Fitch Ratings, the global leader in credit ratings and research, has re-affirmed the national ratings of Stanbic IBTC Bank PLC (“SIBTC”) and its holding company, Stanbic IBTC Holdings PLC (“SIBTCH”), in spite of the inclement operating environment, market volatility and present recession in Africa’s largest economy. Continue reading “Fitch reinforces Stanbic IBTC’s strong fundamentals”
A new lease of life has been injected into Ebute Metta Health Centre, Lagos, following the renovation of the female and children’s wards by Stanbic IBTC Holdings Plc as part of its corporate social investment objectives. The facility was commissioned on Monday, February 6, 2017. Continue reading “Stanbic IBTC revamps medical centre in Lagos”
Yinka Sanni named CEO, Stanbic IBTC Holdings PLC, Sola David-Borha Chief Executive Standard Bank, Rest of Africa and Demola Sogunle, CEO, Stanbic IBTC Bank PLC. Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced major executive appointments and changes in its management structure as part of strategic positioning to sustain its growth into the future. Continue reading “Stanbic IBTC announces Key Executive Appointments:”
The Federal Government of Nigeria (FGN) is doing some things right, such as the effort to curb overhead expenditures and to be more frugal than past administrations, but then they are also doing many things wrong. There is a reluctance to completely break from the past and embrace significant economic reforms, even when our present predicament clearly warrants same. Continue reading “Eleven Actions Required for Speedy Economic Turnaround. By Atedo Peterside”
TOPCOMM PR Concept & Events, Lagos based Public Relations and Events Management Agency has signed a strategic business partnership with Webloft Concepts, leading digital and Creative Marketing Agency to provide expert 360° degrees Public Relations communication campaigns for clients.
Continue reading “TOPCOMM PR and Webloft Concepts Signs Strategic Business Partnership ……. Clients to benefit expert 360° PR & Communications ingenuity”
Beyond Recession: Towards A Resilient Economy.
Distinguished Ladies and Gentlemen,
As part of their 14th Daily Trust Dialogue, the management of Daily Trust requested a presentation from me on “BEYOND RECESSION: TOWARDS A RESILIENT ECONOMY”. My focus will be on “Towards a resilient economy”, because virtually all the actions and policies that are required to help build a resilient economy are the exact same ones that will naturally take Nigeria well beyond today’s economic recession and unto a path of rapid and sustainable economic growth. If you aim for the skies you might end up at the ceiling. Likewise, if you do what is necessary to achieve rapid economic growth, then the chances are that you will at least attain modest growth, even where some plans fail. Continue reading “Economic Turnaround Possible Only If…- Atedo Peterside CON”
To help parents minimize the financial burden of school fees as schools reopen for a new term, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has encouraged parents to take advantage of its bouquet of payment solutions.
Stanbic IBTC Bank listed its educational payment solutions to include, Short Term Loans, Salary Advance (SALAD) for salaried workers as well as its Credit Cards that parents can take advantage of to pay the school fees of their children/wards without negatively impacting the family income. The bank said its prepaid cards are available to load pocket money for children/wards while the credit cards, which currently offer a 55-day interest moratorium, can be used to seamlessly pay school fees. The school fees payment solutions underline the importance the financial institution attaches to education, it added.
Executive Director, Personal and Business Banking, Stanbic IBTC, Mr. Babatunde Macaulay, said the educational development of children is the key to unlocking a prosperous future for the family and the bank is desirous to offer the necessary assistance to parents/guardians to ensure they bequeath their children this important legacy. “Stanbic IBTC understands the pivotal role education can play in transforming a society, which is why we have developed these products tailored to the needs of our customers as they strive to provide quality education for their children/wards,” Macaulay said.
“Stanbic IBTC, will continue to develop products and services to support the attainment of quality education. The school fees loan is a fast, simple and convenient way by which customers can meet their short term financial obligations to educate their children. And the repayment terms are very convenient” he added.
Other benefits of the school fees loans, according to Macaulay, include low interest rates, access to a revolving line of credit, flexible repayment terms, and the opportunity to access credit up to 100% of the customer’s income. With schools resuming for a new term, the school fees loans will help to alleviate the financial burden parents and guardians may face in paying school fees.
On how to access the products, Macaulay said the beneficiary must be a salary account holder with Stanbic IBTC Bank after which the customer can walk into any branch of the bank and apply for any of the loans in a few easy steps. The application is then processed within one week and the customer is contacted with feedback.
“Stanbic IBTC Bank will continue to leverage the expertise of the Stanbic IBTC Group to provide services and develop products that address the specific needs of our customers,” Macaulay said.
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group is the largest African bank by assets. It is rooted in Africa with strategic representation in 20 countries on the African continent, including South Africa. Standard Bank has been in operation for 153 years and is focused on building first-class, on-the-ground financial services organisations in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other, applying sector expertise, particularly in natural resources, globally.
In a bid to foster partnerships and address the ever-increasing demand for a comprehensive media monitoring and measurement service to brands in the African market, P+ Measurement services has entered into a strategic partnership with Reelforge Media monitoring, one of Africa’s fast growing media monitoring agency covering more than 5 countries across East Africa. Continue reading “Reelforge Partners Nigeria PR Measurement Agency, P+ Measurement Services”
The Stanbic IBTC’s Purchasing Managers’ Index (PMI) has indicated that the index attained a five month high, which was a reflection of an improvement in the macroeconomy.
This emerged after the Central Bank of Nigeria (CBN) revealed that its Manufacturing PMI stood at 52 index points in December 2016, also indicating an expansion in the manufacturing sector during the review period. The central bank’s PMI index had recorded decline in the preceding eleven months. Continue reading “Survey Shows PMI Rose Five-month High in December”
As part of efforts to bring the economy out of recession, Heritage Bank Plc in partnership with the Nigerian Young Professionals Forum (NYPF) has intensified its support to young entrepreneurs with Grant of N50million.
The Grant was awarded to about 35 young entrepreneurs from agricultural, creative industry and the information & communication technology (ICT) sector after a rigorous and transparent review process conducted by an independent body, out of the tens of thousands who applied for the grant. Continue reading “Heritage Bank partners YESGrant, offers N50m to entrepreneurs”