Stanbic IBTC post a rise in full-year earnings
12 March 2019 | 5:25 am
Stanbic IBTC Holdings, a member of the Standard Bank group recorded a 4.7 per cent rise in their full-year gross earnings to N222.4 billion naira while profit after tax climbed 53.7 per cent year on year.
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According to sources quoted by Reuters, 9mobile formerly known as Etisalat Nigeria has appointed Citigroup and South Africa’s Standard Bank to manage the sale process for a stake in the telecoms company.
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Stanbic IBTC Holdings recorded a 78.6 percent rise in half-year Profit after Tax to 43.1 billion naira. Yinka Sanni, Chief Executive Officer of Stanbic IBTC Holdings joins CNBC Africa to break down the numbers.
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