The recently concluded SME Collab Market Storm events which took place between 13 July and 14 August spanned across major cities in the country, including Ibadan, Abuja, Port Harcourt, and Onitsha. The initiative was a part of Stanbic IBTC Bank’s comprehensive strategy to support entrepreneurs.
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Bento Africa is a payroll and Human Resource Management (HRM) company with a mission to meet work wherever it happens, expand broader access to a wider range of financial services and drive inclusion across the continent.
The non-collateralised loans, according to a statement by the Bank consisting of Stanbic IBTC Unsecured Personal Loan, Top-Ups, Smart Loan, EZ Cash, and Device Financing, would help customers access loans ranging from N20,000 to N20 million. All the loans can be accessed from any location 24/7 without having to visit the branch and without paperwork as they are all digitised end-to-end.
The first draw of this season, which took place at the Stanbic IBTC Head office on Walter Carrington Crescent, Victoria Island, Lagos State, saw 70 customers win cash prizes of ₦100,000 each. The Bank aims to maintain this throughout the 12-month promo time by which a total of 840 customers would have been rewarded with ₦100,000 during the monthly draws.
Themed: “Bigger and Better,” the Bank said the second edition of the campaign promises to be bigger and better.
The International Finance Awards recognizes industry talents, leadership skills, industry net worth and capability on an international platform.
Organised by Cosmopolitan The Daily Business publication, the business award recognises financial organisations globally with exceptional strategy, achievements, dedication, and innovation.
This, the Bank said will help boost intra-Africa trade beyond the current level of 17 per cent as well as promote industrialisation and the economic growth of the continent.
The Flex Border feature will enable Stanbic IBTC domiciliary account holders make direct international fund transfers to other foreign denominated accounts on the Bank’s Mobile App.
The Bank in a press statement said it hopes to achieve through its various programmes targeted at MSME in the country, adding that to actualize this, it conceptualized and commenced a capacity building programme for small and medium scale businesses a few years back.
Delivering judgment, Justice Sanusi Kado, dismissed the suit in its entirety and held that the claimant’s decision not to “honour the defendant’s invitation to appear before a disciplinary committee proved that he had no answers to the accusation as contained in the letter of invitation he got from the defendant”.
The draws saw 60 customers win N100,000 each from the six geo-political zones with 10 winners from each zone. It can be recalled that the reward for saving scheme held its first draws for September in October where 60 winners won N6m in total.
The webinar themed “Scaling Your Business in Challenging Economic Times”, was well attended by enthusiastic entrepreneurs looking to overcome the economic challenges currently faced by their businesses.
The solutions on offer are geared towards providing access to flexible funding for small, medium and large-scale enterprises thereby addressing inadequate access to capital, exposure to international markets and inherent challenges plaguing local and international trade.
Meanwhile, firms remained optimistic about output in the year ahead with plans to upgrade software and expand operations often cited by firms. On the price front, inflationary pressures remained marked.
This was disclosed at the recent Africa China Agent Proposition webinar, themed: “Advancing Africa-China Trade Opportunities.”
The first-ever Nigeria Corporate Social Responsibility and Sustainability Ranking 2019 recently released by TRUCSR reflected that Stanbic IBTC Bank emerged number 10 on the list of Top 50 Brands making a difference in Nigeria.
Further to its commitment to help stimulate and grow a strong and viable small and medium scale enterprises sector in Nigeria, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, is partnering with the Enterprise Development Center, Lagos Business School,
In a move that enhances customers’ experience and control of their financial transactions, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has deployed some changes on its Cash Deposit Process and Cheque Truncation System portal, which includes the elimination of cash and cheque deposit slips in branches.
The FRC in a statement on Monday, said Peterside, David-Borha and the KPMG staff remain suspended until the conclusion of investigation into the extent of their involvements in the alleged fraudulent act