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Tag "Stanbic IBTC Bank"

Tribunal fines Stanbic IBTC N120m over customer’s failed transaction

    Tribunal fines Stanbic IBTC N120m over customer’s failed transaction

A Competition and Consumer Protection (CCP) tribunal sitting in Abuja has imposed a fine of N120 million on Stanbic IBTC Bank over the failure to complete a transfer request of

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Stanbic IBTC begins deduction of N50 electronic transfer levy from domiciliary accounts

    Stanbic IBTC begins deduction of N50 electronic transfer levy from domiciliary accounts

Stanbic IBTC Bank says it will start deducting the sum of N50 as electronic money transfer levy (EMTL) on transfers into domiciliary accounts. The bank notified customers of the development

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CDC Group offers $75m funding for Stanbic IBTC Bank

    CDC Group offers $75m funding for Stanbic IBTC Bank

CDC Group, a United Kingdom development finance institution (DFI), has offered a $75 million debt commitment to Stanbic IBTC Bank, a member of Standard Bank Group. CDC in a statement

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Nigerian banks adopt new business models amid pressured earnings

    Nigerian banks adopt new business models amid pressured earnings

Major lenders in the country are currently revising their business models in the wake of mounting industry headwinds with a knock-on effect on their bottom lines. The double-whammy impact of

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N1.8bn deduction from Stanbic IBTC in national interest, says CBN official

  N1.8bn deduction from Stanbic IBTC in national interest, says CBN official

The Central Bank of Nigeria (CBN) says the alleged deduction of N1.886 billion fine from Stanbic IBTC Bank’s account was

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Sterling Bank chairman says it might become a holding company

  Sterling Bank chairman says it might become a holding company

Asue Ighodalo, chairman of Sterling Bank Plc, says the organisation is considering changing its operational structure from that of a

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