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Business

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ICT

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Capital Market

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Insurance

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Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

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NAICOM Pledges Commitment to Labour Standards, Staff Welfare

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Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

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  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

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ICT

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NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

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Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

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Investor Confidence: Stanbic IBTC Holdings Surpasses ₦100 Stock Price Threshold

Stanbic IBTC Holdings Plc has achieved a remarkable milestone, surpassing the ₦100 threshold on Tuesday, 29 July 2025, and achieving an impressive month-to-date gain of over 18% on the Nigerian Exchange, as at that date.

Ending last week at N101, this dynamic stock is not only solidifying its gains but also establishing itself as a key player in the market.

This surge in investor confidence towards Stanbic IBTC reflects a broader enthusiasm surrounding the company’s robust fundamentals, characterised by a stellar performance that includes a significant 23% rally, energising the entire banking sector in July. The upward momentum has been significantly propelled by the group’s exceptional Q1 2025 results, where they reported a remarkable pre-tax profit of ₦116.4 billion, an astounding increase of 85.6% when compared to the same period last year. These results not only demonstrate the bank’s ability to navigate challenging market conditions, but also its capacity for sustained growth.

Furthermore, in a move to bolster its position and enhance operational capabilities, Stanbic IBTC recently secured a substantial three-year CNY800 million (approximately ₦172 billion) loan facility from the China Development Bank. This strategic partnership reinforces Africa-China trade ties and highlights the company’s forward-thinking vision for growth and innovation.

Amidst an overwhelmingly positive sentiment prevailing in the market, Stanbic IBTC has now delivered an extraordinary year-to-date return of over 74% and a cumulative trading volume of 180 million shares; evidence of its strength and resilience.

Acting Chief Executive, Stanbic IBTC Holdings, Kunle Adedeji shared his insightful perspectives on the company’s outstanding performance in a recent statement. He emphasised: “Our commitment to delivering significant value for our shareholders is unrelenting. We are excited about our growth trajectory and the opportunities that lie ahead.”

Adedeji highlighted how the company’s focus on innovation and operational excellence has not only bolstered its market position but also boosted the culture of accountability and transparency within the organisation. He noted that the positive results being witnessed today are a direct outcome of the relentless efforts of the dedicated teams who are helping to realise the company’s vision.

Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, elaborated on the future, expressing optimism about the potential that lies ahead. “Being part of a group that actively explores new opportunities and seeks out partnerships to further enhance our capabilities, our strategies are designed not just for immediate returns, but to also build a sustainable future where our shareholders can continue to thrive alongside us.”

With a strong foundation and clear vision, Stanbic IBTC is poised for continuous growth and success in the ever-evolving financial landscape. As investor confidence strengthens and operational capabilities expand, Stanbic IBTC seems to be setting itself up for a bright and prosperous future.

 

 

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Unilever, Stallion Group Storm Lagos Shopping Festival 2015

Unilever Nigeria Plc, Stallion Group, STACO Insurance Plc and Accion Microfinance Bank Limited have joined a long list of other firms to confirm participation at the maiden Lagos Shopping Festival 2O15 set for December 17, 18 and 19 at Tafawa Balewa Square [TBS], Lagos. The theme of the Festival is: ‘Reinventing the Nigerian Economy via Non-oil Export.’ Other corporate firms set to join the train include Yudala, Skye Bank Plc, Ogun Property & Investment Corporation [OPIC], Wema Bank Plc, Chemical & Allied Products [CAP] Plc, Mr. Biggs amongst others. Prince Cookey, CEO, Lagos Shopping Festival 2O15, says the confirmation of participation by these leading firms is a clear indication that the Festival is on a positive path towards enduring legacy. He said Festival is a bargain opportunity for shoppers and business opportunity for corporate organisations to showcase their products and services in the December shopping season. “December is undoubtedly the NO 1 shopping season in Nigeria. The Festival would be a showcase of consumer goods, financial/insurance services, machinery, automobile and food etc. The essence is to provide consumers the unique opportunity of shopping for a wide range of goods and services at bargain prices while enjoying rare combination of music and entertainment at the venue.”

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