30 results
- 31 Oct 2023
Stanbic IBTC Bank now Private Liability Company
Stanbic IBTC Holdings Plc has announced that its banking subsidiary, Stanbic IBTC Bank, has been re-registered as a private company limited by shares. The announcement was made in a corporate notice…
- 31 Mar 2021
Stanbic IBTC Bank Launches SMS Banking Solution with Funds Transfer Functionalities
Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC Holdings Plc, has launched its 3S (SMS/Self Service) Banking Solution with funds transfer and bill payment capabilities. This is unique a SMS…
- 23 Feb 2009
Stanbic IBTC Unwraps Business Banking Device
Stanbic IBTC Bank has taken the wrapper off its new business online in the country that will help people at the comfort of their home or offices transact their businesses. Chris Newson, chief…
- 26 Nov 2015
Stanbic IBTC Bank Launches NCR Interactive Teller Machine
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has introduced NCR interactive teller machine (ITM), an innovative product that will allow customers perform full banking activities 24 hours…
- 27 Feb 2019
Supreme Court Orders Stanbic IBTC Bank to Pay Customer N2.5Bn Damages
Supreme Court of Nigeria has affirmed the judgement of a Federal High Court sitting in Lagos, Southwest Nigeria that ordered Stanbic IBTC bank Plc to pay one of its customers, Mr Patrick Akinkuotu…
- 15 Oct 2015
Stanbic IBTC Bank Launches Automated Cash Deposit, Recycling Solution
To deepen the Central Bank of Nigeria (CBN)’s cashless policy, Stanbic IBTC Bank, a member of Standard Bank Group, has implemented the usage of an Automated Cash Deposit and Recycling solution to…
- 6 Feb 2012
Stanbic IBTC Money Market Fund Rated Aa(f)
Stanbic IBTC Money Market Fund, one of the six Mutual Funds managed by Stanbic IBTC Asset Management Limited and regulated by the Securities & Exchange Commission (“SEC”) has recently…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 18 Feb 2020
Stanbic IBTC Signs Agreement with Afreximbank on ₦300bn Bond Issuance
Stanbic IBTC Capital Limited, a subsidiary of the Stanbic IBTC Holdings PLC, has established a ₦300 billion Domestic Bond Programme for the African Export-Import Bank (Afreximbank). The signing…
- 19 Oct 2020
Stanbic IBTC Restates Commitment to Host Communities
Stanbic IBTC Holdings Plc has reiterated its commitment towards creating a positive impact within its host communities through its Corporate Social Investment (CSI) initiatives. The financial…
- 22 Jul 2024
Stanbic IBTC Expands Securities Lending to Fixed Income Securities
Stanbic IBTC Bank Limited, has announced the extension of its securities lending services to include fixed income securities. This development marks a new milestone in the Nigerian capital market,…
- 2 Aug 2026
FCT Court Awards Ex-Customers N15m against Stanbic IBTC over Data Privacy Breach
Federal Capital Territory High Court has ordered Stanbic IBTC Bank Limited to pay N15 million in damages to two former customers after finding that the bank unlawfully retained and processed their…
- 15 Jan 2021
Stanbic IBTC Bureau De Change Discontinues Operations
Stanbic IBTC Holdings Plc has announced that its Bureau De Change subsidiary, Stanbic IBTC Bureau De Change Limited has discontinued business since January 1, 2021, by relinquishing its operating…
- 22 Dec 2015
Court Orders Stanbic IBTC to Pay N4.5Bn as Compensation
A Federal High Court sitting in Lagos has ordered Stanbic IBTC Bank Plc to pay a former Group Managing Director of Afribank Nigeria Plc, Patrick Olayele Akinkuotu and his company, Longterm Global…
- 20 Feb 2025
DMO Appoints Stanbic IBTC as New FG Stockbroker
The Debt Management Office (DMO) on Thursday appointed Stanbic IBTC Stockbrokers Limited as the Federal Government’s official stockbroker, marking a strategic move to bolster Nigeria’s domestic bond…
- 6 Jul 2010
Stanbic IBTC, UBA Finance Gas Pipeline Project in Akwa Ibom
Stanbic IBTC Bank Plc and United Bank for Africa(UBA) Plc have signed a US$60 million eight year project finance facility agreement to part finance the construction of a gas pipeline, gas central…
- 2 Jul 2025
Stanbic IBTC Holdings Rights Issue Oversubscribed by 21.9%
Stanbic IBTC Holdings Plc has announced the successful close of the N148.7 billion Rights Issue subscription exercise following the completion of the verification exercise by the Central Bank of…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 5 Aug 2015
Name and Shame: FCMB, MRS Fight over N6.2Bn Debt
Central Bank of Nigeria (CBN)-initiated name and shame campaign of banks’ delinquent debtors gained further momentum on Wednesday as First City Monument Bank Limited and Ecobank Nigeria published…
- 13 Dec 2021
Stanbic IBTC Launches Business-specific Loans for SMEs
Stanbic IBTC Bank Plc has launched a business-specific facility to assist Small and Medium-scale Enterprises (SMEs) meet up with the expected surge in patronage during the yuletide season. Speaking…
- 26 Jun 2023
Stanbic IBTC Holdings Gets Fitch’s ‘AAA(nga)’ Rating
Stanbic IBTC Holdings Plc, has received a significant affirmation of its creditworthiness as Fitch Ratings reaffirms its National Long-Term Ratings at ‘AAA(nga)’ with a Stable Outlook. The rating…
- 21 Sept 2014
Stanbic IBTC’s ETF 30 to be Admitted into NSE List
Stanbic IBTC Asset Management Limited said its Exchange Traded Fund (ETF 30) would be admitted into the daily official list of the Nigerian Stock Exchange (NSE) soon. Olumide Oyetan, chief executive…
- 13 Jan 2022
Stanbic IBTC Holdings to Establish Fintech Subsidiary
Stanbic IBTC Holdings Plc announced that it had commenced the process of seeking regulatory approvals to establish a wholly-owned financial technology subsidiary to be known and referred to as…
- 5 Oct 2025
SEC Fines Stanbic IBTC Capital N50m over GTCO Share Offer
Securities and Exchange Commission (SEC) has fined Stanbic IBTC Capital Limited N50.145 million for regulatory infractions tied to its role in Guaranty Trust Holding Company Plc’s (GTCO) landmark…
- 22 Mar 2017
Peterside Resigns from Stanbic IBTC Board
Atedo Peterside, chairman of Stanbic IBTC Holdings Plc, has resigned from the board of the company. His resignation takes effect from March 31. In an email to directors of the company titled ‘moving…
- 21 May 2015
Loan Dodgers Owe Banks N138Bn
Loan default by customers made 13 Deposit Money Banks to lose a combined sum of N138 billion in the 2014 financial year, according to calculations by the Punch Newspaper. Data obtained from the 2014…
- 14 May 2020
Stanbic IBTC Offers Advice On Looming Post-COVID Recession
As the impact of the coronavirus (COVID-19) continues to ravage various economies across the globe, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has advised that Nigeria and her…
- 1 Apr 2020
Nigerian Banks Cap Debit Card Withdrawal Limit Abroad
Banks in Nigeria are placing limits on the amount any individual can withdraw from the ATMs using their debit cards while they are abroad. According to Reuters, these moves usually come from the…
- 23 Dec 2020
Stanbic IBTC Pension Fund Managers to Invest in Real Estate, Infrastructure
Stanbic IBTC Pension Fund Managers, Nigeria’s biggest pension-fund manager wants the flexibility to invest directly in large local projects. Financing the development of domestic industries with…
- 22 Nov 2013
Nigeria’s Highest Paid CEOs
Being a successful and influential chief executive officer takes hard work, guts, sacrifice and a more-than-average knowledge of how the business environment works. Many who wish to be successful and…