Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has signed a landmark three-year term loan agreement worth 800 million Chinese Yuan (CNY) with the China Development Bank (CDB), marking a significant step in strengthening financial cooperation between Nigeria and China. The agreement, announced over the weekend, is aimed at enhancing Stanbic IBTC’s capacity to
Financial services giant, Stanbic IBTC, has projected a significant downward adjustment in Nigeria’s benchmark interest rate, forecasting a 200 basis points (bps) cut in 2025. This projection comes amid ongoing efforts by monetary authorities to strike a balance between inflation control and economic growth stimulation. In its recent macroeconomic outlook, the financial institution noted that
A new report released by the Nigerian Economic Summit Group (NESG) in partnership with Stanbic IBTC Bank shows that Nigerian businesses are growing more confident about the future, even as they continue to face major hurdles such as poor electricity, high rent, and limited access to finance. According to the April 2025 edition of the
