Stanbic IBTC Bank has introduced a cross-border payment platform that enables Nigerian businesses to initiate transactions in naira and settle directly in Chinese yuan, in a move aimed at simplifying trade payments between Nigeria and China.
Industry experts express concern that for a financial institution whose most valuable asset is neither its branches nor its technology but trust, repeated regulatory breaches can become considerably more expensive than the fines attached to them.
April 21, (THEWILL) — Stanbic IBTC Holdings Plc has released its audited 2025 financial statements, reporting a post-tax profit of ₦380.8 billion, representing a 69% increase from ₦224.31 billion achieved in 2024. The company’s pretax profit hit ₦551.7...
February 25, (THEWILL) — Stanbic IBTC Holdings Plc has signalled a potential delay in the filing of its Audited Financial Statements (AFS) for the financial year ended December 31, ahead of the March 31 regulatory deadline.
In a notification to...
August 22, (THEWILL) - Stanbic IBTC Holdings has adopted a new name for its financial technology arm that was launched in May after 16 months in the works, the Tier-2 financial services group announced Monday.
Stanbic IBTC Financial Services...
The latest report from Stanbic IBTC on Nigeria's Purchasing Managers' Index (PMI) reveals a PMI reading of 51.7 for July, marking a slight dip of 1.5 index points from June's figure of 53.2. While this reading still indicates continued...
July 15, (THEWILL) - The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, has imposed a N120 million fine on Stanbic IBTC Bank to be paid into the tribunal’s account over a failed transaction.
The three-member panel, in...
July 03, (THEWILL) - Nigeria lengthened the run of growth in its factory output to three months in a row in June as manufacturers raced to increase goods in stock to beat potential spikes in inflation, according to Stanbic...
The Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr Temi Popoola has said that the market would see a renewal in Exchange Traded Fund listings as four new ETFs were in the pipeline.
This was echoed by Popoola at the...
Stanbic IBTC Holdings Plc paid a total of N159 million as punishment against its subsidiaries for breaching various regulatory guidelines in the 2022 financial year. The penalties were imposed by the Central Bank of Nigeria (CBN), National Pension Commission...
An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
