Economy
Investor Confidence Soars as Stanbic IBTC Stock Price Crosses N100
By Aduragbemi Omiyale
The share price of Stanbic IBTC Holdings Plc surpassed the N100 threshold on Tuesday, July 29, 2025, some days after another player in the banking sector, GTCO Plc, crossed the milestone, demonstrating the confidence investors have in the company.
The strong appetite investors have for the stock reflects a broader enthusiasm surrounding the organisation’s robust fundamentals.
According to analysis, Stanbic IBTC Holdings impressed with a month-to-date gain of over 18 per cent on the Nigerian Exchange (NGX) Limited as of last Tuesday, ending the week at a stock price of N101, establishing itself as a key player in the market.
The upward momentum has been significantly propelled by its exceptional Q1 2025 results, where dazzled the market with a remarkable pre-tax profit of N116.4 billion, an astounding increase of 85.6 per cent when compared to the same period last year.
These results not only demonstrate the bank’s ability to navigate challenging market conditions, but also its capacity for sustained growth.
Furthermore, in a move to bolster its position and enhance operational capabilities, Stanbic IBTC recently secured a substantial three-year CNY800 million (approximately N172 billion) loan facility from the China Development Bank.
This strategic partnership reinforces Africa-China trade ties and highlights the company’s forward-thinking vision for growth and innovation.
Amidst an overwhelmingly positive sentiment prevailing in the market, Stanbic IBTC has now delivered an extraordinary year-to-date return of over 74 per cent and a cumulative trading volume of 180 million shares; evidence of its strength and resilience.
“Our commitment to delivering significant value for our shareholders is unrelenting. We are excited about our growth trajectory and the opportunities that lie ahead,” the acting chief executive of Stanbic IBTC Holdings, Mr Kunle Adedeji, shared his insightful perspectives on the firm’s outstanding performance in a recent statement.
He also highlighted how the company’s focus on innovation and operational excellence has not only bolstered its market position but also boosted the culture of accountability and transparency within the organisation.
According to him, the positive results being witnessed today are a direct outcome of the relentless efforts of the dedicated teams who are helping to realise the company’s vision.
On his part, the chief executive of Stanbic IBTC Bank, Mr Wole Adeniyi, expressed optimism about the potential that lies ahead.
“Being part of a group that actively explores new opportunities and seeks out partnerships to further enhance our capabilities, our strategies are designed not just for immediate returns, but to also build a sustainable future where our shareholders can continue to thrive alongside us,” he remarked.
With a strong foundation and clear vision, Stanbic IBTC is poised for continuous growth and success in the ever-evolving financial landscape.
As investor confidence strengthens and operational capabilities expand, Stanbic IBTC seems to be setting itself up for a bright and prosperous future.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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