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Stanbic IBTC Helps Lagos, Nigerian Breweries, Others Raise Funds

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Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has facilitated various landmark transactions in the Nigerian financial market.

The firm, through its subsidiaries, handled milestone deals for Nigerian Breweries Plc, Union Bank of Nigeria PLC, First Securities Discount House (FSDH) Merchant Bank and even the Lagos State Government, among others.

The Stanbic IBTC Holdings PLC subsidiaries include Stanbic IBTC Capital Limited, Stanbic IBTC Stockbrokers Limited and Stanbic IBTC Trustees Limited. These subsidiaries acted in various such as Financial Advisor, Issuing House, Bookrunner, Stockbrokers as well as the Receiving Bank and Joint Trusteeship.

Stanbic IBTC assisted the Lagos State Government to issue N100 billion in series 3 Bonds under its N500 billion Bond Programme in January 2020 with a tenor of 10 years. The bond was oversubscribed to the tune of N196 billion (2x subscribed).

Similarly, Stanbic IBTC Capital Limited backed the Nigerian Breweries Plc as the Joint Lead Arranger and Dealer to raise N89 billion in the Series 5 and 6 Commercial Paper Issuance which was also oversubscribed. Stanbic IBTC Capital Limited was responsible for 50 percent of the total amount raised in February 2020.

Stanbic IBTC Bank PLC, with the aid of its sister subsidiary, Stanbic IBTC Capital Limited, successfully issued N25 billion in Series 54 Commercial Paper in March 2020 with a tenor of 267 days under the issuer’s N100 billion multicurrency CP Issuance Programme. Though the bank sought to raise N20 billion, the commitment from investors was over N25 billion.

Stanbic IBTC Capital Limited surpassed the expectations of Union Bank PLC by raising N26.2 billion in the lender Series 3-4 Commercial Paper with the tenor of 180 days and 268 days under the Issuer’s N100 billion CP Issuance Programme in January 2020. Stanbic IBTC Capital Limited was responsible for 85 per cent of the total amount raised in the CP which was oversubscribed by 32 per cent.

The leading financial advisor and issuing house also acted as the Lead Arranger and Dealer for FSDH Merchant Bank to raise N23.6 billion in its inaugural CP issuance under its renewed N30 billion CP programme with a tenor of 266 days. It was solely responsible for engaging FMDQ to ensure quotation of the Series 1 CP on the stock exchange.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Applications Open for GTCO ‘Take on Squad’ Hackathon 3.0

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By Dipo Olowookere

Tech enthusiasts interested in participating in the Take on Squad Hackathon, organised by Guaranty Trust Holding Company (GTCO) Plc, can now enter the contest via the official portal at https://squadco.com/hackathon.

The programme enters its third edition in 2026, and the theme for this year is Smart Systems: The Intelligent Economy, according to a statement issued by the organisers.

The hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors, including financial services, healthcare, commerce and digital inclusion.

Participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.

It is part of the organisation’s commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.

 “Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve.

“Through Take on Squad Hackathon, we are deliberately investing in the ideas and talent that will define the future.

“Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact.

“This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress,” the Managing Director of HabariPay, Ms Eduofon Japhet, stated.

The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.

Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.

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Easter: Ecobank Assures Customers Uninterrupted Banking Services

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By Dipo Olowookere

Banking services will not be interrupted throughout the Easter public holidays, from Friday, April 3, to Monday, April 6, 2026, for any reason, Ecobank Nigeria has assured its customers.

In a message over the weekend, the member of Africa’s leading pan-African banking group, Ecobank Transnational Incorporated, said customers would continue to enjoy quality service delivery during the period.

It noted that its secure and robust digital platforms would remain fully operational to support financial activities during the festive period.

All digital channels, including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point agent locations nationwide, will remain accessible throughout the holiday, the financial institution further said, urging customers to conveniently conduct transactions at any time using this wide range of digital solutions.

Ecobank customers were encouraged to maximise the bank’s alternative channels for transfers, bill payments, airtime purchases, card services, and account management.

They were also advised to stay vigilant by shopping only on trusted websites; avoiding the sharing of PINs, passwords, and one-time passwords (OTPs); refraining from banking on public Wi-Fi networks; being cautious of urgent or emotionally charged messages; and regularly monitoring their account activity.

“Customers will continue to enjoy a full bouquet of services during the holiday, including local and international funds transfers, bill payments, airtime top-ups, merchant payments, balance enquiries, account statements, and cardless cash withdrawals via ATMs,” the Head of Products & Analytics, Consumer & Commercial Banking at Ecobank Nigeria, Mr Victor Yalokwu, stated.

“We understand that festive seasons come with increased financial activity, and our priority is to ensure our customers enjoy fast, reliable, and secure banking wherever they are.

“Our digital channels are designed to support uninterrupted transactions, and we have strengthened our systems to guarantee optimal performance throughout the Easter break,” he added.

Mr Yalokwu noted that, “Ecobank remains committed to providing innovative financial solutions and exceptional customer service. We wish all our customers and partners a peaceful and joyful Easter celebration.”

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Polaris Bank to Limit Access to VULTe for Four Days

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By Dipo Olowookere

Customers may have difficulty accessing the digital platform of Polaris Bank, known as VULTe, during the Easter holidays from Friday, April 3, to Monday, April 6, 2026.

This is because the financial institution is carrying out system maintenance on the platform in its effort to ensure users enjoy a better banking experience.

In a notice over the weekend, the lender said “access to VULTe may be limited,” but it provided an alternative, which is the PolarisXperience.

Polaris Bank, which expressed regret over “any inconvenience” this action may cause its customers, said the “scheduled system maintenance” would happen from 10 pm to 8 am daily, promising that normal service would return after the maintenance.

“In continuation of our commitment to delivering a seamless and improved banking experience, we will be conducting a scheduled system maintenance during the Easter holidays.

“During this period, access to VULTe may be limited. We have provided an alternative channel, PolarisXperience:

“Please go to our website to onboard or use it as an existing user. You can also use this link: (https://elogin.polarisbanklimited.com).

“We regret any inconvenience and appreciate your understanding. Normal service will resume after the maintenance,” parts of the notice seen by Business Post read.

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