey following the recent launch of PayGatePlus, a one-stop solution for payments that caters essentially for all business categories within the financial ecosystem. Powered by OnePipe, PayGatePlus is a next-generation embedded finance platform which enables organisations in any sector…

Stanbic IBTC Tasks Nigerian Investors to Tap into AfCFTA to Boost Intra-Africa Trade

Stanbic IBTC Bank PLC, a subsidiary of Standard Bank Group, has urged Nigerian investors and business owners to harness and maximise the business opportunities that are inherent in the African Continental Free Trade Area (AfCFTA) agreement. This will help boost intra-Africa trade beyond the current level of 17 per cent as well as promote industrialisation…

Heritage Bank Plc, Lagos Commodities and Futures Exchange (LCFE) and other participating financial institutions explored opportunities on export revenue from the Commodities Ecosystem as part of its supports to the Central Bank of Nigeria’s (CBN) to raise $200billion in foreign exchange repatriation from the non-oil exports over the next three to five years. At a…

In a bid to deepen positive customer experience and create new opportunities for businesses to grow revenue, Fidelity Bank, in collaboration with OnePipe, launched payment gateway PayGatePlus on Wednesday, March 16, 2022, at the Eko Hotel & Suites in Lagos. PayGatePlus, which is an upgraded version of the legacy PayGate product by the bank, is…

Fidelity Bank Sensitizes Customers on Emerging Opportunities in Non-Oil Exports and CBN RT200 FX Policy

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in Akure, Ondo State. Hosted by leading financial institution, Fidelity Bank Plc, the workshop tagged, Harnessing…

Stanbic IBTC Infrastructure Fund 2021 Distribution to Unit Holders

Stanbic IBTC Asset Management (“the company”), a subsidiary of Stanbic IBTC Holdings PLC recently announced its final 2021 distribution of NGN2.00 per unit to unit-holders invested in Tranche I of the Stanbic IBTC Infrastructure Fund (“the Infrastructure Fund”). The distribution, which was made in January 2022, is in addition to the interim distribution of N1.24…