stanbic IBTC Archives - Business Today NG https://businesstodayng.com/tag/stanbic-ibtc/ The Hub of News Reporting Wed, 22 Apr 2026 21:18:37 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 Stanbic IBTC clinches CRe Momentum Award https://businesstodayng.com/stanbic-ibtc-clinches-cre-momentum-award/ Wed, 22 Apr 2026 21:18:37 +0000 https://businesstodayng.com/?p=62521 Stanbic IBTC Insurance Limited has been named the overall winner of the CRe Momentum Award at the inaugural CRe Insurance Awards for Africa 2026, announced during the Continental Reinsurance (CRe) CEO Summit held in Kigali, Rwanda on April 17, 2026. The company was recognised for its consistent commercial performance, disciplined execution, and a highly effective […]

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Stanbic IBTC Insurance Limited has been named the overall winner of the CRe Momentum Award at the inaugural CRe Insurance Awards for Africa 2026, announced during the Continental Reinsurance (CRe) CEO Summit held in Kigali, Rwanda on April 17, 2026.

The company was recognised for its consistent commercial performance, disciplined execution, and a highly effective bancassurance model, which the judges described as among the most effective on the African continent, with a clear strategic focus on life insurance growth.

In the same category, Cornerstone Insurance (Nigeria) came second; while La Générale des Assurances (Benin) placed third.

In the Emerging Champions category, Agrails Ltd (Kenya) won, while Britam Connect (Kenya) came second.

Continental Reinsurance Plc also announced winners of the 11th Pan-African Re/Insurance Journalism Awards, with journalists across Africa recognised for excellence in reporting the insurance and reinsurance sector. 184 entries from Anglophone and Francophone countries were reviewed.

Uganda’s Isaac Khisa of The Independent Publications emerged Overall Winner. He also won the English Print Category for his article titled ‘Keeping it home: Africa’s reinsurers in quiet bid to reclaim market’’. In the same category, Nigeria’s Josephine Ogundeji of Punch Newspaper was named first runner-up, while Ojeme Sunday of New Telegraph finished as second runner-up.

The English Online Category saw Henry Uche of Daily Sun (Nigeria) emerge winner with his article, ‘Reinsurance: Nigeria’s capacity question and propensity for expansion’. Isaac Khisa (Uganda) secured another podium finish as first runner-up, while Zimbabwe’s Tendai Makaripe of 263 Chat was second runner-up.

In the English Broadcast Category, Blessing Ifechukwude of Voice of Nigeria won the top prize with her story ‘From Policy to Practice: Mandatory Health Insurance and Its Impact on Healthcare for Nigerians’. She was followed by Mercy Tyra Murengu of Media Max Network (Kenya) as first runner-up, and Samuel Nana Effah Obeng of GN Media (Ghana) as second runner-up.

In the English Social Media Category, Taurai Museka was named winner.

For the French (Broadcast/Print/Online) Category, Burkina Faso’s SEDGO Adama of Les Editions emerged winner, while KONKOBO Estelle of C’Finance (Burkina Faso) was first runner-up and BIRBA Fleur of Sidwaya (Burkina Faso) came second runner-up.

In the Arabic Category, Egypt’s Zahraa Mustafa Al-Saeed Abdul Amid (Egypt) of Amwal Al Ghad magazine won the top prize. Eslam Abdelhameed Abdelmutlib Farhat of Amwalalghad (Egypt) was first runner-up, while Elshazly Gomaa Ahmed Ali of Al-Mal Newspaper (Egypt) finished second.

Additionally, Josephine Ogundeji clinched the Dr Femi Oyetunji Future Talent Award, while Mercy Tyra Murengu received Special Recognition.

Congratulating the winners and all entrants, Group CEO of Continental Reinsurance Holdings, Lawrence Nazare noted, “The inclusion of 10 new participating countries reflects the growing reach and impact of the awards across the continent.”

Chief Judge, Michael Wilson commented: “The entries continue to improve with each edition, making the judging process increasingly challenging.”

Winners received certificates, trophies and cash prizes, with the overall winner earning $2,000, category winners receiving $1,500, first runners-up $1,000, and second runners-up $500.

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Stanbic IBTC Hosts Inaugural Nigeria Business Summit, Targets Sustainable Growth https://businesstodayng.com/stanbic-ibtc-hosts-inaugural-nigeria-business-summit-targets-sustainable-growth/ Sat, 04 Apr 2026 15:28:27 +0000 https://businesstodayng.com/?p=62113 Stanbic IBTC, a leading financial services provider in Nigeria, successfully hosted the 2026 edition of the Nigeria Business Summit from Wednesday, 01 April to Thursday, 02 April 2026, at the Landmark Event Centre, Victoria Island, Lagos. The two-day summit brought together industry leaders, policymakers, entrepreneurs and stakeholders across multiple sectors to explore sustainable business practices, […]

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Stanbic IBTC, a leading financial services provider in Nigeria, successfully hosted the 2026 edition of the Nigeria Business Summit from Wednesday, 01 April to Thursday, 02 April 2026, at the Landmark Event Centre, Victoria Island, Lagos.

The two-day summit brought together industry leaders, policymakers, entrepreneurs and stakeholders across multiple sectors to explore sustainable business practices, foster economic growth and unlock global trade opportunities.

With the theme, ‘Nigeria Means Business: Powering Sectors, Growing Sustainable SMEs & Unlocking Global Trade’, the summit addressed critical issues across key sectors, including agribusiness, renewable energy, trade and Africa–China banking, as well as ICT and telecommunications. Additional sessions covered areas such as family business sustainability, artificial intelligence, employee value banking, insurance, pension and wealth management.

The event featured a keynote address by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who emphasisedthe urgent need for Nigeria to reposition itself as a leading export-driven economy to achieve sustained growth.

“Our true potential lies in becoming a leading export economy,” Edun stated. “Increased participation in regional and global trade will be critical to diversifying foreign exchange earnings and driving inclusive growth.”

He noted that while Nigeria’s GDP growth has improved to approximately 4 per cent, it remains below the level required to significantly reduce poverty. According to him, the country’s economic strategy is now shifting from stabilisation to growth acceleration, with trade expansion playing a central role.

Edun highlighted ongoing reforms, including improved foreign reserves, rising non-oil revenues and renewed investor confidence, as indicators of a more resilient economy. However, he stressed that enhancing trade competitiveness would require continued investment in infrastructure, logistics and policy coordination. He also highlighted the importance of small and medium-sized enterprises (SMEs), which account for over 90 per cent of businesses, noting that inclusive growth will depend on stronger collaboration between the public and private sectors.

Participants engaged in a rich line-up of activities, including expert presentations, panel discussions and high-level networking opportunities. Highlights of the summit included the Africa Trade Barometer presentation, client testimonial showcases and insightful discussions on the state of the African economy and intra-African trade opportunities.

Breakout sessions on agribusiness, ICT and healthcare, Africa-China banking and Trade as well as renewable energy provided attendees with deeper, practical insights into some of the most critical sectors driving Nigeria’s economic future.

Speaking at the event, Chuma Nwokocha, Chief Executive of Stanbic IBTC Holdings, represented by the organisation’s Chief Finance and Value Management Officer, Kunle Adedeji, emphasised the importance of collaboration and innovation in driving sustainable growth.

“This summit has reinforced the importance of creating platforms where ideas can flourish and businesses can grow sustainably. By working together, we can unlock new opportunities and drive economic advancement across Nigeria and the African continent,” he said.

The summit also spotlighted practical strategies for integrating sustainability into business operations, encouraging organisations to adopt environmentally conscious practices while maintaining profitability and competitiveness.

Remy Osuagwu, Executive Director, Business & Commercial Banking, expressed satisfaction at the level of interest from participants, a critical element for a successful summit.

“From our conversations on energy and healthcare to the deep dives into trade, Africa-China relations, and agribusiness, Day 1 has offered perspectives that were both insightful and practical. I believe we’re all leaving with a stronger understanding of the opportunities emerging across our industries” Remy said.

He acknowledged the level of engagement, questions, contributions and willingness of participants to share experiences; describing this as the real power of the Nigeria Business Summit, and a solid foundation for tomorrow.

The Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, who was represented by Bunmi Dayo-Olagunju, Deputy Chief Executive of Stanbic IBTC Bank, opened Day Two of the Nigeria Business Summit by highlighting the focus of the summit’s SME Day. 

Bunmi said, “Today, we build on Day One’s momentum with conversations that are equally critical for the future – from the dynamics of family businesses to the growing influence of artificial intelligence; the evolution of insurance, and the emerging space of electric vehicle banking.”

She further added, “Our goal on Day Two is simple: to explore what’s next. To understand how these developments will shape our businesses and how we can position ourselves ahead of the curve.”

Stanbic IBTC’s inaugural Nigeria Business Summit stands as a testament to the organisation’s commitment to empowering businesses, strengthening key sectors and positioning Nigeria as a competitive player in the global economy.

 

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Stanbic IBTC Clinches Multiple Awards At The 2024 FMDQ Gold Awards https://businesstodayng.com/stanbic-ibtc-clinches-multiple-awards-at-the-2024-fmdq-gold-awards/ Wed, 13 Nov 2024 11:02:42 +0000 https://businesstodayng.com/?p=45745 Stanbic IBTC Clinches Multiple Awards At The 2024 FMDQ Gold Awards   Stanbic IBTC Holdings has reaffirmed its market leadership by securing multiple prestigious awards at the 2024 FMDQ Gold Awards. Recognised for its excellence, resilience, and innovation, Stanbic IBTC Bank received top honors in the following categories: FMDQ FX Market Liquidity Provider, FMDQ Dealing […]

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Stanbic IBTC Clinches Multiple Awards At The 2024 FMDQ Gold Awards

 

Stanbic IBTC Holdings has reaffirmed its market leadership by securing multiple prestigious awards at the 2024 FMDQ Gold Awards. Recognised for its excellence, resilience, and innovation, Stanbic IBTC Bank received top honors in the following categories: FMDQ FX Market Liquidity Provider, FMDQ Dealing Member of the Year, and FMDQ Fixed Income Market Liquidity Provider. Stanbic IBTC Asset Management was honoured as the Most Active Buy-Side Participant in the Fixed Income Market,

The FMDQ Gold Awards celebrate excellence within Nigeria’s financial markets, highlighting institutions that demonstrate leadership, innovation, and substantial contributions to the nation’s financial ecosystem. Stanbic IBTC’s achievements in these competitive categories underscore its commitment to driving the growth and development of Nigeria’s financial landscape.

Speaking on the achievement, Eric Fajemisin, Executive Director, Corporate and Investment Banking, Stanbic IBTC Bank, expressed pride in the bank’s accomplishments, stating, “These awards at the FMDQ Gold Awards reflect our unwavering commitment to excellence within the Nigerian financial market. At Stanbic IBTC, we are dedicated to pioneering solutions that enhance liquidity, improve market efficiency, and deliver the best possible outcomes for our clients. This recognition inspires us to continue pushing boundaries and setting new standards across our service offerings.”

Busola Jejelowo, Chief Executive, Stanbic IBTC Asset Management, added, “These awards affirm our leadership in trading and market-making. We take pride in our role as a liquidity provider in critical segments like fixed income and FX markets. Being recognised as a key player in these essential areas motivates us to continue advancing Nigeria’s financial markets and supporting sustainable economic growth.”

Stanbic IBTC remains dedicated to fostering Nigeria’s economic development by providing innovative solutions that empower clients and drive market progress. These accolades underscore the group’s enduring impact and its commitment to excellence in all facets of financial service delivery.

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Stanbic IBTC Pension Managers Offers ₦50 Million For FUZE 3.0, Unveils Panel Of Judges https://businesstodayng.com/stanbic-ibtc-pension-managers-offers-%e2%82%a650-million-for-fuze-3-0-unveils-panel-of-judges/ Fri, 01 Nov 2024 20:30:39 +0000 https://businesstodayng.com/?p=45561 Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has officially kicked off the third season of its acclaimed FUZE Talent Show by unveiling the show’s panel of judges. The launch event at Stanbic IBTC Towers in Victoria Island, Lagos, set the stage for what promises to be the most exciting edition yet of […]

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Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has officially kicked off the third season of its acclaimed FUZE Talent Show by unveiling the show’s panel of judges.

The launch event at Stanbic IBTC Towers in Victoria Island, Lagos, set the stage for what promises to be the most exciting edition yet of the youth-centric talent discovery platform.

In his address, Olumide Oyetan, Chief Executive of Stanbic IBTC Pension Managers, revealed this year’s theme: Light it up. The theme encapsulates the show’s mission to illuminate and celebrate Nigerian youths’ boundless creativity and talents.

Oyetan emphasized the transformative power of the FUZE Talent Show, stating, “Each season, we’ve witnessed this platform’s ability to uncover, foster, and propel young talents into the spotlight; giving rise to new stars who now shine across the realms of music, dance, fashion, and technology- both in Nigeria and globally”.

He further elaborated that the initiative was birthed to address the gap created by young people not being captured within the pension scheme.

The PFA’s through their extensive work in the space, have realized that young people seldom adopt pension savings early; and when they do, it is too late for them to save enough for the future. Hence, there is a need to attract them through their interests.

“We aim to make Nigerian youths the best version of themselves. That is why we do this and are committed to it. To ensure equal opportunity for everyone, every aspect of the competition must go through a transparent process. This has been consistent every year, and it keeps improving”.

A significant highlight of the event was the announcement of the new grand prize of ₦50 million, which set a new benchmark for talent competitions across Nigeria.

Kenneth Omeogu, Head of Business Development,  while making this announcement and other upgrades for the FUZE Talent Show 3.0, explained that this substantial prize signifies a new era in the stakes of talent competitions, demonstrating its commitment to recognizing, rewarding and developing exceptional talent.

Kenneth listed the notable improvements on the third edition of the show tagged FUZE 3.0.

He explained that the improvements are aimed at enhancing participants’ experiences and operational efficiency. One of the improvements was the registration platform, which was significantly improved to make the registration process more user-friendly and accessible, encouraging more registrations.

He noted a remarkable increase in participants from locations outside Lagos, indicating growing interest and broader reach of the competition across the country.

Another critical change is the relocation of the boot camp. This strategic move provides the contestants with a better environment to enhance their creative process and overall experience during the competition, such as mentorship, networking, bonding, collaboration, and so on.

Overall, these upgrades indicate a deliberate effort to elevate the quality and impact of the initstive, making it a platform for showcasing talent and genuinely fostering and rewarding artistic excellence.

Nike Bajomo, the Executive Director of Business Development at Stanbic IBTC Pension Managers, elaborated that talent discovery and support are strategic pillars of the business’s broader goals, underscoring their investment in the  Show.

Aligning with young people’s inclination to follow their passion, the manager has proactively identified, supported, and rewarded talented individuals across the select music, dance, fashion, and tech fields.

Nike further explained that nurturing talent will create a ripple effect to foster personal and professional growth, a vibrant community, and contribute to the nation’s economic development.

She emphasized that this initiative is a pioneering one within the financial institution industry, setting a new benchmark for corporations’ contribution to societal growth beyond traditional business models.

The lineup of judges includes prominent figures from various industries: Olufunke Adepoju, celebrated for her contributions to fashion; Akinwande Akinsulire, a renowned name in the tech industry; Akorede Bello, a respected authority in the music industry; and Nonso Asobe, also known as DonFlexx – a distinguished figure in the dance community.

This diverse and expertly curated panel demonstrates the competition’s commitment to excellence across various creative disciplines, promising an enriching experience for all involved. The judges will also provide insightful feedback and valuable guidance while evaluating the participants, enhancing their journey through FUZE 3.0.

The winners of Fuze Talent Show 2.0 were not left out either. Chioma Ukpabi, a FUZE Talent Show 2.0 winner, a social tech entrepreneur, and Executive Director of Skill Up with Kahdsole (SUWK), highlighted her goal of using technology to make education accessible for all. The show provided SUWK with a platform to showcase their work in the EdTech sector, leading to a significant increase from 800 to 2800 learners engaged in vocational studies. The victory boosted SUWK’s visibility, credibility, and growth, attracting new partnerships and funding opportunities.

The prize money allowed SUWK to obtain accreditation and expand its course offerings from four to eleven with a standardized curriculum. This success attracted investors and public attention, leading to over $100,000 in financing. The show inspired SUWK to continuously innovate, introduce new courses, enhance platforms, and develop an AI-powered career guidance tool.

Also, Atonopriya Cotterell, an afro pop-soul artist from Rivers State who won the music category, said, “Winning the FUZE Talent Show last year has significantly boosted my career. Unlike before FUZE, I have been actively earning from my music, expanded my social media following to over 100,000, and garnered millions of streams. Additionally, I’ve had the incredible chance to work alongside renowned artists and producers, greatly enriching my experience. This has provided me with a platform to reach a broader audience, enabling my music to connect with people worldwide. The FUZE Talent Show will always hold a special place in my story.” Cotterell stated.

As anticipation builds for FUZE 3.0 the company reaffirmed its commitment to nurturing young talent and contributing to the growth of Nigeria’s creative industries. Building on the success of previous seasons, which had over 10,000 participants and captured millions of viewers worldwide, the company invites the media and the public to participate and support the FUZE Talent Show 3.0, poised to reach new heights in participation and global attention.

 

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Stanbic IBTC Holdings Sponsors Upcoming BATN Lagos Farm Fair https://businesstodayng.com/stanbic-ibtc-holdings-sponsors-upcoming-batn-lagos-farm-fair/ Wed, 16 Oct 2024 18:27:17 +0000 https://businesstodayng.com/?p=45282 Stanbic IBTC Holdings, a leading financial institution in Nigeria and a member of Standard Bank Group is delighted to announce its sponsorship of the annual British American Tobacco Nigeria Foundation (BATN) Lagos Farm Fair. The event is dedicated to celebrating Lagos’s rich agricultural heritage and promising future in farming. Scheduled for Wednesday, 16 October, at the Police College […]

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Stanbic IBTC Holdings, a leading financial institution in Nigeria and a member of Standard Bank Group is delighted to announce its sponsorship of the annual British American Tobacco Nigeria Foundation (BATN) Lagos Farm Fair.

The event is dedicated to celebrating Lagos’s rich agricultural heritage and promising future in farming. Scheduled for Wednesday, 16 October, at the Police College Grounds on Oba Akinjobi Way, GRA Lagos, this year’s fair promises to be a significant gathering, uniting farmers, agricultural enthusiasts, and key industry stakeholders.

The purpose of the BATN Lagos Farm Fair is multifaceted. Firstly, it aims to showcase cutting-edge advancements in agricultural technology, introducing innovative farming practices and sustainable agriculture solutions that are set to transform the industry.

This event serves as a consummate platform for farmers, allowing them to market their produce directly to a broad audience.

It also acts as a launch pad for startups and innovators, allowing them to unveil innovative products and services that could change how agriculture is practiced.

The fair is also designed to foster networking, learning, and collaboration among its participants. By bringing together a diverse group of stakeholders from various segments of the agriculture sector, the event opens avenues for meaningful conversations, ideas exchange, and potential partnerships. It aims to build a community of like-minded individuals and organizations committed to driving growth and innovation in agriculture.

Commenting on the upcoming fair, Eric Fajemisin, Executive Director, Corporate and Investment Banking, Stanbic IBTC Bank said: “Our commitment to the agricultural sector is relentless because we recognize its critical role in driving economic growth, ensuring food security, and creating employment opportunities.

This collaboration results from our dedication to fostering growth and development within the agricultural community, providing a platform for innovation, learning, and collaboration. We look forward to bringing together farmers, agricultural enthusiasts, and industry stakeholders to celebrate and explore the advancements and future of agriculture in Lagos.”

By sponsoring the farm fair, Stanbic IBTC reaffirms its commitment and takes a proactive stance in nurturing the sector’s growth and development.

This initiative is part of Stanbic IBTC’s broader strategy to invest in sustainable practices and innovations that can elevate the agricultural industry and contribute to the overall prosperity and well-being of the community. Through these efforts, Stanbic IBTC aims to empower farmers, encourage the adoption of modern farming techniques, and facilitate the sector’s access to essential financial resources and markets.

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Stanbic IBTC Bank And FinDev Canada Partner To Increase Sustainable Finance And Gender Finance  https://businesstodayng.com/stanbic-ibtc-bank-and-findev-canada-partner-to-increase-sustainable-finance-and-gender-finance/ Wed, 09 Oct 2024 06:35:53 +0000 https://businesstodayng.com/?p=45117 To increase access to sustainable finance in Nigeria, Canada’s Development Finance Institution, FinDev Canada, provides a loan of up to US$ 40 million to Stanbic IBTC. This loan to Stanbic IBTC, a member of Standard Bank Group, Africa’s largest bank by assets, paves the way to a long-term partnership in the Sub-Saharan African region. FinDev […]

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To increase access to sustainable finance in Nigeria, Canada’s Development Finance Institution, FinDev Canada, provides a loan of up to US$ 40 million to Stanbic IBTC. This loan to Stanbic IBTC, a member of Standard Bank Group, Africa’s largest bank by assets, paves the way to a long-term partnership in the Sub-Saharan African region.

FinDev Canada’s loan will support Stanbic IBTC Bank’s sustainability-related activities in Nigeria and support the development of productive sectors of the economy, including agribusiness, health, education, affordable housing, and sustainable infrastructure. It will also increase access to finance for micro, small and medium-size enterprises, and financing for climate change mitigation and adaptation. At least 30% of the loan amount is dedicated to women-owned or led enterprises.

Nigeria’s economy heavily relies on micro, small and medium enterprises, which generate an estimated 84% of employment and account for 96% of businesses. While women own 41% of the micro-enterprises segment, many remain unbanked due to a persistent gender financing gap.

Through our partnership with Stanbic IBTC Bank, the seventh largest bank in Nigeria by assets, serving over 3 million clients through a network of 130 branches, FinDev Canada can expand its reach to these crucial but often underserved segments of the Nigerian economy.

“We are proud to support development and economic growth through the private sector” declared Lori Kerr, Chief Executive Officer at FinDev Canada. “Market development is a key priority for FinDev Canada and the partnership with Stanbic IBTC Bank offers a tremendous opportunity to enhance access to capital for important sectors of Nigeria’s economy, contributing to stronger markets and improving the livelihoods of women and men. Our partnership with Stanbic IBTC Bank is also an opportunity to continue to expand our impact in Sub-Saharan Africa in the years to come.”

“As we embark on this transformative journey, I am honored to acknowledge the strategic importance of the financing we have secured to champion sustainable and gender-inclusive financing,” said Wole Adeniyi, Chief Executive, Stanbic IBTC Bank. “This financial commitment not only fuels our vision for a more sustainable future but also underscores our unwavering dedication to fostering equal opportunities. Empowering women and advancing sustainable initiatives is not just a financial decision, it is a commitment to building a world where prosperity knows no gender, and where every investment is a step towards a brighter, more sustainable future. Together, with this significant partnership with FinDev Canada, we pave the way for a future where financial strength and social impact walk hand-in-hand,” Wole added.

This transaction will contribute to FinDev Canada’s long-term development impact goals and the Sustainable Development Goals (SDGs) particularly SDG 8, Decent Work and Economic Growth, SDG 5, Gender Equality, and SDG 13, Climate Action.

This transaction qualifies for the 2X Challenge, which seeks to shift more capital towards investments that empower women in developing countries, to access entrepreneurship and leadership opportunities, quality jobs, and products and services that enhance their economic participation.

About FinDev Canada    

FinDev Canada is Canada’s bilateral Development Finance Institution (DFI), supporting development through the private sector. We provide financing, investment, and blended finance solutions, as well as technical assistance and knowledge, to promote sustainable and inclusive growth in emerging markets and developing economies (EMDEs) aligned with the Sustainable Development Goals (SDGs) and Paris Agreement commitments. FinDev Canada is a wholly owned subsidiary of Export Development Canada (EDC). Find out more about FinDev Canada at www.findevcanada.ca.

About Stanbic IBTC Holdings

Stanbic IBTC Holdings is the leading end-to-end financial solutions provider in Nigeria, offering a wide range of products and services across corporate, business, and personal banking, stockbroking, insurance, and asset management. The recent establishment of its fintech subsidiary, Zest Payments, further underscores its commitment to provide innovative financial solutions. Stanbic IBTC plays a pivotal role in driving Nigeria’s growth, leveraging deep local insights and international expertise enhanced by being a member of Standard Bank Group, Africa’s largest bank by assets. Find out more about Stanbic IBTC on www.stanbicibtc.com.

About the 2X Challenge

The 2X Challenge was founded in 2018 by the development finance institutions (DFIs) from the G7 as a call to action to shift more capital towards investments that empower women in developing countries to access entrepreneurship and leadership opportunities, quality jobs, and products and services that enhance their economic participation.  More information about the 2X Challenge can be found here: https://www.2xchallenge.org

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Stanbic IBTC Bank Set To Boost Entrepreneurship With 2024 Edition Of Its SME Training https://businesstodayng.com/stanbic-ibtc-bank-set-to-boost-entrepreneurship-with-2024-edition-of-its-sme-training/ Tue, 24 Sep 2024 18:38:38 +0000 https://businesstodayng.com/?p=44877 Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has commenced the 2024 edition of its annual SME training. This initiative is designed to empower small and medium-scale enterprises (SMEs), stimulate economic growth, and promote entrepreneurial innovation across the country. The event will be held in key locations across Nigeria, including Lagos, Kaduna, Kano, and Abia […]

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Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has commenced the 2024 edition of its annual SME training. This initiative is designed to empower small and medium-scale enterprises (SMEs), stimulate economic growth, and promote entrepreneurial innovation across the country. The event will be held in key locations across Nigeria, including Lagos, Kaduna, Kano, and Abia states, from Thursday, 19 September 2024 to Friday, 01 November 2024.

As part of its commitment to developing the Nigerian economy and supporting SMEs, Stanbic IBTC Bank has meticulously designed this programme to provide entrepreneurs and business owners in the open market with essential tools, knowledge, and networks to thrive in today’s competitive market. The Stanbic IBTC  2024 SME training promises to be a transformative experience for all participants, as Stanbic IBTC Bank brings banking solutions to their doorstep.

At the training sessions, attendees will engage in workshops led by experts, offering invaluable insights and practical skills from seasoned professionals and industry leaders. It is a prime opportunity for networking, allowing participants to meet and connect with like-minded entrepreneurs, potential partners, and investors, thus broadening their business opportunities.

The event will also provide access to innovative tools and resources to streamline operations, enhance productivity, and foster growth. Additionally, attendees will receive up-to-date market insights, including forecasts, strategies, and firsthand success stories from thriving businesses directly from market analysts. This setup ensures all participants acquire new knowledge, practical tools, and connections to advance in their respective industries.

Olajumoke Bello, Head, Enterprise Banking, Stanbic IBTC Bank, expressed tremendous enthusiasm for the SME training: “At Stanbic IBTC, our commitment to the success of Nigerian small and medium-scale enterprises (SMEs) is rock solid. We recognize these businesses’ role in nurturing economic development, and we provide a supportive platform to meet their immediate needs while paving the way for a sustainable future for businesses nationwide.” Olajumoke added that Stanbic IBTC empowers entrepreneurs through this initiative and creates a conducive environment where businesses can thrive and prosper. “Our objective is to ensure that Nigerian SMEs are well-equipped with the necessary tools, knowledge, and resources to achieve remarkable growth and contribute significantly to the nation’s economy.”

The event represents a significant advancement in efforts to engage with and support Nigeria’s small and medium-scale enterprise (SME) sector, a critical component of the national economy. Through initiatives like the 2024 specialized SME training programme, Stanbic IBTC is reinforcing its commitment to being a key player in fostering the nation’s socioeconomic growth.

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Stanbic IBTC Celebrates Milestone With 10th Edition of Together4Alimb Charity Walk https://businesstodayng.com/stanbic-ibtc-celebrates-milestone-with-10th-edition-of-together4alimb-charity-walk/ Tue, 20 Aug 2024 20:19:10 +0000 https://businesstodayng.com/?p=43254 In a profound demonstration of commitment to societal welfare and support for underprivileged children, Stanbic IBTC Holdings, a subsidiary of the Standard Bank Group, successfully commemorated the 10th edition of its flagship Corporate Social Investment (CSI) initiative, the Together4ALimb Walk, on 17 August 2024. This hallmark event marks years of dedicated efforts towards enriching the […]

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In a profound demonstration of commitment to societal welfare and support for underprivileged children, Stanbic IBTC Holdings, a subsidiary of the Standard Bank Group, successfully commemorated the 10th edition of its flagship Corporate Social Investment (CSI) initiative, the Together4ALimb Walk, on 17 August 2024. This hallmark event marks years of dedicated efforts towards enriching the lives of children living with limb loss and underscores Stanbic IBTC’s steadfast dedication to social responsibility.

Speaking at the event, Dr Demola Sogunle, the Chief Executive, Stanbic IBTC Holdings, emphasised the significant impact of limb loss on children’s emotional, psychological, and societal well-being. He highlighted the organisation’s holistic support approach, tackling not just the medical needs but also the financial and social challenges encountered by the families.

He emphasised the crucial role businesses play in offering comprehensive support, urging them to recognise that limb loss presents a complex challenge that goes beyond the physical condition. He highlighted the efforts of Together4ALimb, explaining how the initiative addresses both the visible and hidden obstacles faced by these families, ultimately providing a more holistic and inclusive form of support.

“Businesses have a crucial role in delivering comprehensive support, recognising limb loss as a complex life challenge beyond the physical condition. Through Together4ALimb, we address both the tangible and intangible hurdles these families face,” Demola stated.

The 2024 Together4ALimb Walk, resonating with the theme “Wellness in Motion” 2.0, was engineered to spotlight and ease the challenges faced by underprivileged children suffering from limb loss. Since the initiative’s inception in 2015, Together4ALimb has significantly improved the lives of 55 children by providing them with prosthetic limbs and creating educational trust funds of 1.5 million naira for each beneficiary. The programme witnessed a considerable expansion in 2023, extending its benevolence to 45 additional recipients.

To this day, the initiative proudly boasts of assisting 136 beneficiaries nationwide, ensuring each child receives an annual prosthetic limb replacement until age 18. This year’s event further solidified Stanbic IBTC’s commitment by welcoming 36 children into the programme, thereby cementing Stanbic IBTC’s role in creating brighter futures for children experiencing limb loss.

During the event, Dr. Ibijoke Sanwo-Olu, First Lady of Lagos State, highlighted the remarkable impact of the initiative noting with admiration that 136 children have benefited from the organisation’s esteemed Corporate Social Responsibility (CSR) initiative.

She said, “I want to sincerely appreciate Stanbic IBTC’s commitment and consistency over the years through this laudable initiative. It is imperative to note that supporting special children who have experienced limb loss either through accidents, mismanaged injuries, or congenital issues/birth defects and providing prosthetic limbs and educational trust funds for them will further assist them in realising their full potential and give them a sense of love, care, and support from society.”

“Over the years, issues around welfare and rights of persons with disabilities have become a recurring decimal in national discourse with successive administrations coming up with various initiatives to end discrimination and generally promote the principle of social inclusion.  In today’s world, our society has realised that physical disability is not inability and therefore should not, in any way, hinder anyone from achieving something positive in life,” she stated.

Ejike Anih, Founder and Chief Executive Officer of IfeanHealth Orthopaedics, stated that Stanbic IBTC has accomplished milestones through the Together4Limb initiative.

“This initiative explicitly targets the upliftment of underprivileged children, a segment of society often overlooked yet deeply impacted by systemic inequalities. By focusing on this group, the organisation sheds light on these children’s pressing issues and actively works to create tangible positive changes in their lives.”

“Such initiatives are paramount today, as they embody the essence of corporate responsibility—recognising the roles of businesses in the economy and as pillars of society with the power and resources to enact real change. By dedicating a portion of its resources to the welfare of underprivileged children, the organisation sets a laudable example for others to follow, demonstrating how corporations can make a significant difference in the world, one child at a time,” Ejike said.

Speaking at the event, Brigadier General Samson Okoigi, ⁠Corps Commander—Medical, Nigerian Army, commended the Together4ALimb initiative for its significant contribution, providing much-needed hope and support to those affected. This initiative is crucial in helping recipients tap into their inherent potential and navigate life more confidently despite their physical challenges.

He stressed, “We understand firsthand the impact of losing a limb, not just physically, but emotionally and psychologically. I stand here today with pride, recognising the vital work that Stanbic IBTC has been doing through this remarkable initiative. Your dedication to restoring mobility to individuals with limb loss across Nigeria aligns with our mission in the Nigerian Army to rehabilitate and support the brave men and women who have sacrificed so much in service to our nation. We know that the journey to recovery is not just about restoring what was lost but empowering individuals to regain their independence, confidence and sense of purpose.”

The 10th Together4ALimb Walk commenced at the Stanbic IBTC Head Office on Walter Carrington Crescent, Victoria Island, Lagos, and concluded at the Law School Bus Stop on Ozumba Mbadiwe Avenue.

This year’s event marked a significant milestone by expanding its reach beyond Lagos, bringing the Together4ALimb Walk to several cities across Nigeria with staff and partners joining the walk with the aid of Steps by Stanbic IBTC. This expansion underscores Stanbic IBTC’s commitment to fostering the nation’s social, economic, and environmental welfare.

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Stanbic IBTC Bank Rewards 70 More Customers With ₦100,000 Each in Reward4Saving 3.0 March Draw https://businesstodayng.com/stanbic-ibtc-bank-rewards-70-more-customers-with-%e2%82%a6100000-each-in-reward4saving-3-0-march-draw/ Mon, 22 Apr 2024 13:11:27 +0000 https://businesstodayng.com/?p=40673 L-R: Biola Adekoya, Head, Voice Branch, Stanbic IBTC Bank; Elizabeth Akoji and Olufunke Ogunkola, both representatives of Advertising Regulatory Council of Nigeria (ARCON); Layo Ilori-Olaogun, Head, Affluent Clients, Stanbic IBTC Bank and Taiwo Afolayan, Head, Personal and Private Banking Control, Stanbic IBTC Bank during the Reward4Saving Promo Season Three March draw at Stanbic IBTC Towers, […]

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L-R: Biola Adekoya, Head, Voice Branch, Stanbic IBTC Bank; Elizabeth Akoji and Olufunke Ogunkola, both representatives of Advertising Regulatory Council of Nigeria (ARCON); Layo Ilori-Olaogun, Head, Affluent Clients, Stanbic IBTC Bank and Taiwo Afolayan, Head, Personal and Private Banking Control, Stanbic IBTC Bank during the Reward4Saving Promo Season Three March draw at Stanbic IBTC Towers, Victoria Island, Lagos.

Stanbic IBTC Bank recently announced 70 more customers as winners of ₦100,000 each in its Reward4Saving promo March draw. The promo was launched to encourage Nigerians to save and earn rewards for maintaining a consistent savings habit.

The Reward4Saving 3.0 promo will continue to reward 70 customers who maintain at least ₦10,000.00 in their savings account for up to 30 days, each month until August 2024. In addition, seven lucky customers will receive ₦1 million each in the quarterly draws scheduled to hold in June, while seven more customers will be rewarded with ₦2 million in the grand finale scheduled to hold in September.

Since the start of the third season of the promo in September 2023, seven draws have been conducted, with 504 customers winning cash prizes ranging from ₦100,000 to ₦1 million. So far, the Bank has given out a total of ₦63 million.

Layo Ilori-Olaogun, Head, Affluent Clients, Stanbic IBTC Bank expressed optimism, stating, “This marks a significant milestone, as 1,571 customers have been rewarded with up to ₦255 million since the promo’s inception in 2021. We have recorded great testimonies from previous draws and we aspire to keep creating more positive narratives, leaving lasting impressions on our customers and their families.”

New and existing customers who save at least ₦10,000 in their savings accounts or @ease wallets for 30 days automatically qualify to participate in the promo. Interested individuals can open a Stanbic IBTC Bank Savings Account through the Bank’s Mobile App, available on the Play Store and App Store, by dialling *909*37#; visiting the Bank’s website – www.stanbicibtcbank.com; or through any of the Stanbic IBTC Bank branches nationwide.

With consistent savings habits, customers can look forward to more rewards and financial security on their journey towards financial freedom.

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Stanbic IBTC Launches Enhanced Super App For Business Owners https://businesstodayng.com/stanbic-ibtc-launches-enhanced-super-app-for-business-owners-2/ Thu, 04 Apr 2024 18:37:00 +0000 https://businesstodayng.com/?p=40419 Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has unveiled an enhanced version of its Mobile App, optimised specifically for businesses. The updated App offers a range of new features designed to streamline and simplify digital banking for business owners. The enhanced Mobile App for businesses provides a comprehensive suite of tools to manage finances […]

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Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has unveiled an enhanced version of its Mobile App, optimised specifically for businesses. The updated App offers a range of new features designed to streamline and simplify digital banking for business owners.
 
The enhanced Mobile App for businesses provides a comprehensive suite of tools to manage finances efficiently. With an intuitive interface, users can execute transactions seamlessly, transfer funds between accounts, check real-time balances, and manage beneficiaries. The App offers instant access to transaction statements, self-service options, and robust security features to safeguard business operations.
 
Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, endorsed the App, saying, “We are thrilled to introduce the enhanced Stanbic IBTC Mobile App tailored specifically for our business clients. Our goal is to provide businesses with a seamless and efficient platform to conduct their banking activities, including transactions, statement requests, transfers, and more, all from the convenience of their mobile devices.”
 
The optimised Mobile App reflects Stanbic IBTC Bank’s commitment to innovation and digitisation in supporting businesses in Nigeria. The Bank aims to empower companies to reach their goals and achieve success by offering tailored solutions and enhanced features.
 
“This App enhancement is a significant step in ongoing efforts to simplify our banking processes and enhance customer experience through technology. With robust security measures and a user-friendly interface, our business clients can now manage their finances more efficiently and confidently,” Wole added.
 
Stanbic IBTC Bank’s Mobile App optimisation for business clients showcases the Bank’s dedication to innovation and customer-centric solutions and positions it as a trusted financial partner for businesses, supporting their growth and success in Nigeria’s dynamic business landscape.
 

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