Other News

Ecobank Nigeria retains S&P Global 'B-/B' Ratings

Ecobank Nigeria retains S&P Global ‘B-/B’ Ratings

News January 23, 2024 at 8:42 am 0 comments

    Standard and Poors (S&P), a global rating agency has affirmed its ‘B-/B’ long- and short-term issuer credit ratings on Ecobank Nigeria, implying  the bank’s capacity to meet its current financial commitment on obligations despite the adverse business, financial, and economic conditions prevalent in the country.     The agency, however,  stated that further potential depreciation of the nairaRead More

More winners emerge in Stanbic IBTC Bank promo

More winners emerge in Stanbic IBTC Bank promo

News January 23, 2024 at 8:15 am 0 comments

    70  customers have emerged winners of cash prizes in the December draw of Stanbic IBTC Bank’s Reward4Saving Promo, a reward scheme for savings account holders of the bank, introduced to encourage savings culture.     Speaking during the draw, Head, Middle Markets and Youth Segment, Stanbic IBTC Bank, Layo Ilori-Olaogun applauded the commitment of participants and winners, whileRead More

Stanbic IBTC wins multiple awards at 2023 IFAs

Stanbic IBTC wins multiple awards at 2023 IFAs

News January 22, 2024 at 8:00 pm 0 comments

    Stanbic IBTC Holdings, a member of the Standard Bank Group,  has announced the recognition of several of its subsidiaries, across nine categories, at the prestigious 2023 International Finance Awards.     The globally-esteemed program acknowledged excellence in financial services, and spotlighted outstanding organizations in Africa, the Middle East, Asia, and Europe.     Reacting to the feats, the Chief Executive of Stanbic IBTC Holdings,Read More

Shoprite Nigeria shuts down another outlet over 'negative financial performance'.

Shoprite Nigeria shuts down another outlet over ‘negative financial performance’.

News January 17, 2024 at 9:24 pm 0 comments

    Retail Supermarket Nigeria Limited (RNSL) operating as Shoprite Nigeria, has announced  the closure of  another of its Nigerian outlets, the Ado Bayero Store in Kano, citing consumer buying power, high cost of doing business, rental cost and negative  financial performance.     Announcing the closure, in a statement issued yesterday, Tuesday,   its Chief Executive Officer, Hubertus Rick, statedRead More

Stanbic IBTC Holdings boosts governance profile with  strategic appointments to subsidiary boards

Stanbic IBTC Holdings boosts governance profile with strategic appointments to subsidiary boards

More News January 17, 2024 at 9:03 pm 0 comments

  One of the nation’s leading end-to-end financial services providers, Stanbic IBTC Holdings, has announced the appointments of some distinguished professionals, into its board.     The move, marked by the receipt of requisite regulatory approvals, reflected the institution’s commitment to maintaining robust oversight and delivering top-notch financial services to its clientele.     The coming on board of theseRead More