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Business

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Capital Market

NGX Group, Lagos State, HEI Expand Project BLOOM to Alimosho, Building on Measurable Social Impact

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Stockbrokers, Securities Dealing Houses Congratulate NGX on N100tn Market Capitalisation

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Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

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FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

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Insurance

Heirs Insurance Hackathon Opens: Nine University Students to Win N9m Innovation Prize

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Royal Exchange CEO: Recapitalisation Will Reposition Insurance Sector, Support $1tn Economy Goal

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Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

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SanlamAllianz Takes Financial Education to Lagos Markets

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Business

Repton Group Wins 2025 Dangote Cement Largest Distributor Award

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NGX Group, Lagos State, HEI Expand Project BLOOM to Alimosho, Building on Measurable Social Impact

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Stockbrokers, Securities Dealing Houses Congratulate NGX on N100tn Market Capitalisation

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Insurance

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Stanbic IBTC Bank Rewards 78 Savers with ₦16m in 6th Monthly, 2nd Quarterly Draws

Stanbic IBTC Bank remains committed to putting smiles on the faces of its customers by enhancing their financial well-being. At the bank’s recent Reward4Saving Season 4 Promo combined draw, 78 savers emerged as joint winners of ₦16 million.

The milestone event combined the sixth monthly draw with the second quarterly draw for this season. The initiative continues to turn everyday savings into meaningful rewards while inspiring more Nigerians to embrace the saving culture.

The combined draw, which was held on Wednesday, 15 October 2025 at Stanbic IBTC’s Head Office in Victoria Island, Lagos, saw 70 winners, 10 from each of the bank’s seven business zones, receive ₦100,000 each. Adding to the celebrations, seven lucky customers went home with ₦1 million each, while one saver clinched the grand quarterly prize of ₦2 million. Altogether, winners got ₦16 million in cash prizes.

The draw was overseen by regulators including the Federal Competition and Consumer Protection Commission (FCCPC), Advertising Regulatory Council of Nigeria (ARCON), and the Lagos State Lotteries and Gaming Authority (LSLGA) to ensure transparency and fairness throughout the process.

Since the launch of the Reward4Saving Season 4 campaign, 436 customers have collectively won ₦60 million. With a total prize pool of ₦130 million, the excitement is far from over, as ₦70 million remains to be won before the promo ends on 31 March 2026.

This generous reward scheme continues to fuel enthusiasm and strengthen loyalty among Stanbic IBTC Bank’s growing customer base nationwide.

Speaking at the draw, Sadiya Ojo, Head, Entrenchment, Stanbic IBTC Bank, reaffirmed the bank’s dedication to customers and its role in deepening Nigeria’s savings culture: “We are here to witness Stanbic IBTC Bank’s commitment to acknowledging the efforts of our loyal customers while promoting the importance of saving within our community.

Today, we are rewarding 78 savers with ₦16 million. This promotion is open to both existing and new customers. By saving just ₦10,000 in your Stanbic IBTC Savings Account or @ease Wallet for a continuous 30-day period, you automatically qualify for the draw. The more you save, the better your chances of winning.”

Bidemi Iziomoh, who emerged as the grand quarterly winner of ₦2 million, also shared his excitement. He said:

“I started banking with Stanbic IBTC Bank after facing challenges with my former bank. A friend introduced me to Stanbic IBTC, and I wasn’t even aware of the promo until I got a call. As a cybersecurity expert, I had to confirm the authenticity, so I checked the number on Truecaller and conducted some online research. To my delight, it was genuine. I have received my money, and I am deeply grateful to Stanbic IBTC Bank.”

Francis Goma, a dry cleaner and one of the ₦1 million beneficiaries, expressed his joy at winning in the Stanbic IBTC Bank Reward4Saving Promo. He said:

“When I first got the text message, I thought it was a scam. But I decided to come and verify, and to my surprise, it was real. I have been credited, and I am so happy because I plan to invest the money in my business. I honestly did not expect to win; I was simply saving as part of my normal routine. Today, I am a millionaire, thanks to Stanbic IBTC Bank.”

With six monthly draws, two quarterly draws, and the grand finale still to come, more opportunities lie ahead. Customers are encouraged to save at least ₦10,000 for 30 consecutive days in a Stanbic IBTC Savings Account or @ease Wallet for a chance to be among the next winners.

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COVID-19: Ecobank Nigeria Supports States with Food Items

Ecobank Nigeria has donated food items to several state governments across the country as contribution to various initiatives aimed at cushioning the effect of the current lockdown on citizens. These palliatives are targeted at the most vulnerable members of the society who have been the hardest hit economically as a result of the current crises. Speaking in Lagos, Executive Director Commercial Banking, Ecobank Nigeria, Carol Oyedeji said this action would also go a long way in supporting members of the community who earn a daily wage and may not have the opportunity of working under the present environment. She noted that the donations are part of the bank’s Corporate Social Responsibility (CSR) and focused on providing support as best as possibleShe remarked that “as a bank we give strong priority to people’s welfare. We are determined to assist ordinary Nigerians during the current difficulties and this is one of the ways we are achieving this. We are also offering concessions to our SME Lending customers at this time given the strain on their cashflows and creating ease for the general public to transact digitally while at home”. Ecobank Group has so far contributed over US$3 million to the fight against COVID-19 across its footprint in Africa in line with the Bank’s commitment to the Region. The Institution is supporting governments, the World Health Organisation (WHO) and partnering with private sector operators to alleviate the effect of the pandemic on citizens. These have been in the form of cash, healthcare equipment, donation of supplies, awareness campaigns while also using digital platform to provide funds to beneficiaries of various funds being distributed. The Bank is particularly mindful of the needs of its communities and remains committed to providing the appropriate support required.    
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