Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has once again solidified its position as a leader in the banking sector by clinching two coveted awards at the 2024 Euromoney Global Private Banking Awards. The bank emerged as ‘Nigeria’s Best International Private Bank’ and ‘Nigeria’s Best for Digital Solutions’, reaffirming its unparalleled expertise and commitment to delivering innovative financial …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has unveiled an enhanced version of its mobile app, optimized specifically for businesses. The updated app offers a range of new features designed to streamline and simplify digital banking for business owners. The enhanced mobile app for businesses provides a comprehensive suite of tools to manage finances efficiently. With an intuitive …

Stanbic IBTC Bank’s Reward4Saving 3.0 promo quarterly draw has once again produced a new batch of millionaires and enriched the savings journey of numerous customers. In the recent quarterly live draw of the promo, seven lucky customers of the Bank won the grand prize of N1 million each, while an additional 70 customers won ₦100,000 each. This marks a significant …

Stanbic IBTC, a leading financial service provider in Nigeria and a member of the Standard Bank Group, took a step towards enhancing education and fostering sustainable development in communities across Nigeria. The Group announced that it adopted four schools under its Adopt-a-School programme. The schools selected for adoption are Methodist School Mbiafun Nkwono Ikono, Akwa Ibom State; Aramoko District School, …

Price pressures intensified in the Nigerian private sector during February and were unprecedented in over a decade of data collection. Both input costs and output prices increased at the sharpest rates on record, with rising prices impacting demand. As a result, rates of expansion in output and new orders slowed sharply over the month, while employment decreased for the first …

The recovery in the Nigerian private sector gathered momentum at the start of 2024, with rates of expansion in output and new orders accelerating sharply. Purchasing activity also expanded markedly, but difficulties paying staff meant that the rate of job creation eased, contributing to a rise in backlogs of work. Meanwhile, rates of inflation remained elevated but softened from December. …

Stanbic IBTC Holdings, a member of the Standard Bank Group, announced the recognition of several of its subsidiaries across nine categories at the prestigious 2023 International Finance Awards. The globally esteemed program acknowledged excellence in financial services, and spotlighted outstanding organizations in Africa, the Middle East, Asia, and Europe. Chief Executive of Stanbic IBTC Holdings, Dr Demola Sogunle emphasised the enduring legacy of Stanbic IBTC Group as a …

Seventy customers have emerged winners of cash prizes in the December draw of Stanbic IBTC Bank’s Reward4Saving Promo, a reward scheme for savings account holders of the bank, introduced to encourage a savings culture. Customers who save at least N10,000 in their savings account for at least thirty days, qualify for the draw. During the draw, Head of Middle Markets …

Stanbic IBTC Holdings, a member of Standard Bank Group, has once again proven its commitment to delivering exceptional customer experiences by securing top spots in KPMG’s 2023 West Africa Banking Industry Customer Experience Survey. In the recently released survey results, Stanbic IBTC emerged as a leader in retail, SME and corporate segments, securing the prestigious top spot in the KPMG experience score in …

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 the decade-long survey so far. …