Connect with us

brand

Stanbic IBTC continues to impact lives through CSI initiatives

Published

on

As part of its Corporate Social Investment (CSI) initiative, the financial institution’s Marketing and Corporate Communications department renovated the SOS Children’s Villages, Social Centre, located at Isolo in Lagos State.

Members of the department gave the Social centre a face-lift with new wall paintings, sophisticated furniture, and donated an All-In-

One computer to comfort the children in accessing the digital hub at their Ejigbo campus. The facility is home to over 300 youths and over 2000 youths around Ejigbo will benefit from the upgraded space which includes a lounge, hub furniture and the all-in-one computer donated. SOS Children’s Villages is a non-governmental and non-denominational organisation that supports and provides for vulnerable children and young people who lack the required family care, protection and guidance.

Reiterating Stanbic IBTC’s commitment to continue making a positive impact in the society, Bridget Oyefeso-Odusami, Head, Marketing and Corporate Communications, Stanbic IBTC Holdings PLC, said that the organisation is keen on collaborating with reputable bodies such as the SOS Children’s Villages to foster the development of the nation’s younger generation.

We believe the future is digital, and we are happy to have donated useful items to enable the youths to stay up to date with digital learning, so they remain relevant in these times.

According to her, “At Stanbic IBTC, we are passionate about the wellbeing of our future leaders. As a socially responsible organisation, one of our major duties is to improve the quality of life of the needy in our society. This is what we aim to achieve through our Corporate Social Investment (CSI) initiatives.”

Oyefeso-Odusami praised the management of the SOS Children’s Villages for their selfless service to humanity and encouraged the children to take advantage of the provisions made available within the facility.

Expressing his gratitude to Stanbic IBTC for their thoughtfulness, Ayodeji Adelopo, Programme Director, SOS Children’s Villages Nigeria, said that the donations would enhance the impact that the organisation’s impact in the lives of the children.

In his words: “These children need a conducive environment to learn as well as access to emerging technology and the digital space. Stanbic IBTC has given these young ones the kind of luxury that is not available to them, and for this, we are very grateful.”

During her closing remarks, Maryam Daramola, Face-to-Face Fundraising Coordinator, SOS Children’s Villages, urged other corporate organisations, institutions, communities and governments to emulate the kind gesture of Stanbic IBTC in donating and partnering with them to make life better for the needy.

Daramola stated that since the inception of the SOS Children’s Village, the organisation has consistently worked to keep families together, provide alternative care when needed, support young people on their path to independence, and advocate for children’s rights.

The SOS Children’s Villages was founded in 1949 and is currently located in 135 countries and territories worldwide. The Nigerian arm of the organisation, established 46 years ago, has presence in Lagos, Ogun and Plateau as well as the Federal Capital Territory, Abuja.

Earlier on, the Lagos Island Zone of Stanbic IBTC Bank PLC also renovated Ayodele Primary School in Ajegunle, Lagos State while Stanbic IBTC Stockbrokers Limited refurbished Ijamido Children’s Home at Ota in Ogun State.

Stanbic IBTC continues to reiterate its commitment to supporting the growth of education in the country, especially through enhanced digital capabilities. This was demonstrated as the management of Estate Grammar School, Ilupeju, Oshodi, received a fully furnished digital library from the Operations Shared Services (OSS) department of Stanbic IBTC Bank PLC.

Similarly, at the Love Home Orphanage, Magodo, Lagos, the Business Transformation Programmes (BTP) department of Stanbic IBTC Holdings PLC donated food and other household items to orphans whose means of survival is dependent on generous donations from socially responsible corporate institutions.

According to Gbenga Onabanjo, Head Business Transformation Programmes, “there is nothing more heartwarming than seeing smiles you put in the faces of those who need it the most, people who have never met you but somehow have had their lives impacted from your kind gesture. It is not something we take for granted at Stanbic IBTC.”

The foremost end-to-end financial services provider, through these interventions, has proven that it will not relent in its contribution to Nigeria’s socio-economic development.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

brand

ZENITH BANK TO LAUNCH MAIDEN GIRL-CHILD EMPOWERMENT PROGRAMME

Published

on

Zenith Bank Plc is set to launch the maiden edition of its Girl-Child Empowerment Programme, an initiative aimed at inspiring young girls to dream boldly, develop the skills and confidence to pursue their aspirations, and prepare for meaningful opportunities in the future.

The event, themed “Banking On Her Tomorrow,” is the brainchild of the Bank’s Group Managing Director/Chief Executive Officer, Dame Dr. Adaora Umeoji, OON, the first female GMD/CEO in Zenith Bank’s history and a strong advocate for girl-child education and empowerment. The event will be held virtually on Monday, October 12, 2026, at 11:00 a.m., a day after the International Day of the Girl Child, observed globally on October 11.

The programme, which will feature an impressive lineup of distinguished experts in various fields, seeks to provide girls with the inspiration, knowledge and practical perspectives needed to navigate their education and careers, while exposing them to opportunities in skills development, mentorship and leadership. As an annual platform, it will encourage girls to recognise their potential, broaden their aspirations and equip themselves to make informed choices about their future.

The initiative builds on Zenith Bank’s longstanding commitment to women and girls, demonstrated through programmes and platforms including the Bank’s annual International Women’s Day Seminar, its sole sponsorship of the Zenith Women’s Basketball League, the Women of Honour Awards in partnership with the Ford Foundation, and the Pad-a-Queen Initiative. These complement the Bank’s women-focused financial solutions, including the Z-Woman initiative, an empowerment programme that supports women-owned and women-led businesses through specialised funding, capacity building and networking. Together, these initiatives reflect the Bank’s broader commitment to supporting women and girls at different stages of their lives, and to contributing meaningfully to national development.

This maiden edition is open to all, with girls, parents, educators and other members of the public invited to participate. Interested participants can register via the link below. Those unable to join via Zoom can follow the live stream on Zenith Bank’s social media platforms.

Continue Reading

brand

GTCO Plc Releases 2026 Half Year Audited Results …….. Reports Profit Before Tax of ₦603.03billion,Pays Interim Dividend of ₦1

Published

on

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2026, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).

The Group posted a profit before tax of ₦603.03 billion, driven by strong performance recorded on the interest and trading income lines, which grew y-o-y by 7.5% and 24.7%, respectively. The strong earningsrecorded was moderated by a ₦46.2 billion fair value loss recognized in H1–2026, limiting y-o-y growth in PBT to 0.4%.

The Group grew across its asset lines, reinforcing a balance sheet that is well structured, liquid and diversified. This growth was recorded in each jurisdiction where we operate a banking franchise, and across our Payments, Pension and Funds Management businesses.”

Group’s Total assets and shareholders’ funds closed at ₦18.6trillion and ₦3.3trillion, respectively. Capital Adequacy Ratio (CAR) remained very strong, closing at 34.9% (Bank 29.2%), and asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.5% and 4.6% % at both Bank and Group Level in H1-2026 (Bank -3.4%, Group 5.0% in FY-2025). Cost of Risk (COR) improved to 0.6% from 2.2% during the same period.

The Group’s Loan book (net) grew marginally by 0.5% from ₦3.13trillion as of December 2025 to ₦3.15trillion in June 2026, converse for improved performance on Deposit liabilities which grew by 10.3% from ₦12.87trillion to ₦14.19trillion during the same period.

Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO Plc), Mr. Segun Agbaje, said; “Our half year results speak to the strength of what we have built: a resilient franchise, a strong balance sheet and a business that no longer depends on banking alone. Fair value movements weighed on reported earnings, but the core business held firm. Interest and trading income grew, deposits strengthened, and asset quality improved at Group level. The priority now is to execute with discipline and grow responsibly. Digital is our lever for scaling across Banking, Payments, Pension and Funds Management, and for building a more diversified and resilient financial services group.”

Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios i.e., Pre-Tax Return on Equity (ROAE) of 35.9%, Pre-Tax Return on Assets (ROAA) of 6.6%, Capital Adequacy Ratio (CAR) of 34.9% (Bank: 29.2%) and Cost to Income ratio of 31.5%.

GTCO Plc is a leading financial services group with operations across Africa and the United Kingdom. Renowned   for its strong corporate governance, innovative financial solutions, and customer-centric approach, the Group provides a wide range of banking and non-banking services including payments, funds management, and pension fund administration. The Group is committed to delivering long-term value to stakeholders while driving growth and development across its markets

Continue Reading

brand

ROAD TO THE CROWN: ZENITH BANK/NBBF WOMEN’S BASKETBALL LEAGUE FINAL 8 SET FOR LAGOS

Published

on

The road to the 2026 Zenith Bank NBBF Women’s Basketball League title reaches its defining stage as the nation’s top eight teams converge on the Indoor Sports Hall of the National Stadium, Surulere, Lagos, from September 28 to October 3, 2026, for the highly anticipated national Finals.

Emerging from fiercely contested Atlantic and Savannah Conference campaigns, Nigeria Customs, AS Sky Queens, Titans, Air Warriors, MFM, First Bank, Victoria Queens,and Bayelsa Blue Whales have earned their place in the final battle for national honours.

And there is plenty to look forward to.

Last year’s champions, Dolphins Basketball Club, who lifted the trophy after defeating First Bank in the final, will not be in the mix this year after failing to make the top 4 of the Atlantic Conference, leaving the title firmly up for grabs and setting the stage for a new champion to emerge.

But the trophy will be contested by teams with plenty of championship pedigree.

First Bank, last year’s finalist and the most successful team in the history of the competition, arrives with a record nine league titles, while MFM will be looking to draw on its recent dominance after winning back-to-back championships in 2023 and 2024. With both sides among the Final 8, history, experience and ambition will collide as the battle for the crown unfolds.

It is a level of competition that reflects the growth of a league that has, for more than two decades, provided a platform for Nigeria’s best female basketball talents to emerge, compete and develop. At the heart of that journey has been Zenith Bank, the sole sponsor of the National Women’s Basketball League since 2005.

Through its partnership with the Nigeria Basketball Federation (NBBF), Zenith Bank has consistently supported the development of women’s basketball, helping to provide and sustain a competitive platform where talents can be discovered, nurtured and prepared for the highest levels of the sport.

The league has also served as an important pathway to theNational Women Basketball team, D’Tigress, with several players who have featured prominently for Nigeria emerging from the domestic competition. Beyond the national team, the league continues to contribute to youth development by giving young female athletes the opportunity to build confidence, skill, discipline, teamwork and professional sporting careers.

Now, the spotlight turns to Lagos. Which team will grab theopportunity to write a new chapter in the history of Nigerian women’s basketball?

Eight teams. One destination. One crown.

For Zenith Bank, the sponsorship of the Women’s Basketball League represents more than support for a sporting competition. It reflects the Bank’s broader commitment to creating platforms that provide opportunities, develop potential and make a meaningful difference in the lives of young Nigerians.

This commitment extends across several areas of community development, with notable initiatives including:

• The reconstruction and beautification of Ajose Adeogun Street and Roundabout
• The annual Zenith Bank Youth Parade and Light-Up Ceremony
• The construction of ICT Centres in tertiary institutions across the country, and
• The construction of the ultra-modern Iga Iduganran Primary Healthcare Centre, among others.

Through these initiatives and its longstanding support for women’s basketball, Zenith Bank continues to demonstrate that its commitment to society goes beyond banking, with a focus on creating opportunities and contributing to the development of communities and the next generation.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved