A financial services group in Nigeria providing banking, investment, and insurance services.
Stanbic IBTC names Chukwuma Nwokocha as Group CEO
Chukwuma Nwokocha appointed as Group Chief Executive of Stanbic IBTC Holdings Plc effective October 2, 2025. Dr. Adekunle Adedeji ends his interim tenure and continues as Executive Director/Chief Finance and Value Management Officer.
Stanbic IBTC’s fintech subsidiary Zest widens losses to ₦2 billion in 2024
Zest Payments Limited reported a ₦2 billion loss after tax for the full year 2024. The loss widened from ₦1.2 billion in 2023, indicating ongoing challenges in the fintech sector.
Stanbic IBTC to inject ₦4 billion into fintech subsidiary, Zest
Stanbic IBTC Holdings Plc is recapitalizing Zest Payments Limited with ₦4 billion. The funding represents about 3% of the total ₦148.71 billion capital raising exercise.
