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Nigerian Stocks: Gain ₦331 Billion As Nestlé, Guinness Rally

Nigerian Stocks: Gain ₦331 Billion As Nestlé, Guinness Rally

Blue-chip buying lifts the market for a fourth day as Nestlé and Guinness surge, offsetting losses in Stanbic and other financial stocks.

Nigeria’s stock market extended its winning streak on Thursday, adding about ₦331 billion in value as strong buying interest in consumer and industrial stocks outweighed declines in banking and insurance names.

Market capitalization rose by 0.35 percent to ₦95.856 trillion, up from ₦95.525 trillion at the previous session’s close, according to data from the Nigerian Exchange. The benchmark All-Share Index climbed by 520.23 points, also a gain of 0.35 percent, to settle at 150,363.05, marking the fourth straight …

Stanbic Named Among Top 10 Brands

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings Plc has been named among the ‘Top 10 Brands Making a Difference in Nigeria.’

The first-ever Nigeria corporate social responsibility (CSR) and sustainability ranking 2019 recently released by TRUCSR revealed that Stanbic IBTC Bank emerged number 10 on the list of Top 50 Brands. The Top 50 list is made up of companies from diverse sectors such as banking, oil and gas, FMCG, telecomms, power, Pay TV, tech, non-governmental organisation and health, who are investing in highly impactful CSR and sustainability programmes.

The criteria used to adjudicate the ranking included participation …

Stanbic IBTC Launches Virtual Wallet

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has launched the Stanbic IBTC virtual wallet called @ease wallet, in line with its commitment to deepen financial inclusion and drive its digitisation agenda.

The product is set to provide a unique range of financial services to the informally served, the underbanked and the unbanked on various structured platforms with the last 10 digits of a phone number.

Stanbic IBTC @ease wallet affords customers the opportunity to access banking services such as interbank transfers, debit card issuance …

Stanbic IBTC Bank Rewards Long-Serving Staff

Stanbic IBTC Bank Rewards Long-Serving Staff

Stanbic IBTC Holdings recently held the 2019 edition of its long service awards. The annual event was an avenue for the organisation to recognise and reward staff who had put in significant years of service in Stanbic IBTC.

Delivering his welcome remarks, the Chief Executive, Stanbic IBTC Bank Plc, Dr. Demola Sogunle, described the event as being in line with the bank’s tradition of honouring employees who have distinguished themselves through hard work, dedication and commitment to Stanbic IBTC Holdings Plc.

He said: “Ladies and gentlemen, you will agree with me that recognition is not just about instituting an award …