Stanbic IBTC Bank Limited, a subsidiary of Stanbic IBTC Holdings, has been recognised as the Most Outstanding Bank Supporting Women-Owned Businesses at the Women in Marketing and Communications Award (WIMCA) held in Lagos, Nigeria recently. WIMCA is the largest gathering of female professionals in brand, marketing and communications in Nigeria and Sub-Saharan Africa. The event celebrates outstanding women and corporate …

Five winners emerged in the grand finale of the 2023 edition of Sterling’s Agriculture Summit Africa (ASA). This year’s edition, which featured a pitch competition called AgroPitch, saw Green Republic Farms Limited crowned the top agroprenuer, walking away with five million naira in grants and an agribusiness entrepreneurship training program from the Lagos Business School. This year’s summit was sponsored …

Five lucky Nigerians at the weekend hit a fortune when they emerged millionaires in the ongoing Polaris Bank ‘Save & Win’ promo. The live quarterly draw, which took place at the bank’s headquarters annex, Alausa Ikeja, Lagos at the weekend, further underscored Polaris Bank’s dedication to fairness in all its promotions and activities. The development is in line with its …

Union Bank of Nigeria said it has notified all stakeholders about the final process of obtaining approval to delist its shares from the Nigerian Exchange Group (NGX). The bank said in a statement that, upon completion of the process, its shareholders would receive a scheme consideration of N7.70 per share. Last May, Union Bank had received an offer from its …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has announced its innovative specialised mortgage solution designed to address the challenge of accessing mortgage finance for salary earners. Leveraging the Pension Commission’s policy update allows pension contributors to access part of their retirement savings as equity contributions for a mortgage. This unique product provides individuals with a more accessible pathway …

Shareholders of Sterling Financial Holdings Company Plc have commended the board and management of the company for its performance in its operations and earnings, and the diversification of the group’s business lines since completing the transition to a holding company structure. This commendation was shared at the recently held statutory meeting in Lagos. The hybrid statutory meeting, which was held …

The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators whose activities are allegedly contributing to the depreciation of the naira against major foreign currencies. A source in the apex bank said the speculators and hoarders are sabotaging the government’s efforts aimed at stabilising the naira against the dollar. The government’s efforts to stop the …

The Nigeria Deposit Insurance Corporation (NDIC) has paid N1.39 billion to 36,163 depositors of 110 closed microfinance banks and three primary mortgage banks. According to the CEO of NDIC, Bello Hassan, this followed the recent revocation of some MFBs and PMBs licences by the Central Bank of Nigeria (CBN), revealing that the payments of the statutory insured sums are still …

The Central Bank of Nigeria (CBN) has instructed all its branches nationwide to continue issuing various denominations of both old and redesigned banknotes in ample quantities to deposit money banks. The apex bank disclosed this in a statement signed by its Director, Corporate Communications, Mr. Isa AbdulMumin, and posted on its X handle on Wednesday. This comes in response to …

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings and leading Pension Fund Administrator (PFA) in Nigeria, proudly announces receipt of the prestigious Judges’ Choice Award for Excellence and Innovation in the Communication and Engagement category at the WorldPensionSummit. This recognition was for the 2022 FUZE Festival organised by Stanbic IBTC Pension Managers in its attempt to meaningfully engage Nigerian youths …