Banking Archives - Business Journal

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 Global Finance Best Sub-Custodian Bank Awards, for the tenth year in a row. The Global Finance Best Sub-Custodian Bank Awards is organised by the Global Finance Magazine and recognises

Digital banking platform provider, Layer has announced it is partnering with United Bank for Africa (UBA) to fuel its digital transformation aimed at providing greater access to a wider range of financial services for its Nigerian customers. Layer is a digital transformation platform that enables large financial institutions to rapidly revolutionize their customer and back-office

By Fabian Ekeruche Sterling One Foundation says it remains unwavering to its commitment to clean the Alpha and Eleko Beaches in Lagos State. Mrs. Olapeju Ibekwe, CEO, Sterling One Foundation, made the disclosure at an event to clean the Eleko Beach last Saturday. The News Agency of Nigeria (NAN) in Lagos reports that the event, which was

When VFD Microfinance Bank entered Nigeria’s budding virtual banking space with its VBank app in March 2020, it joined the ranks of challenger banks giving mainstream banks a run for their money. It was launched when consumers were groaning under the burden of high account maintenance fees, hidden bank charges and other difficult regulatory demands. It was also

Stanbic IBTC Holdings Plc has declared a dividend of 360 kobo per ordinary share of 50 kobo be paid to shareholders as well as one bonus share for every six ordinary shares held by them. Mr. Tunde Bamidele, a shareholder, appreciated the Board and Management of Stanbic IBTC for the steadfastness, hard work and dedication,

  As part of a smorgasbord of events at the ChangeNow 2021 programme, the UN HeforShe initiative which advocates for the creation of a more diverse and less gender-bias world, especially in workplaces, had a host of speakers including the Chief Executive (CE) of the Standard Bank Group, Sim Tshabalala, discussing ways to solve today’s

  Godwin Emefiele Governor Central Bank of Nigeria ​​Around the world, some 1.7 billion adults have never had a bank account. But 1.1 billion of them have a mobile phone. Innovation to expand digital financial inclusion in developing countries will be in focus at the 2021 symposium of the Financial Inclusion Global Initiative (FIGI), taking place online from

V Bank, Nigeria’s foremost digital bank powered by VFD Microfinance Bank has won the Banking App of the Year Award at this year’s GAGE Awards held in Lagos recently. The second edition of the award tagged: ‘’Year of The Digital Takeover,’’ is a comprehensive celebration of individuals and brands that have leveraged the power of the internet to make

L-R: Mobolaji Adewumi, Executive Director, Finance and Admin; Lolita Ejiofor, GM, Group Head, IT & Resources; Madu Hamman, MD/CEO; Oladipupo Adeoye, Executive Director, Treasury, Operations & Construction Finance. The mortgage industry is recording exciting news as one of the oldest Abbey Mortgage Bank recorded a Profit-Before-Tax of N76 million in Q1 2021, which is a

“My father was a shareholder of some companies, including banks, and he periodically received annual reports from them,” he recalls. “I found myself developing a special interest in reading and reviewing them.” This unusual reading material planted the seed of a desire to follow his father’s footsteps and enter the financial industry. There was only

In its audited financial statements for the period ended 31 December 2020, Stanbic IBTC achieved a pre-tax profit of N94.7 billion while the profit after tax for the same period was N83 billion. The bank is also set to hold its Annual General Meeting (AGM) on Thursday, 27 May 2021, at 10.00 am. The AGM would

Stanbic IBTC Holdings Plc held the 2021 edition of its Youth Leadership Series (YLS) on Thursday, 08 April 2021. The event held virtually this year due to the pandemic. Youths from across Nigeria and various parts of the world including the UK, USA and UAE were in attendance. Dr. Demola Sogunle, Chief Executive, Stanbic IBTC

Yinka Sanni Standard Bank Group, Africa’s largest bank by assets, has appointed Yinka Sanni as its new Chief Executive for Africa Regions and a member of the Group Leadership Council. Sanni, the group’s Regional Chief Executive for West Africa, takes over from Sola David-Borha, who is retiring after thirty-one (31) years of distinguished service to

To reiterate its commitment towards developing the agricultural sector, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Group, has concluded plans to sponsor the Alternative Agriculture Equipment Trade Show organised by Developing Markets Associates (DMA). The company said the sponsorship draws from the Federal Government’s renewed drive to mechanise its agricultural sector. According to the organisers, the event,

February data signalled another modest expansion in the Nigerian private sector, underpinned by solid growth in new orders and output. Companies continued to expand their purchasing activity and resumed hiring efforts during the month. Signs of spare capacity were again evident, with a fresh record reduction in backlogs registered. Meanwhile, unfavourable exchange rate movements, higher