Category Archives: Business

Diamond Bank Strengthens Growth in Q1 2017…Asset base jumps to N2.07trn

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Diamond Bank, yesterday, transmitted its Q1 2017 financial accounts to the Nigerian Stock Exchange, NSE, showcasingfocused and strong determination to continue to strengthen growth in key financial parameters.
The Bank’s performance scorecardfor the first three months of the business year as made available to journalists on the floor of the Exchange, reflects strong growth in asset base, customer base, quality service delivery, product development and deployment of cutting-edge technology to drive its operations.

GTBank Releases Q1 2017 Unaudited Results…….. Reports Profit before Tax of ₦50.39Billion

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Guaranty Trust Bank plc has released its unaudited financial results for the quarter ended March 31, 2017 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for the period grew by 39% to ₦104.66billion from ₦75.39billion reported in March 2016; driven primarily by growth in interest income.

Stanbic IBTC pledges to change perception of insurance industry

Chief Operating Officer, Sakeenat Bakare;  Chief Executive,  Mr. Anselem Igbo; and Head, Business Development, Ibiyemi  Mezu; all of Stanbic IBTC Insurance Brokers Ltd, at a media interactive forum organized by the company in Lagos on Thursday, April 20, 2017

Stanbic IBTC Insurance Brokers Limited, member of Stanbic IBTC Holdings PLC, has announced its plans to deploy trust-building measures that would plug major gaps in the insurance value chain in Nigeria.With the ultimate aim of enhancing insurance penetration in the country, the company said given the low level of trust in the industry, strategic steps are required to restore public confidence and put the sector on a stronger footing.

The 2017 GTBank Food and Drink Fair set to hold during Workers’ Day holiday

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Food lovers from across the world can once again look forward to an unparalleled culinary experience as the 2nd edition of the GTBank Food & Drink Fair is set to hold during the Worker’s Day holiday on Sunday the 30th of April and Monday the 1st of May, 2017. The 2-day event will treat attendees to enthralling gastronomic tours across a wide variety of exciting cuisines and delicacies while offering small businesses in the Nigerian Food Industry a free and vibrant platform to connect with a wider segment of their target markets as well as experts in their business fields.

Benefits of financial knowledge among youth – Stanbic IBTC Bank

L-R: Head, Commercial Suites, South-East, Stanbic IBTC Bank, Mr. Hillary Nwodo; Regional Manager, South-East; Stanbic IBTC Bank, Mr. Victor  Ekeocha; Chief Executive, Stanbic IBTC Bank, Dr. Demola Sogunle; School Captain, Government College Umuahia, Master Emeku Iheanyi; and The Principal, Government College Umuahia, High-Chief Jerry Onyemachi, during the Financial Literacy Day in celebration in Umuahia on Thursday 30th March, 2017.

Nigeria’s banking industry will continue to grow in sophistication, innovation and strength as the youth demography becomes significant in driving the future of banking, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has said. Such significance will ride on the back of more enlightenment powered by such initiatives as the financial literacy project of the Central Bank of Nigeria (CBN), the bank said.