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NIRSAL, Stanbic IBTC enter N50bn agricultural partnership

By Channels
16 September 2017   |   2:00 pm
NIRSAL, Stanbic IBTC enter N50bn agricultural partnership.

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16 Sep 2017
NIRSAL, Stanbic IBTC enter N50bn agricultural partnership.
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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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Stanbic IBTC says April PMI came in at 55.5 percent showing signs that the recent soft patch in the Nigerian private sector may have come to an end in April as business conditions improved to the greatest extent since late last year. Gbolahan Taiwo, Regional Economist for West Africa at Stanbic IBTC joins CNBC Africa to discuss the details.
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Stanbic IBTC was one of the financial advisers in the listing by introduction MTN Nigeria on the Nigerian Stock Exchange. Funso Akere, Chief Executive at Stanbic IBTC Capital joined CNBC Africa’s Esther Awoniyi on the floor of the exchange to share some insight on the process.
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Nigeria’s headline Purchasing Managers Index for the month of May came in at 52.9 points below the previous month's reading of 55.5 although the rate of output price inflation softened in the period. This is according to Stanbic IBTC's PMI report. Gbolahan Taiwo, Regional Economist for West Africa at Stanbic IBTC joins CNBC Africa for this discussion.
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As the half-year earnings season continues – to assess the performance of some banks in Ghana, Ola Alassan, West African Bank (WAB) Analyst at Stanbic IBTC joins CNBC Africa for more.
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Stanbic IBTC Holdings' gross earnings rose by 2.8 per cent in the first half of the year. However, its profit before tax decreased by 11.99 per cent for the period ended 30 June 2019. To discuss the facts behind the numbers, Adekunle Adedeji, Chief Financial Officer of Stanbic IBTC Bank joins CNBC Africa for more.