Stanbic IBTC Bank Reward4Saving promo has rewarded over 1,600 customers with N262 million in less than three years. The bank explained that the objective of the promo, which started in 2021, is to foster the savings culture among Nigerians, by recognising and rewarding individuals who commit to building and maintaining consistent saving habits. As a testament to the credibility of …

Inflationary pressures softened in the Nigerian private sector during April, following record increases in purchase costs and selling prices in March. Rates of inflation remained elevated, however, and limited growth of output and new orders as well as leading some firms to reduce employment. The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). Readings …

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 …

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 …

The Nigerian private sector dipped into contraction in October as a record increase in input costs impacted customer demand. Sharply rising prices also discouraged firms from purchasing inputs and caused delays in the completion of orders. On a more positive note, employment continued to rise amid company expansion plans. The headline figure derived from the survey is the Stanbic IBTC …

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has concluded the SME Collab Market Storm, among a series of market storm events, which drew a turnout of more than 5,000 individuals, including entrepreneurs and local businesses. The participants engaged with Stanbic IBTC Bank and its wide array of banking products and services. The SME Collab Market Storm events …