Browsing: Stanbic IBTC

Speaking during the panel session at the recently held Medic West Africa Conference, Jane Ike-Okoli, Head, Specialised Sectors, Stanbic IBTC Bank noted that effective collaboration between the financial industry and healthcare organisations is key to advancing Nigeria’s health sector. She also mentioned that the sector is yearning for innovative financing solutions that will address the nuances associated with lending to healthcare businesses.

Some of the merchant stores include: Jed Mega Stores Limited, NCN Happy Home Global Limited, Heroes Garden, Soul Interbiz (AK Collections), Aero Logistics and Travel Limited, Balcony Regency Suites, The View Hotel and Suites, Chard Pharmacy Limited, Hawthorn Suite by Wydnham International Hotel and Suites, The Rodina Hotel and Suites, MedPlus Pharmacy Limited, Waxit Spa, Classy-Chi Devine Cosmetics Nig Limited and others. These merchants offer services that cut across logistics, hospitality, fashion, beauty, wellness, and health care.

The UPDC Real Estate Investment Trust (UPDC REIT) was listed on the Nigerian Exchange Limited (NGX) in year 2008. The fund manager, Stanbic IBTC Asset Management, was bestowed with the responsibility to implement the closed-ended fund’s investment strategy and other related activities.

Stanbic IBTC Stockbrokers removed the minimum account opening balance for investors to open a stock brokerage account, thereby allowing them to enjoy the capital appreciation and income potential of the market and help secure their financial future. It also reduced the brokerage fees previously charged when clients use the online platform, making it easy and affordable for everyone to invest.

This assertion was made by Basil Omiyi, Chairman, Stanbic IBTC PLC, recently. Acknowledging that the economy and society are wholly owned subsidiaries of the environment, he stated that the use of green energy will help keep the environment stable to support economic and social activities.  

According to the bank, the devaluation of the naira due to the global economic downturn has reduced disposable income as more naira is required to maintain the current level of expenditure and consumption. This is more so, given that the economy is largely import driven and there is a need for people to access funds seamlessly from their financial partners.

The Group aimed one of its initiatives, the ‘Youth Leadership Series’ (YLS), at deepening financial and entrepreneurial knowledge among Nigeria’s younger generations. The initiative, which was launched in 2018, is held in institutions of higher learning across the nation and brings together mentors from across various sectors of the economy to encourage and inspire the next generation. 

The scholarship scheme was targeted at successful candidates in the University Tertiary Matriculation Examinations (UTME) conducted by the Joint Admissions and Matriculation Board (JAMB). The scholarship award, worth N34.8 million, was granted  to 87 successful beneficiaries who participated in the 2019 and the 2020 UTME drawn from the 36 states of the federation and the Federal Capital Territory (FCT), and included physically challenged candidates.

Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, commented at the report’s release, “the Sustainability Report has highlighted our shared values in 2020, and  is expected to help our key stakeholders better appreciate our long-term priorities  to ensure financial, social, and environmental sustainability in our business operations. Our sustainability ambition is to become the leading financial institution driving sustainable finance solutions in Nigeria, and we have defined a sustainability strategy that is anchored on four pillars to achieve this.”