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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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ICT

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Stanbic IBTC Tops List of Banks With Gender Balance In Executive Positions

 

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has reaffirmed its exemplary role in promoting the tenets of gender balance in the country. The leading end-to-end financial solutions provider has emerged top of the list of Nigerian banks with the highest female representation on its board of directors.

According to the Q1 2020 unaudited report on the Nigerian Stock Exchange (NSE), Stanbic IBTC Holdings PLC’s board of directors consists of 10 members. Among the 10 members are four female Non-Executive Directors, which represents 40% of the members. This is currently the highest when compared to other banks in Nigeria.

The four female Non-Executive Directors are Ifeoma Esiri, Ngozi Edozien, Nkemdilim Cay Uwaje, and Salamatu Suleiman. The board is led by Basil Omiyi, a Non-Executive Chairman.

Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC, described the feat as a confirmation of the organisation’s commitment to continue to lead the advocacy and amplification of gender balance at every level in the banking sector, and indeed the country at large.

He said: “It is underpinned by our core values as an organisation to have gender balance. Apart from our board composition, we currently have about 43% females in our workforce. This is because we recognize that gender balanceis vital to achieving sustainable development. It is our collective responsibility to build a world devoid of a gender gap, if we must make remarkable progress.”

He reiterated that Stanbic IBTC has been consistent in building gender diversity management. “In 2016, three out of the seven members of our board of directors were females. That is about 43%. To us at Stanbic IBTC, gender balance is a human aspiration and our decisions to give opportunities are always devoid of gender-related stereotypes.,” he added.

Sanni noted that the organization will not relent in its efforts to create healthy communities and accessible platforms, where there are no discrepancies in status, opportunities, and attitudes between people of different genders.

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Topics

CBN Honours SystemSpecs, Others for Promoting eNaira 

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Independents to Account for 25% Oil Production by 2020

Independents are projected to account for about 500kbpd by the year 2020, representing 25% of crude oil production in Nigeria, from the current level of 10%. The development is seen as a reflection of the changing landscape of the oil and gas industry in Nigeria. Key Recommendations: • Integration of the upstream to other parts of the value chain may eventually be driven by the independents. • Challenges such as security, especially for independents operating in shallow waters. Local companies reiterated that security and community challenges have greatly altered their cost of production which cannot be fully ascertained. When coupled with Government take and interest from loans the cost per barrel increases. • Government is to ensure that an enabling environment is created - independents need to be able to deliver on capacity growth and funding.

Naira Redesign, Queues and the Quest for a New Nigeria

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Union Bank Spearheads Agric Financing in Nigeria

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Union Bank Commemorates International Children’s Day with Barnyard Children’s Fiesta 

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