Banking
Kunle Adedeji Takes Over as Acting CEO of Stanbic IBTC After Sogunle’s Retirement
Banking Finance

Kunle Adedeji Takes Over as Acting CEO of Stanbic IBTC After Sogunle’s Retirement

Stanbic IBTC Holdings Plc has announced the retirement of its Chief Executive Officer, Demola Sogunle, after an incredible 35 years of service. Sogunle, who has played a crucial role in shaping the company’s success, will officially step down on October 31, 2024. In a statement, Stanbic IBTC’s Board of Directors expressed their deep appreciation for […]

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Sterling HoldCo Finalises $50 Million Capital Raising Exercise on CBN Directive
Banking Finance

Sterling HoldCo Finalises $50 Million Capital Raising Exercise on CBN Directive

Sterling Financial Holdings Company Plc has made significant progress in its efforts to comply with the Central Bank of Nigeria’s (CBN) recapitalisation requirements for its subsidiaries, securing $50 million in fresh capital. This move, equating to approximately N75 billion, was accomplished through a private placement involving a consortium of domestic investors and ultra-high-net-worth individuals in […]

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Business Verge| Shareholders of Zenith Bank, GTCO, and Stanbic IBTC to Share N86.74 Billion as Interim Dividend for H1 2024
Banking Finance

Shareholders of Zenith Bank, GTCO, and Stanbic IBTC to Share N86.74 Billion as Interim Dividend for H1 2024

The shareholders of Zenith Bank Plc, Guaranty Trust Holding Company Plc (GTCO), and Stanbic IBTC Holding Plc are set to share N86.74 billion in interim dividends for the half year ending June 2024, reflecting a 74% increase from the N49.85 billion declared in the corresponding period of 2023. These leading banks collectively generated a profit […]

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CBN Appoints Full Board to Lead Polaris Bank into a New Era of Growth
Banking Finance

CBN Appoints Full Board to Lead Polaris Bank into a New Era of Growth

The Central Bank of Nigeria (CBN) has appointed a full Board of Directors for Polaris Bank Limited, marking a significant milestone in the bank’s growth trajectory. This development highlights the remarkable achievements of the new management and sets the stage for Polaris Bank’s future as a leading digital financial institution in Nigeria. The 10-member board […]

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