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Stanbic-IBTC Bank Plc

Stanbic IBTC

Stanbic IBTC offers low-interest agric loans

Stanbic IBTC Bank Plc has reaffirmed its commitment to the growth of Nigeria’s agriculture sector by supporting farmers and other players in the agricultural value chain.
Stanbic IBTC

Stanbic IBTC announces key executive appointments

Stanbic IBTC Holdings PLC said it had made major executive appointments across its units in an attempt to bolster its status as a market leader in the Nigerian financial services industry.

AGPC secures $260 million financing for $650 million gas processing facility

ANOH Gas Processing Company Limited (AGPC), a gas processing company established by the Nigerian Gas Company (NGC) and Seplat Petroleum Development Company Plc (Seplat) on a 50-50 basis has successfully raised $260million in debt to fund the completion of the AGPC Gas Processing Plant. The financing was more than 50percent oversubscribed.
Stanbic IBTC

Stanbic IBTC Bank commits to economic growth

During the session, panellists discussed the challenges which confronted Nigeria-China trade relations as a result of the COVID-19 pandemic, as well as the impact of recent regulatory pronouncements on trade between both countries.
The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.

Atedo Peterside: Nigerian government shouldn’t open borders for only Dangote

The founder of Stanbic IBTC Bank Plc, Mr Atedo Peterside, has complained that only Dangote Industries Limited is allowed to move goods across the border amid the closure of the country’s land borders.
The regional branch of West Africa’s BCEAO central bank has reopened in Mali for the first time since a military coup last week, Hamadoun Ba, the president of Mali’s banking lobby, told Reuters on Monday.

West Africa’s BCEAO central bank reopens in Mali for first time since coup

The regional branch of West Africa’s BCEAO central bank has reopened in Mali for the first time since a military coup last week, Hamadoun Ba, the president of Mali’s banking lobby, told Reuters on Monday.
Stanbic IBTC

Stanbic IBTC Bank reacts to Ascon Oil story

The management of Stanbic IBTC Bank PLC (“the Bank”) has reacted to a publication by various online media, which purports to indicate that Ascon Oil Limited (“Ascon”) ‘retook possession’ of a property along Lekki Admiralty Way, pursuant to an alleged Court Order issued in their favour.
Mr. Haruna Momoh, a former managing director of the Pipelines and Product Marketing Company (PPMC), and his wife, Eileen have berated the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and accused it of mischief following its claim that it obtained an interim injunction to seize about N2.9 billion naira belonging to the couple. The ICPC said it traced the cash to bank accounts in Nigeria.

Former PPMC boss used wife to launder $700 million – witness tells court

Mrs Jane Asuquo, an Independent Corrupt Practices and Other Related Offences Commission (ICPC)’s witness, on Wednesday, told a Federal High Court, Abuja, that Haruna Momoh, former Managing Director, Pipelines and Products Marketing Company (PPMC), used his wife, Ochuko, to launder the agency’s 700 million dollars.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank, bankers committee suspend planned lay-offs in banks

The Spokesman of CBN, Isaac Okorafor in a statement said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
Dr Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC

Demola Sogunle: Nigerian businesses need to position themselves

Nigerian businesses need to prepare and brace themselves for a highly challenging period ahead as the coronavirus pandemic disrupts day-to-day life and commerce.
Magnus Abe

Ogoni clean up: Senator Magnus Abe warns federal government, HYPREP

Magnus Abe, former representative of the Rivers South-East Senatorial District, has warned the federal government that the $1billion Ogoni clean up must not be consumed by the “Nigerian factor”.

Nigeria’s economy attracts $5.36 billion in third quarter 2019

The total value of capital importation into Nigeria stood at $5.36 billion in the third quarter of 2019, the National Bureau of Statistics (NBS) capital importation report released yesterday has shown.
National Bureau of Statistics NBS

NBS: Investment inflow dropped by $460m in three months

The National Bureau of Statistics (NBS) on Monday disclosed that foreign inflow decreased from $5.82 billion in the second quarter of the year to $5.36 billion in the third quarter, a difference of $460 million.

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.

Three candidates that may succeed Godwin Emefiele

Nigeria’s central bank governor for the next five years will have to balance fighting inflation and propping up the currency against pressure to boost an economy that’s expanding slower than emerging-market peers.

N1 billion contract debt: Central bank, 14 banks deny overseeing Imo’s account

The Central Bank of Nigeria (CBN) and 14 other banks out of the 17 ordered by an FCT High Court to show cause why plea for garnishee of alleged accounts operated by Imo Government should not be made absolute, had denied overseeing the state’s accounts.
National Judicial Council | NJC

Stakeholders seek NJC intervention on violence during Rivers elections

Stakeholders in Rivers State on Tuesday has called on the National Judicial Commission (NJC) to ensure justice is meted out to perpetrators of violence during and after the 2019 general elections.
Stanbic IBTC

Stanbic IBTC inaugurates Africa-China banking centre

In a move aimed at offering Nigerian and Chinese clients a business-to-business networking and personal advisory service and also help them to access and unlock opportunities in Nigeria-China trade, Stanbic IBTC Bank Plc has commissioned an Africa-China Banking Centre (ACBC) in Lagos.

Stakeholders unveil strategies to deepen Nigeria’s debt market

Critical steps required to deepen Nigeria’s debt market was the focus of discourse in Lagos as the Annual Bonds, Loans and Sukuk Nigeria Conference was held in the Nigerian commercial capital on November 6, 2018 at the Eko Convention Centre.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

Lai Mohammed: CBN, MTN getting closer to settlement

Nigeria's central bank and South African telecommunications firm MTN could soon strike a deal in their dispute over the repatriation of $8.1 billion, Nigeria's information minister said on Wednesday.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

Central bank promises ‘equitable resolution’ over sanctions imposed on MTN, banks

The Central Bank of Nigeria on Wednesday said it has commenced a review of the information provided by telecoms giant, MTN, and four banks sanctioned recently over alleged illegal repatriation of funds.

MTN: Central bank debits four banks N5.87 billion

The Central Bank of Nigeria has debited the four banks it sanctioned over the breaching of its capital importation policy of N5.87 billion.

Recent Stories

Taraba governor: Senator Alhassan’s demise a personal loss

Taraba State Governor Darius Ishaku has described the death of former minister of Women Affairs Senator Aisha Jumai Alhassan as a personal loss to him.

President Buhari mourns Senator Al-Hassan’s demise

President Muhammadu Buhari on Friday said he is deeply saddened by the death of Hajiya Aisha Jummai Al-Hassan, “Mama Taraba’’, who was Minister of Women Affairs and Social Development during his first term in office.
Newcastle gave their Premier League survival hopes a huge boost after hammering Leicester 4-2 at the King Power Stadium.

Newcastle boost survival hopes after hitting four past Leicester

Newcastle gave their Premier League survival hopes a huge boost after hammering Leicester 4-2 at the King Power Stadium.
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

Edo to spend N3 billion on economic recovery programme

Edo state government will spend over N3 billion to implement the Covid-19 Action Recovery and Economic Stimulus Programme.
Nigerian National Petroleum Corporation (NNPC)

NNPC begins work on Port Harcourt refinery

The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians.

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Kano State Governor Abdullahi Umaru Ganduje

Press Freedom Day: Kano governor wants journalists to be accurate, objective

Kano State Governor Abdullahi Umar Ganduje on Monday urged journalists to be resolute in maintaining accuracy, objectivity and professional ethics in their line of duty to deepen good governance without heating up the polity.
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to always consider its economic policy choices, before taking decision, in order to FastTrack economic growth, its recently launched 2021 Economic Outlook has said.

Food scarcity: Why President Buhari must assent to PVP bill now – experts

The Nigerian Economic Summit Group (NESG) and the National Agricultural Seeds Council (NASC) in collaboration with the Alliance for a Green Revolution in Africa (AGRA) have called on President Muhammadu Buhari to assent to the Plant Variety Protection (PVP) Bill now, stressing that it will unlock potentials across Nigeria’s Agricultural ecosystem while protecting farmers.
Eden Hazard will make his comeback from injury as Real Madrid face Elche on Wednesday, Zinedine Zidane has confirmed.

Chelsea defender hails Eden Hazard ahead of Stamford Bridge return

Chelsea defender Andreas Christensen was full of praise for Eden Hazard ahead of the Real Madrid winger's return to Stamford Bridge.
PSG did not have a good match in Manchester and Mauro Icardi and Alessandro Florenzi's futures at the club are in doubt.

Mauro Icardi, Alessandro Florenzi singled out after Champions League elimination

Man City were the better team and deserved to go through to the Champions League final. In France, there is talk of two players who could leave the Parisian side.
The National Human Rights Commission (NHRC) has called for the arrest and subsequent trial of operatives of the Department of State Services (DSS) and other security officials involved in the invasion of the Federal High Court in Abuja.

Nigeria’s secret police warns against inciting utterances

The Department of State Services (DSS) has warned highly placed individuals in the society against inciting statements and utterances which can cause disunity or forceful change of government.