Purchase costs rose at the sharpest rate on record, meaning companies increased their own selling prices at an unprecedented pace.
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The globally esteemed programme acknowledges excellence in financial services and spotlights outstanding firms.
Twelve outstanding individuals were rewarded with N32 million in an exhilarating showcase of talent and creativity.
The draws for both promos took place at the Bank’s head office at Walter Carrington Crescent, Victoria Island, Lagos State.
This is contained in IBTC Purchasing Managers’ Index™ (PMI®).
It said in November, new orders and output fell as customers were either reluctant or unable to pay higher charges.
Stanbic IBTC said purchase prices rose at the fastest pace in almost two years amid exchange rate weakness and higher costs for fuel and materials.
The draw for the promo was held at the Bank’s Walter Carrington Crescent head office in Lagos State on Friday.
Stanbic IBTC Holdings said the event is scheduled to take place on November 25, 2023 in Lagos State.
The company in a statement on Tuesday said the Together4ALimb Walk reaffirms its commitment to supporting children living with limb loss.
The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Index™ (PMI®).
“The President has shown capacity to deliver within his short time in office.
The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.
Stanbic IBTC Bank, a leading financial services provider, has proudly announced its recent recognition at the prestigious Global Transaction Banking Innovation Awards. The award, presented during a gala event held on Thursday, 21 September 2023, acknowledged Stanbic IBTC’s exceptional contributions and innovation in the field of Transaction Banking.
Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has unveiled the highly anticipated second season of its transformative initiative – FUZE Talent Show.
Undoubtedly, women’s empowerment has emerged as a potent catalyst, igniting positive change and reshaping the narrative surrounding women’s roles in society. This transformative shift has revolutionised the lives and contributions of women, enabling them to unleash their full potential in fostering societal growth, nurturing thriving economies, and creating sustainable livelihoods.
tanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has further shown its commitment to breaking down barriers and creating opportunities for women in traditionally male-dominated sectors in Nigeria. The Bank did this as it sponsored the Lagos Chapter of Women in Energy, Oil, and Gas (WEOG) Investiture ceremony held recently.
Steep price pressures acted to limit the pace of growth in the Nigerian private sector in July. Overall input costs rose at a pace unsurpassed in more than nine-and-a-half years of data collection, with selling prices up rapidly in response. Rising price pressures impacted demand, with growth of both new orders and business activity softening as the second half of the year got underway. Meanwhile, business confidence hit a new low.
To this end, it has signed a partnership agreement with the Small and Medium Enterprises Development Agency of Nigeria.
Stanbic IBTC Bank has reacted to the judgment of the Competition and Consumer Protection Tribunal sitting in Abuja
The imposition of the fine on Stanbic-IBTC Bank on Thursday was done by the judges via a split decision of two to one.
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has further supported SMEs in Nigeria by storming markets across different states in Nigeria to introduce financial solutions that can transform their businesses.
This feat marks the 15th time the Bank has received this esteemed honour, reaffirming its commitment to providing innovative and efficient services to clients worldwide.