Banks staff experience 44.3% increase in salaries as banks incur N800 billion in 2023
Commercial banks spent a total of N799.8 billion on staff salaries in 2023, representing a 44.3% increase when compared to ...
Tag: Stanbic IBTC
news and analysis about stanbic IBTC
Tier-1 Nigerian banks earn N392 billion from electronic business in 2023
Nigerian tier-1 banks raked in N392 billion from electronic business in 2023 as more Nigerians embrace cashless transactions.
Basil Omiyi retires as Stanbic IBTC Holdings chairman
Mr Basil Omiyi has retired as Chairman of Stanbic IBTC Holdings after seven years of heading the group.
Stanbic IBTC to seek shareholders’ approval for N400 billion debt issuance
The company to raise additional equity capital of up to N150 billion via a Rights Issue or offer for subscription, ...
Stanbic IBTC reports 74% PAT growth in 2023, to pay N28.5 billion final dividend
Stanbic IBTC has reported a net profit of N140.6 billion in 2023, marking a 74% growth from the N80.7 billion ...
Stanbic IBTC transforms education landscape with adoption of four schools
Stanbic IBTC, a leading financial service provider in Nigeria and a member of the Standard Bank Group, took a step ...
Stanbic IBTC: Sustaining the SUV Model
After facing its first profit-before-tax decline in five years in 2021, Stanbic IBTC rebounded in 2022 and has remained resilient ...
Nigeria PMI rises to 51.1 as businesses continue to experience periodic high costs
The latest Stanbic IBTC Purchasing Managers' Index™ (PMI®) for Nigeria has shown a modest yet positive improvement in business conditions. ...
Nigerian banks rake in N1.7 trillion from Forex Unification, CBN likely the counterparty
Nigerian leading commercial banks recorded significant FX revaluation gains estimated at a combined gain of about N1.7 trillion in the ...
RANKING: The Most Profitable Bank in Nigeria – 2023
Nigeria's banking sector has shown remarkable resilience and performance in the first half of 2023, despite the challenging economic and ...
