Stanbic IBTC Bank Honoured for Supporting Women-Owned Businesses

Image

By Modupe Gbadeyanka

Stanbic IBTC Bank Limited has been recognised as the Most Outstanding Bank Supporting Women-Owned Businesses at the Women in Marketing and Communications Award (WIMCA) held in Lagos.

The organisers of the event said the subsidiary of Stanbic IBTC Holdings has been very supportive of businesses owned by females in the society.

The lender has created a healthy environment that breaks down barriers for talented, qualified women to achieve their career aspirations, own their businesses, and make demonstrable differences in their various industries.

The Head of Enterprise Banking at Stanbic IBTC Bank, Ms Olajumoke Bello, while receiving the award on behalf of the award, expressed profound appreciation to the organisers for the honour, promising that the bank remains committed to supporting every woman whether in career or business through its Blue Blossom community curated specifically for women.

“We believe that women’s activities are pivotal to the development of any economy, and we are committed to providing them with the support they need to succeed,” Ms Bello said.

She added that the move has been welcomed by women in the business landscape, who see it as a significant step towards achieving gender equality in the financial sector.

The initiative will create more opportunities for women entrepreneurs and executives to succeed in their businesses and achieve their financial goals.

WIMCA is the largest gathering of female professionals in brand, marketing and communications in Nigeria and Sub-Saharan Africa. The event celebrates outstanding women and corporate organisations for their contributions to the growth of their industries and the country.

Share
Related Stories
Image
06-December-2023

Agusto, DataPro Upgrades DLM Capital Ratings

By Aduragbemi Omiyale DataPro and Agusto & Co have upgraded the credit ratings of a Lagos-based development investment bank, DLM Capital Group, following an improvement in its credit risk and liquidity risk management. DLM Capital Group is a company with many subsidiaries, including DLM Advisory, DLM Asset Management, DLM Securities, CitiHomes Finance Company, DLM Nominees, DLM Trust Company, Sofri Bank (LINKS MFB), and DLM FX. The group provides innovative solutions to economic and social developmental challenges that impact the everyday lives of people. In its rating assessment, the pan African credit rating agency, Agusto, explained that it upgraded DLM Capital

Image
04-December-2023

Fear Grips Opay, PalmPay Users Over New CBN Directive

By Bliss Okperan Users of neo banks like Opay, Carbon, Kuda, and PalmPay, among others, are worried over the new directive of the Central Bank of Nigeria (CBN), which intends to freeze bank accounts not linked to a Bank Verification Number (BVN) and a National Identity Number (NIN). Last week, the apex bank directed deposit money banks (DMBs) to place a “Post No Debit (PND)’ on any accounts with BVN and NIN from next year. For most neo banks, account numbers are opened with just users’ phone numbers without the BVN, unlike the traditional banks. However, they cannot make transactions

Image
07-December-2023

NIBSS Orders Banks to Remove Paystack, Others from Funds Transfer Channel

By Aduragbemi Omiyale Deposit Money Banks (DMBs) have been directed by the Nigeria Inter-Bank Settlement System (NIBSS) Plc to yank off all financial institutions not licenced to hold customers’ funds from their NIBSS Instant Payment (NIP) outwards platforms. In a circular dated December 5, 2023, the agency said allowing these firms, which obtained licenses to operate as Payment Solution Service Providers (PSSPs), Switching Companies, Super Agents and others from the Central Bank of Nigeria (CBN), to collect funds from customers was in contravention of the law. NIBSS said only commercial banks and others authorised by the central bank to receive

More Stories
Image
08-February-2017

NNPC Boss Orders Implementation of ‘12 BAFU’ Policy Framework

By Modupe Gbadeyanka Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Kacalla Baru, has directed the Chief Operating Officers (COOs) of the agency to start immediate implementation of the policy framework, the 12 Business Focus Areas (BUFA), aimed at institutionalizing efficiency, profitability and growth in the corporation. Mr Baru gave this order on Tuesday while receiving reports of the eight committees mandated with the task of developing appropriate strategies to drive the implementation of the 12 BUFA in the corporation. Components of 12 BUFA, initiated by the NNPC boss include: Ensuring security of NNPC assets; Developing

Image
08-May-2021

Moody’s Fears First Bank Financial Health Could be at Risk

By Dipo Olowookere There is every possibility that the financial health (solvency) of First Bank of Nigeria Limited, the flagship subsidiary of FBN Holdings Plc, could be at risk, Moody’s Investors Service has feared. The rating agency in a report on Wednesday also said the management team of the bank could find it difficult to focus on implementing the company’s strategic plan. First Bank has been in the news recently following the botched boardroom coup that initially ousted its Managing Director, Mr Adesola Adeduntan. The Veterinary Doctor turned banker was removed from office by the board of the organisation formerly

Image
22-March-2022

Five Sports You Should Bet On and Why

Many sports are covered at various sports betting sites. When you want to start your sports betting journey, you need to find the right one. In that case, you might want to narrow down the sports and events you will be betting on. For instance, if you enjoy horse racing, you can niche it down to the Kentucky Derby 2022 event, and so on. To help you get started, we have highlighted five sports you should consider betting on and why you should consider them. So, if you want to learn more, you should continue reading this article. Soccer Soccer

Image
27-June-2022

OVH Energy Rewards Distributors for Outstanding Performance

By Adedapo Adesanya Leading supplier and distributor of refined petroleum products, OVH Energy Marketing, has rewarded its top-performing lubricant distributors for their outstanding performance at a presentation ceremony held in Lagos. During the presentation ceremony which happened at Aspamda Market, two qualified distributors who each sold over 1 million litres of lubricants were recognized in line with the management’s commitment to award deserving distributors. Chucorl Nigeria Limited and Ade De Young Auto Limited, who met and exceeded the set target in the distribution of OLEUM lubricants, were awarded OLEUM branded trucks at the ceremony. Speaking at the event, the Chief

Image
21-June-2017

New Funding Opportunity for Rural Africa by MasterCard

By Dipo Olowookere A new competition to find and support providers of innovative and scalable financial products and services that improve the lives of poor people in rural areas of Africa has been launched by the MasterCard Foundation Fund for Rural Prosperity (FRP). The 2017 competition will follow a ‘rolling’ format. It will be open throughout the year with applications submitted and evaluated periodically. The first submission period will close for judging on August 10, 2017. Unsuccessful applicants will be able to refine and resubmit their applications subsequently, along with new entrants in the competition. The FRP will accept applications

Image
07-August-2020

Abuja Court Convicts Naira Marley for Lockdown Violation

By Adedapo Adesanya Music star, Mr Azeez Fashola, popularly known as Naira Marley, has been convicted by an Abuja mobile court for violating COVID-19 protocols in June 2020. The FCT Administration had filed a four-count charge against him for hosting a concert in Abuja, in clear violation of COVID-19 directives. Concerts and event centres have been shut down across the country by the government as part of efforts to contain the spread of coronavirus disease. Magistrate Idayat Akanni, who presided over the court session on Friday, August 7, consequently fined the Lagos-based musician N200,000 after he pleaded guilty to the

Image
08-November-2021

Weekly Investment in Nigerian Equities Drops 64.2% to N12.4bn

By Dipo Olowookere Investment in Nigerian equities last week waned by N22.2 billion or 64.2 per cent to N12.4 billion from N34.6 billion in the previous week as only 1.4 billion stocks were traded by investors in 23,987 deals in contrast to the 3.0 billion stocks transacted a week earlier in 25,932 deals. Business Post observed that the decline in the level of activity was likely due to the decisions of traders to trade cautiously and only enter the market when it is really necessary. In the past weeks, the Nigerian Exchange (NGX) Limited was busy when investors observed that

Ad
Ad
Recent Stories
Image
11-December-2023

Moyo Lawal, Mohbad, Peter Obi, Others Lead Top Trends on Search in 2023

By Modupe Gbadeyanka A foremost search engine platform, Google, has released the findings of its 2023 Year in Search for Nigeria, showcasing the most popular searches, notable individuals, actors, musicians, topics, questions, and other subjects that captured Nigerians’ attention throughout the year. Google’s Year in Search is an annual analysis that reveals the top trending lists and also spotlights what the world searches to see, learn, and do. In Nigeria, this year’s results show a heightened interest in lifestyle, local politics, and notable personalities such as Moyo Lawal, Peter Obi and Oladipupo Oladimeji, aka Oladips, who topped the trending people’s

Image
11-December-2023

Reflecting on a Catholic Priest’s 30 years Of Liberal Thoughts

By Jerome-Mario Utomi Taken objectively, Rev. Fr. Victor Ibude, from Agbor, Delta State, Nigeria, is a Catholic Priest ordained about 30 years ago precisely in the year 1993, who in the first instance went to the seminary with no ambition of becoming a priest but only went in thanksgiving to God for aiding him score distinction in his examination as conducted by the West African Examination Council (WAEC). He was, however, through divine arrangement and natural order of things, ordained a Priest of the Catholic Church on the aforementioned date. Essentially, by his ordination which was administered by His Lordship,

Image
11-December-2023

Airbus, BMW Introduce Quantum Computing Competition

By Modupe Gbadeyanka A global quantum computing competition called The Quantum Mobility Quest, designed to tackle the most pressing challenges in aviation and automotive that have remained insurmountable for classical computers, has been launched by Airbus and BMW Group. Business Post reports that registration for the challenge has commenced, with submissions to be accepted from mid-January through April 30, 2024, via www.thequantuminsider.com/quantum-challenge. The contest is hosted by The Quantum Insider (TQI) and divided into two parts, a four-month phase where participants will develop a theoretical framework for one of the given statements, and a second phase during which selected finalists

Image
11-December-2023

WEF Lauds OPay for Revolutionising Financial Inclusion in Nigeria

By Modupe Gbadeyanka One of the leading digital and mobile banking institutions in Nigeria, OPay, has been praised for revolutionising financial inclusion in the country and Africa. This commendation came from the World Economic Forum (WEF), which said OPay’s ascent in the financial inclusion landscape stands as a testament to its unwavering commitment to innovation and customer-centricity. In its recent report titled Here’s Why Africa is the World Leader in Digital and Mobile Banking, OPay was lauded for leveraging cutting-edge technology to democratise access to vital financial services, such as money transfers, bill payments, airtime purchases, and merchant transactions, reaching

Image
10-December-2023

Audiomack Picks Aleph as Authorized Sales Partner in Nigeria, Ghana

By Modupe Gbadeyanka A New York-based audio streaming platform, Audiomack, has chosen Aleph as its Authorized Sales Partner in Nigeria and Ghana, underlining Aleph’s commitment to enhancing its presence and strategy in Sub-Saharan Africa (SSA). This collaboration will leverage Aleph’s deep expertise in crafting targeted and impactful campaigns and Audiomack’s robust platform teeming with engaged users, creating an unparalleled landscape of opportunity for brands and agencies across the region. Aleph was unveiled on December 5 at a pop-up event dubbed #AudiomackHouseLagos, which brought together key players in the music industry to celebrate the thriving Nigerian and African music scenes. The

Image
10-December-2023

How We’ve Managed Anioma Hospital Without Friction for 42 Years—Idiaghe Brothers

By Jerome-Mario Utomi The ancient city of Agbor, Delta State, Nigeria, houses many hospitals. While some are government-owned such as the General Hospital and Primary Healthcare Centers (PHC), others were established and operated by faith-based organizations like churches. The rest, which of course are higher in number, were midwifed by private individuals. Among these privately owned hospitals is Anioma Hospital. The subtle meaning of Anioma in the Igbo language is good land. Aside from the quality of service delivery, which is the hallmark of the hospital in the past 42 years, Anioma Hospital has for other obvious reasons, scored other

Image
10-December-2023

Where Faith Meets Rhythm: The Deep Connection Between Africans and Gospel Music

In the vibrant tapestry of African music, gospel holds a special place. Its soulful melodies and uplifting messages resonate deeply with listeners across the continent. American gospel music might have taken the forefront as a preferred source of inspiration for Gospel music lovers but African listeners are increasingly rediscovering and embracing their homegrown gospel sounds. African gospel music is deeply rooted in the cultural overtones and spiritual aspirations that arise from local communities. It incorporates local languages, traditional rhythms, and music styles that create an authentic sound that deeply resonates with African audiences. In recent years, African gospel music has

Image
10-December-2023

$11bn Suit: UK Court Orders P&ID to Pay Nigeria £20m Within 28 Days

By Adedapo Adesanya Almost two months after Nigeria’s victory in an $11 billion suit, the Commercial Courts of England in the United Kingdom has ordered Process & Industrial Developments (P&ID) Limited to pay £20 million in damages and compensation. The court ordered that the money be given to Nigeria within the next 28 days. The award of £20 million in damages was revealed during a subsequent ruling on the subject in London to determine what happened after the October ruling. The hearing was also held to determine whether P&ID would be granted permission to appeal the decision, however, the court

Image
10-December-2023

SERAP Tells NNPC to Disclose Oil Output, Exports, Revenue Since Subsidy Removal

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has urged the Nigerian National Petroleum Company (NNPC) Limited to disclose Nigeria’s daily oil production and exports as well as the total amounts of revenue generated from oil since the removal of subsidy on petrol in mid-2023. In a letter dated December 9, 2023, the group asked the chief executive of the NNPC, Mr Mele Kyari, “to disclose how much of the revenues generated from oil have been remitted to the public treasury since the removal of subsidy on petrol.” He was also requested “to disclose details of payment of

Image
10-December-2023

Again, Nigeria Lifts VAT, Customs Duty on Imported Cooking Gas, Cylinders

By Adedapo Adesanya The federal government has exempted imported Liquefied Petroleum Gas (LPG) and its equipment from the payment of customs duty and value-added tax (VAT), a move expected to result in a drop in the cost of cooking gas in the country and bring much-needed succour to Nigerians. This was disclosed by the Minister of Finance, Mr Wale Edun, in a letter (dated November 28, 2023) to the Special Adviser to the President on Energy; the Comptroller-General of the Nigeria Customs Service (NCS); and the Chairman of the Federal Inland Revenue Service (FIRS). Recall that in 2019, the federal