The Nation Newspaper

Tag: Stanbic IBTC

  • Stanbic IBTC Pension Managers kicks off talent show

    Stanbic IBTC Pension Managers kicks off talent show

    Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has kicked off the third season of its acclaimed FUZE Talent Show with the unveiling of a panel of judges. The event at the Stanbic IBTC Towers in Lagos set the stage for what promises to be the most exciting edition yet, of the youth-centric talent discovery platform.

    In his address, Chief Executive, Stanbic IBTC Pension Managers, Olumide Oyetan, revealed this year’s theme: ‘Light it up’. The theme encapsulates the show’s mission to illuminate and celebrate Nigerian youths’ boundless creativity and talent.

    He emphasised the transformative power of the FUZE Talent Show, stating, “Each season, we’ve witnessed this platform’s ability to uncover, foster, and propel young talents into the spotlight; giving rise to new stars who now shine across the realms of music, dance, fashion, and technology”.

    A key event highlight was the announcement of an unprecedented grand prize of N50 million for this year’s winners, setting new stakes for talent competitions in Nigeria. This substantial increase in prize money underscores Stanbic IBTC Pension Managers’ commitment to providing life-changing opportunities for young Nigerian talents.

    The star-studded judging panel for FUZE 3.0 was unveiled, featuring a diverse group of industry experts who will evaluate contestants in four categories: Fashion: Funke Adepoju, a celebrated Nigerian fashion designer and the founder of Funke Adepoju Couture, will bring her expertise in blending traditional Nigerian aesthetics with contemporary styles to the fashion category.

    In technology, Akinwande Akinsulire, the Director of Engineering at Co-Creation Hub (CcHub), will lead the technology category in identifying ideas in the tech space.

    Read Also: Oando shortlists for Trinidad and Tobago refinery

    For dance, DonFlexx, a renowned entrepreneur, social media influencer, and digital marketing expert, will bring his dynamic energy to the dance category; looking for performers who can captivate audiences both on stage and online.

    Music, Korede Bello, an award-winning Nigerian singer and songwriter, will lend his musical prowess to identify the next big stars in the music category.

    These industry heavyweights will provide fair ratings, valuable feedback, and guidance to participants throughout their FUZE journey.

    The media parley also revealed an expanded regional selection of contestants for the competition, promising even more diverse opportunities for participants to showcase their skills. Building on the success of previous seasons, which engaged over 10,000 participants and captured millions of viewers worldwide, FUZE 3.0 is poised to reach new heights in participation and global attention.

    Olumide called on Nigeria’s youths to seize this opportunity: “To our participants, let your creativity flow freely; your passion ignite the spark within; and your talents illuminate the stage. You are the heart and soul of the FUZE Talent Show, and we’re here to celebrate each of you.”

    As anticipation builds for FUZE 3.0, Stanbic IBTC Pension Managers reaffirms its commitment to nurturing young talent and contributing to the growth of Nigeria’s creative industries. The company threw open the event’s invitation to all Nigerian youths to participate in this life-changing opportunity and called on the media and public to continue to support this initiative that is set to uncover the next generation of Nigerian stars.

  • Stanbic IBTC pledges increased funding for gas sector

    Stanbic IBTC pledges increased funding for gas sector

    Stanbic IBTC Bank has restated the commitment to grow the gas sector by increasing its funding requirements. The bank insisted that from storage, production, delivery and even down to the renewable energy side of the divide there were a whole lot of products in place to support the gas value chain.

    Describing the renewable energy as key to economic growth, the Head, BCB Oil & Gas of the bank, Richard Inegbedion said that the bank had in the very short time done a lot in the sector. He asserted: “We are committed to the net zero emission drive and we will be part of various engagements. As a bank, products have been developed to ensure that we meet our clients’ needs in this space”.

    Speaking on the sideline of the Nigeria-South Africa Breakfast Meeting, with the theme, Energy Transition: “Identifying the Need and Financing the Opportunities”, in Lagos, Inegbedion disclosed that as a member of a standard bank group, there was a whole lot that is happening in the renewable energy space in the East African coast that the bank was leveraging to grow the market here in Nigeria.

    According to him, one of the line items that the bank had been able to leverage in the last few months was the World Bank Rural Electrification Agency (DES) programme. Called the Distributed Assets for Renewable Energy Scale-Up in Nigeria, the Head, oil and gas of the bank said that there was a grant attached to this that had been availed to the country, adding that Stanbic is the only bank that has signed an MoU.

    According to him, there is an understanding with the Rural Electrification Agency and the World Bank on how to apply the grant to support developers in the sector. Inegbedion explained that the grant for Nigeria was to support a deepening power supply to the rural areas especially.

     “As one of the participating banks in the project, we’re able to provide bridge finance for our clients under the grant agreement with the World Bank and the Rural Electrification Agency to support development.

    We have a working understanding with the agency and most of the developers that we’ve been able to reach out to were able to work with them to provide the right solution to deepening the renewable energy market in the rural area”, our bridge finance is meant to support and catalyse growth and the grant provides some level of comfort for us to continue to support our clients, Inegbedion added.

    Beyond the grant arrangement, Inegbedion said meanwhile, Stanbic bank had products to support the commercial and industrial space. Subject to our internal risk acceptance criteria, “we’re able to also support clients in the Commercial and Industrial (C&I) space; the drive is to continue to design frameworks and products to enable us to support and expand the mass ecosystem and mass opportunity that the market presents”.

    Read Also: Otuaro seeks partnership of NCTC to sustain Niger Delta peace 

    While describing energy transition as critical to the nation’s growth, the Head, BCB Oil & Gas said that as a bank, Stanbic IBTC was totally aligned to the call for zero net emission, and as a bank we’ve got various support programs for the sector, and not forgetting the opportunities in the oil and gas space. “Renewable energy has come to stay, we’ve got resources in abundance in Nigeria, and from the various sources of renewable energy, solar is very primary, and we are willing to take advantage of that. As part of the stakeholder within the ecosystem, we’ll continue to develop products and programs that will enable us to support the market”, Inegbedion added.

    He admitted that the traditional fuel had provided a lot of benefit for the country, however, there’s a need for us to align with a global initiative around reduction in carbon emission. “And for us in Nigeria and in Africa, we’re able to leverage on our spread as an institution beyond the shores of Nigeria to bring home expertise, to bring home support systems, support funding to drive the initiative”, he added.

    Our partnership with the Rural Electrification Agency as of today on the World Bank program, Redistributed Assets for Renewable Energy Scale-Up program, “we’re able to support developers in the various sub-segments, from solar home systems to mini-grid and interconnected mini-grid, so for us as a bank, it’s an opportunity to scale, it’s an opportunity to drive an initiative that will benefit everybody, and ultimately help to make the world a better place.

    As of today, in terms of capacity building, there’s a whole lot going on, we’re learning, we’re retooling, we’re redesigning, we’re creating new products, we’re amending, we’re absorbing new initiatives to enable us to create the change that the market deserves. And not forgetting the opportunities around the gas value chain.

    Admitting that gas was a transition fuel for us; he added that “it’s also an opportunity for us to provide support for the system”. While acknowledging the government for the regulatory framework around gas, Inegbedion said that Stanbic bank was totally aligned with the initiative around deepening the gas value chain adding it would continue to do more.

  • Stanbic IBTC, LBS seek sustainable financing for projects

    Stanbic IBTC, LBS seek sustainable financing for projects

    Stanbic IBTC Bank and Lagos Business School (LBS) are collaborating to widen the scope of sustainable financing for projects that could address the pressing Social and Environmental and Governance (ESG) issues in emerging markets like Nigeria.

    This was disclosed at the weekend by that Group Chief Executive Officer of Stanbic IBTC, Dr. Demola Sogunle, during the bank’s inaugural “Sustainable Finance Summit” with the theme “Sustainable Finance Opportunities in the Emerging Markets,” which he said is a collaborative effort between Stanbic IBTC and the LBS.

    Sogunle said: “At the Stanbic IBTC, we believe that financial institutions play crucial role in driving sustainable development. Our commitment to sustainability is reflected in one of our recent initiatives “Sustainable Finance Framework.

    Read Also: Terror kingpin Bello appeals for dialogue in new video

    “It is worthy to know that from the inception of this framework in October 2023 till date, over sustainable finance portfolio is currently at a level of N82 billion, representing nearly 5.0 per cent of the total loan portfolio of the bank. And that is significant.”

    He said that another significant aspect was that they had already surpassed their 2025 budget when it comes to sustainable finance portfolio, since the budget for 2025 was set at N48 billion and N82 billion had been achieved.

    According to him, the framework has guided investments in various sectors, including healthcare, education and renewable energy.

    He stated that there were immense potential for sustainable finance to address pressing social and environmental issues in the emerging markets like Nigeria, which continued to grow and develop.

    Sogunle, however, noted that as the challenges are real so are the opportunities for everybody.

    “We strongly believe that that by working together, we can create a more sustainable future for Nigeria and Africa and actually for the world,” he said.

    In his keynote address during the summit, the International Finance Corporation (IFC) Country Officer for Nigeria, Mr. Mohammed Aliyu, said that Africa was facing the most severe climate impact that could delete its Gross Domestic Product (GDP) anywhere from 2.25 per cent to 12 per cent if left unchecked.

    Aliyu said: “We are witnessing first-hand the effects extreme weather events from devastating floods amongst others, which force approximately 26 million people into poverty each year globally.

    “These impacts exacerbate existing vulnerabilities, particularly in infrastructure, both hard and soft.

    He, therefore, said that Africa required significant investment to meet infrastructure needs, particularly climate adaption and mitigation.

    “As the world becomes more climate conscious, increasing concerns over climate change and Environmental, Social and Governance (ESG) criteria constrained the type of projects that development partners and the private sector fund.

    “To mitigate this requires a delicate balance not just in Africa but globally to align the needs of developing nations with climate and sustainability considerations,” he said.

    According to him, designing a greening strategy in an African nation would require careful considerations of the unique political economic dynamics of the nation.

    “A decarbonisation strategy for African nation requires navigating a complex political economic landscape shaped by socio-economic challenges, vested interests, weak institutions and pressing need for energy access and development,” Aliyu said.

    He added that policy makers must carefully balance these considerations and ensure that climate actions are aligned with national development priorities while building public support and managing political resistance.

    He, however, said that within these challenges lie unprecedented opportunities.

    “The World Bank estimated that climate related industries in Africa represent a potential $780 billion investment opportunities. This could lead to the creation of 213 million jobs while contributing to a reduction of over 4.0 billion tonnes of carbon emissions in developing countries.

    “Therefore, for private and public stakeholders, effectively addressing climate change is not only crucial for tackling poverty, unemployment and inequality but also for promoting shared prosperity across the continent,” he added.

    Speaking in the same vein, the Dean, Lagos Business School, Prof. Chris Ogbochie, said that Africa is perceived to be synonymous with various developmental challenges across environmental, social and economic lives.

    These challenges, according to Ogbochie, demand that the continent should prioritise investments that have potential for environmental and socio-economic value creation for the continent and its people.

    He said: “No other sector and industry has this burden placed squarely on its shoulders like the financial service sector.

    “And no other continent has this opportunity in abundance for sustainable finance investors to tap into like Africa. We have a long way to go. We have taken the first step. And I believe that we can go ahead and make the most of it.

    “We believe this summit will deliver strong financial solutions that will enable a robust sustainable financial architecture for Nigeria and the continent at large.”

  • Stanbic IBTC unveils online platform for businesses

    Stanbic IBTC unveils online platform for businesses

    Stanbic IBTC Bank, a leading financial institution in Nigeria, has announced the launch of its updated Internet Banking platform for business customers, Enterprise Online 3.0.

    This upgrade includes new features to enhance the customer experience based on customer feedback from version 2.0.

    The Enterprise Online 3.0 platform offers improvements including enhanced transaction processing for single and bulk transfers, self-service password reset functionality, and flexible authentication options using One-Time-Password (OTP) or hardware tokens. The platform also introduces login notifications for improved security, an upgraded bulk upload feature, and an intuitive user interface. That is not all; an additional enhancement allows users to now receive email notifications for pending transaction approvals, thus streamlining the approval process.

    Read Also: Kaduna signs pact with UNICEF to return 200,000 out of school children to classroom

    Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, commented on the launch, saying: “At Stanbic IBTC Bank, we are dedicated to providing efficient and user-friendly digital banking solutions for our business customers. The launch of Enterprise Online 3.0 demonstrates our commitment to continually improving the experience and surpassing customer expectations. This is why we paid heed to our customers’ feedback and made significant changes to enhance their banking experience on Enterprise Online.”

    The Bank expects this upgrade to drive increased adoption of the Enterprise Online platform, while also improving payment processing efficiency, and reducing turnaround time for password resets. These enhancements aim to provide a superior experience tailored specifically for business users.

  •  Stanbic IBTC reiterates support for women

     Stanbic IBTC reiterates support for women

    Stanbic IBTC Holdings, a member of Standard Bank Group and a leading end-to-end financial institution in Nigeria, has reaffirmed its commitment to supporting women by empowering and nurturing their growth.

    During the inaugural Bloom Weekend event held recently at Landmark Event Centre, Victoria Island, Lagos, the company demonstrated its dedication to supporting women-owned enterprises by bringing women holding Blue Blossom accounts together with industry leaders and change-makers.

    During the event, Olajumoke Bello, Head of Enterprise Banking, Stanbic IBTC Bank, highlighted women’s critical role in the society; affirming them as its backbone. She noted that when women are provided with comprehensive business education and equitable access to financial services alongside affordable credit options, they unlock an extraordinary capacity for growth, leadership, and unparalleled success.

    Explaining the far-reaching positive impact of this kind of empowerment, Olajumoke said the Stanbic IBTC Blue Blossom business account is specifically tailored to support the unique needs of women entrepreneurs and business owners throughout Nigeria. This account offers a range of specialised services and resources to empower women in business, foster growth, and facilitate the smooth operation of their enterprises.

    “Blue Blossom is deeply committed to enhancing financial accessibility and fostering gender equality within the economic sphere. By introducing women-owned accounts, we aim to recognise and actively support women’s unique challenges and opportunities. This programme reflects our dedication to fostering an inclusive financial ecosystem, ensuring women receive the necessary support and resources to prosper. By focusing on empowering women, we can make significant strides toward equitable economic growth and development.”

    Olajumoke stated that introducing women to the fundamental business concepts and strategies and providing them access to equitable financial services and affordable credit options can unlock their infinite potential for growth, leadership, and success. By removing barriers and ensuring equal opportunities, women can thrive in business, demonstrating their vast capabilities and driving positive change.

    She explained that the Blue Blossom community aims to remove barriers for women 18 and older; ensuring seamless access to a wide range of services. These services include financial solutions and non-financial support to foster women’s development. Through the Blue Blossom community, women can get adequate guidance and resources to become their best versions.

    Read Also: FG terminates Dantata & Sawoe’s contract on Kano-Maiduguri road

    “This vision of empowering women financially is a strategic economic imperative, in addition to being a step toward gender equity. By focusing on equipping women with the necessary tools and resources, we can tap into a wellspring of hitherto untapped potential that can drive substantial progress across multiple sectors,” Olajumoke said.

    During the Ladies at the Table Empowerment Series (LATTES) session,  Bunmi Oke, Chief Executive Officer and Lead Consultant at Ladybird Limited, in her keynote address emphasised the dire need to empower women to achieve a more inclusive and equitable society. She highlighted the importance of unity, resources, and proactive engagement in the journey of female empowerment.

    Speaking on the theme ‘With her. for Her.’ Bunmi emphasised the importance of establishing a supportive network where shared experiences and successes are celebrated. “Initiatives such as mentorship programmes, networking events, and online forums enable women to connect, share knowledge, and uplift each other,” she said.

    In a panel discussion, Nike Bajomo, Executive Director, Business Development, at Stanbic IBTC Pension Managers, harped on women’s pivotal role in society and the need for robust support. She underscored the company’s commitment to promoting women’s welfare and empowerment.

    She said, “It’s important to acknowledge the efforts to support women in Nigeria. At Stanbic IBTC Pension Managers, a section of our business is dedicated to retirement planning. We help individuals invest their contributions for their retirement.”

  • Stanbic IBTC Bank empowers women entrepreneurs

    Stanbic IBTC Bank empowers women entrepreneurs

    Stanbic IBTC Bank has held its Bloom Weekend, created to provide more opportunities to empower womenpreneurs.

    At an event held at the Landmark Event Centre, participants and experts advised women to seize opportunities in the Blue Blossom community that caters to their development.

    The event featured several components including a yoga session, village market, the Ladies At The Table Empowerment Series (LATTES), an all-day trade fair, and Small and Medium Scale Enterprises (SME) masterclasses.

    Blue Blossom is a community of women who want to save more efficiently, diversify their investments, build sustainable businesses or careers and protect their wealth and family while connecting with other women in the community.

    Chief Executive Officer/Lead Consultant, Ladybird Advertising Limited, Mrs. Bunmi Oke, tasked women to prioritise planning towards achieving whatever they want across all verticals of their lives be it career-wise to family.

    “We as women must always support ourselves, we must realise that it is a privilege and with privilege comes opportunity and that’s why we do programmes like this, to give back,” she said.

    Mrs. Olajumoke Bello, head of Enterprise Banking, emphasised women’s indispensable contributions to societal progress and drummed the necessity to stand beside women and aid them in surmounting the obstacles that frequently obstruct their path on the journey to attaining financial prowess.

     “At Stanbic IBTC, this is how we are impacting women, we are helping to stand and support them as business owners and as the saying goes when women succeed, communities are impacted, communities prosper, communities thrive, and nations prosper,” she said.

     “The outcome for us is to see women in the Bloom Community grow and see it in their businesses and it shows that we are growing and continuing this journey with them. We want to see this empowerment feature in how they are thriving and growing.”

    Read Also: Tinubu: Govt won’t allow those with clear political agenda tear nation apart

    On her part, Mrs Nike Bajomo, the executive director of Business Development, Stanbic IBTC Pension Managers, said that the lender seeks to create a lasting impact, equipping women with the tools, knowledge, and community.

    “By focusing on a holistic approach, we aim to promote well-being, financial independence, and entrepreneurial success among women. Beyond these objectives, we recognise the transformative power of community. The cooperation that emerges when women unite to support one another is unmatched.

     “We believe that the collaborative environment of the Stanbic IBTC Bloom Weekend can spark meaningful change. By providing a space where influential figures and attendees can engage in open dialogue, we aim to inspire attendees to take bold steps towards their goals, armed with the insights and encouragement gleaned from this event.”

    The panel session at the event featured veteran broadcaster and consultant, Mrs Eugenia Abu, Dr Olaide Omotosho-Ikuru of Health Kinect clinic, Family Life Coach and Councillor, Nike Folagbade, as well as Associate Director, PwC, Oluwadamilola Dada.

  • Stanbic IBTC Bank hosts home ownership summit

    Stanbic IBTC Bank hosts home ownership summit

    Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a foremost financial institution in Nigeria, is championing the actualisation of home ownership dreams and property wealth creation for Nigerians.

    During its just concluded Home Ownership Summit, the Bank reaffirmed its commitment to empowering individuals, families, and business owners with the means to own their dream homes and properties.

    The summit was a pivotal platform for Stanbic IBTC Bank to engage with potential homeowners and key industry decision makers; where the Bank’s tailored home loan solutions that suit diverse needs and financial capacities were brought to the spotlight. Attendees were enlightened on the various benefits and flexible repayment options the Bank offers, that significantly enhance accessibility and affordability in the quest for home ownership.

    The event garnered a diverse audience, including real estate enthusiasts, investors, and industry experts. Notable speakers delved into real estate investment intricacies, financing options, and emerging market trends, offering invaluable insights to attendees.

    Other areas covered by the panelists at the summit included steps to take to ptotect wealth and prevent losses in real estate through insurance.  Creating a legacy and passing on wealth from one generation to another through wills and trusts was also discussed. The offerings are all catered to by the Stanbic IBTC group.

    Read Also: Ben Ayade lying low

    The keynote address delivered by Engr. Abdulhafiz Gbolahan Toriola, Permanent Secretary, Lagos State Ministry of Housing , provided a comprehensive overview and critical insights on building wealth through home ownership.

    The keynote speech was complemented by engaging panel discussions covering various topics crucial for real estate stakeholders. Experts delved into mortgage financing complexities, offered guidance on navigating the home buying process, and provided insights on property valuation.

    Stanbic IBTC Bank offers multiple options to support Nigerians with realising their home ownership dreams. These include easy access, flexible repayment terms of up to 20 years, expert guidance from a team of property specialists, and joint mortgage options with one‘s spouse.

    Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, underscored the significance of home ownership as a cornerstone of financial stability and wealth creation. He emphasised the Bank’s commitment to facilitating access to home ownership without undue financial strain.

    “As access to affordable housing remains a pressing issue, our Home Loan solution offers hope. With competitive interest rates, flexible equity contribution, and personalised guidance, our Bank aims to bridge the gap and make home ownership attainable for our stakeholders”; Adeniyi said.

    Overall, the Stanbic IBTC Home Ownsership Summit was an invaluable resource for real estate enthusiasts, equipping them with the tools and knowledge to navigate the real estate landscape and obtain the needed funding.

  • Stanbic IBTC Insurance launches Education Endowment plan

    Stanbic IBTC Insurance launches Education Endowment plan

    Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched its highly anticipated Education Endowment Plan, an offering that empowers parents and guardians to secure the academic future of their children or wards.

    Targeting young adults, the Education Endowment Plan encourages parents and guardians to adopt a long-term strategy for investing in the educational future of their children  Through the launch, the company aims to raise awareness about the importance of investing in education.

    By opting for the Stanbic IBTC Education Endowment Plan, parents can benefit from a comprehensive investment solution that safeguards their children’s academic journey.

    Read Also; Alake presents gold bars to Tinubu, says sector will boost Naira value

    During a media interactive session in Lagos, Chief Executive of Stanbic IBTC Insurance,  Akinjide Orimolade, explained that the Education Endowment Plan offers families a strong financial safety net. This product ensures the protection of their children’s education, regardless of life’s uncertainties; providing reassurance and confidence. By making strategic investments today, parents can secure access to education for their children, enabling them to realise their full potential and pursue their aspirations.

    “We are proud to launch the Education Endowment Plan campaign, an insurance product that aligns with our commitment to empowering parents in Nigeria to attain financial security for the education of their children. As a leading insurance provider, we recognise the profound impact education has on a nation and its populace, and we are dedicated to supporting parents in their quest to provide quality education for their children by insuring the future,” Akinjide stated.

    He further emphasised, “The loss of a parent or guardian is profoundly devastating and can greatly affect a child’s educational journey. With this in mind, we have created a product to reassure parents and guardians. It ensures that their children and wards’ education will remain secure and uninterrupted regardless of life’s uncertainties.”

    The Stanbic IBTC Education Endowment Plan offers numerous benefits. It provides financial support for dependants in case of death; guarantees the child’s or ward’s education; and gives parents and guardians peace of mind. The plan can also be used as collateral to secure a loan, where urgent needs arise. At the plan’s maturity, the targeted amount is payable, plus a bonus enhancing the benefits, making it an effective vehicle for saving.

    The plan features include minimum and maximum entry ages of 18 and 65, respectively, with a maximum exit age of 70. The plan terms range from five to 20 years, and premium payments can be made monthly, quarterly, semi-annually, annually, or through lump sum payments. Coverage is provided against death from any source, with a minimum benefit of N1,000,000.00. The guaranteed sum assured is specified in advance by the policyholder, and an annual reversionary bonus currently guaranteed at two percent of the sum assured begins to accrue at the end of each year.

    Stanbic IBTC Insurance is backed by a strong and reputable history. With over two decades of service, the Stanbic IBTC Group has a proven track record of excellent service delivery.

    Akinjide urged parents and guardians to take charge of their children’s future today by securing the Stanbic IBTC Education Endowment Plan. “We can empower the next generation to achieve greatness and build a brighter future for Nigeria just by the investments we make today. Your decision today can significantly impact your child’s or ward’s future; making you feel empowered and responsible for their success.”

    The Education Endowment Plan is a call to action for parents and guardians to make intelligent choices for their children and wards. Obtaining this insurance plan marks a significant step forward in securing a transformative investment in their academic security, providing them with an advantage in the future.

  • Stanbic IBTC invests in education development

    Stanbic IBTC invests in education development

    Stanbic IBTC has announced the launch of its scholarship programme for the 2023-2024 academic year. The initiative is designed to support and invest in the educational development of exceptional Nigerian youths. Through the initiative, scholarships will be awarded to 200 students across the country, thus reaffirming Stanbic IBTC’s commitment to supporting education and providing opportunities for outstanding students to achieve their academic dreams.

    Building on the success of last year’s programme, this year’s scholarship targets students who have demonstrated academic excellence. To qualify, students must have a UTME score of 250 and above, at least five credits in O’Level (WAEC or NECO), and proof of admission to a Nigerian federal or state university. The scholarship aims at relieving financial burdens and inspire students to strive for excellence in their academic pursuits.

    Stanbic IBTC is also excited to announce that the award ceremony for the scholarship recipients will be a hybrid event, allowing participants to join either physically or virtually. The inclusive approach ensures that students, parents, and stakeholders from all regions can partake in the celebrations.

    Read Also: Stanbic IBTC Insurance receives NAICOM’s approval for 2023 Financial Report

    Chief Executive at Stanbic IBTC Holdings, Demola Sogunle, emphasised the importance of the initiative, stating, “At Stanbic IBTC, we strongly believe in the transformative power of education. Our commitment to this cause is clearly demonstrated through our scholarship programme, which is designed to nurture and develop the potential of Nigeria’s youth. Our mission is to provide these talented individuals with the resources and support they need to excel academically. We encourage eligible students to take advantage of this opportunity by applying to our programme. This step could be the key to unlocking their academic aspirations and achieving their goals.”

    Sogunle further emphasized the importance of the initiative, explaining how the organization plans to empower young people through comprehensive educational programmes. He said, “Our efforts aim at equipping young people with knowledge, inspiring innovation, and foster a spirit of leadership, ensuring they have the necessary tools and support to make positive changes in their communities and beyond.”

    Applications for the 2023/2024 university scholarship are currently ongoing and close on Sunday, 30 June 2024. Interested students are encouraged to visit www.stanbicibtc.com for more information on how to apply.

  • Stanbic IBTC urges youths on hard work

    Stanbic IBTC urges youths on hard work

    The Managing Director/Chief Executive of Stanbic IBTC Holdings, Demola Sogunle has impressed on young scholars the need to be performance-driven and be exceptional in whatever endeavours they find themselves.

    Delivering the keynote at the Stanbic IBTC Youth Leadership Series 2024 with the theme, ‘The Growth Code: Unlocking the Secrets and Strategies to Personal and Professional Success’, at the University of Lagos, he shared his career trajectory thus far.

    Sogunle said: “You can imagine you don’t have to measure so that you won’t think I will try and get 40per cent that’s under promising. And some people when they are changing roles (performance appraiser) you can deliberately set your goals and the parameters in such a way that you will scale the metrics.

    “You know you have capacity to do 60per cent, you put 40 that one is under promising, always over deliver. So it’s not as if you under promise somebody has said you should deliver 60 per cent. You have to go back and do more than 60per cent.”

    Sogunle urged the students and stakeholders to see everyone as a mentor whether young or old so as to be better in life.

    According to him, being a mentor has nothing to do with age. “The interrogation somebody younger will give you will blow your mind. But if you are using age I think the whole thing about age was sorted out even in the biblical period that wisdom is not meant to age,” he said.

    He also admonished them to respect and regard everybody as a mentor, you can learn from anybody and grow people around you, he added.

    He said: “Do not miss any opportunity to impact others and your people. Always over deliver. You have to be true to yourself. One of the worst things you can do to yourself is to lie to yourself, be kind and be true to yourself.

    Read Also: Stanbic IBTC’s initiative to restore school infrastructure

     “If you want to be successful, talk about your mistakes. So when you talk about your mistakes you are going beyond the mistakes. You are not holding yourself back to your errors. Talk about them, it’s not a problem. Search for a better idea every day. Even as we are here there are things you’ve seen that will give you some inspiration, better ways of doing things.”

    Also speaking, a Nollywood actress, Bisola Aiyeola noted that shyness hinders greatness, adding that focus promotes validation.

    “One mistake I have learnt was that I was very entitled. I knew I could sing and I was waiting for record labels to sign me but I realised that the entitlement mentality will not work. Shyness will hinder you from greatness. You have to constantly prove yourself. Try to put your mind into what you want to do.”

    In his own assertion, a Freelance Content Creator, Salem King said that social media is not fake life. “You need to start creating value; you need to start giving people things that they cannot give themselves. I told myself that I would post videos every day for a month and my followers grew fast,” King said.