By Modupe Gbadeyanka

The banking business of Stanbic IBTC Holdings Plc, Stanbic IBTC Bank, has been recognised as the Best Corporate Bank by the International Business Magazine (IBM).

IBM celebrates outstanding organisations and individuals who demonstrate exceptional leadership, innovation, and commitment to excellence in their fields.

The organisation organises an awards event, which has carved a niche for itself, showcasing the incredible achievements of executives who display excellent leadership qualities, along with adherence to prudent business practices.

The award given to the Nigerian lender reflects its relentless pursuit of innovative solutions that not only foster business growth but also contribute to the economic development of Nigeria.

“This award reflects our team’s relentless commitment to providing superior banking solutions that empower businesses to thrive. We strive to create value for our clients through innovative products and exceptional service,” the Executive Director of Corporate and Transaction Banking at Stanbic IBTC Bank, Mr Eric Fajemisin, said.

Also commenting, the chief executive of Stanbic IBTC Bank, Mr Wole Adeniyi, said, “Receiving the Best Corporate Bank award from International Business Magazine reflects our unwavering commitment to innovation and exceptional client service.

“This accolade reflects the skill and dedication of our outstanding team and the deep trust our clients have in us. We are resolutely focused on empowering businesses and fuelling sustainable economic growth in Nigeria with our unparalleled corporate banking solutions.”

Stanbic IBTC Bank’s dedication to excellence has not gone unnoticed, and this recognition serves as a testament to the hard work and innovation displayed by its team.

As the bank continues to evolve, it remains committed to driving growth and providing exceptional banking solutions that meet the demands of its clients worldwide.

By Aduragbemi Omiyale

Subscription for the N88.1 billion public offer of Sterling Financial Holdings Company Plc has commenced, Business Post reports.

The exercise began on Wednesday, September 17, 2025, and will close on Tuesday, September 30, 2025, according to details from the company.

The organisation is offering 12,581,000,000 ordinary shares at a fixed price of N7.00 per units to interested investors.

Proceeds from the public offer would be used for three specific purposes, with 50.04 per cent amounting to N43.0 billion for the recapitalisation of the company’s banking subsidiary, Sterling Bank Limited; 11.64 per cent amounting to N10.0 billion for boost the wealth management services arm of the business known as SterlingFi; and 38.33 per cent (about N32.9 billion) for strategic expansion opportunities.

The minimum application is 1,000 shares and multiples of 1,000 shares thereafter, with applicants required to pay for the offer equities in full and in the subscription currency at the time of submission of the application.

Sterling Holdings continues to innovate with a broad range of digital products and services while maintaining a strong physical presence across all states in Nigeria.

Its success is driven by a highly experienced management team, with over 170 years of combined expertise in financial services and technology.

The firm is a leading provider of banking and financial services to corporate and individual clients through its subsidiaries. With over 64 years of experience, it has grown from its merchant banking roots, established in 1960, into a robust financial holding company with three subsidiaries of Sterling Bank, The Alternative Bank (a specialized non-interest bank) and SterlingFi.

By Aduragbemi Omiyale

The Get Alert in Millions (GAIM) Season 6 promo of Fidelity Bank Plc has been extended by three months, with the total cash rewards increased to N189 million from N159 million.

The nine-month campaign, earlier scheduled to end in August, will now close on November 30, 2025, after a regulatory approval for the extension.

The lender explained that the shifting of the deadline for the promo forward by 90 days was to reward more loyal customers, who never wanted the savings campaign to end because of its benefits.

With over N30 million still up for grabs in the remaining monthly draws, and N2 million, N5 million, and N10 million earmarked for the second runner-up, first runner-up, and grand prize recipient, respectively in the final draw, Fidelity Bank is calling on all Nigerians to open and fund their Fidelity Savings Accounts for a chance to be selected.

The Divisional Head for Product Development at Fidelity Bank, Osita Ede, stated, “Our decision to extend the GAIM 6 campaign is borne out of the feedback we received from our customers and prospects.

“They asked for more opportunities to benefit from the promo, and we listened. With management and regulatory consent, we’re thrilled to keep the excitement going for another three months.”

As part of the ongoing campaign, Fidelity Bank recently celebrated 20 customers nationwide, each receiving N1 million after being selected in the 7th and 8th monthly draws. Winners are chosen through electronic draws supervised by the Federal Competition and Consumer Protection Commission (FCCPC) and other regulatory bodies to ensure transparency and fairness.

“We are delighted to welcome our newest beneficiaries and commend their loyalty. A million Naira is a life-changing amount, and we encourage them to make the most of it.

“One standout feature of GAIM is our financial advisory support at the Fidelity SME Hub, designed to help recipients grow their rewards,” commented Ede on the latest batch of recipients.

Through GAIM 6, Fidelity Bank continues to champion financial empowerment, reward customer loyalty, and promote a savings culture across Nigeria — staying true to its mission to help individuals grow, inspire businesses to thrive, and empower economies to prosper.