A financial services group in Nigeria offering banking, investment, and insurance services.
Stanbic’s Zest turns profitable with ₦543 million Q3 gain
Zest reported a profit after tax of ₦543 million in Q3 2025, its first profitable quarter since launch. The fintech's loss after tax in Q3 2024 was ₦1.89 billion, showcasing a significant turnaround.
Exclusive: Zest payments paid CBN ₦2.7 million over delayed 2023 audited financial report
Zest Payments was fined ₦2.7 million for failing to submit its 2023 audited financial statements on time. The fine was disclosed in Stanbic IBTC Holdings’ half-year report, indicating growing compliance strain.
Stanbic’s fintech arm grows income 14-fold, but remains unprofitable
Zest's income grew fourteenfold to ₦874 million in H1 2025 from ₦61 million in the previous year. The company's loss after tax fell to ₦389 million, down 58.84% from ₦945 million in H1 2024.
Sterling Bank seeks shareholders nod for $400 million raise
Sterling Bank Plc plans to raise $400 million to meet regulatory capital requirements. The bank will present its fundraising plan at the upcoming Annual General Meeting.
Stanbic IBTC will seek shareholders’ approval to raise ₦550bn
Stanbic IBTC Holdings plans to raise ₦550 billion through the sale of bonds and a rights issue. The banking subsidiary of Stanbic IBTC Holdings, a Tier 2 bank with a capital requirement of ₦200 billion, aims to issue debt securities worth ₦400 billion and an additional ₦150 billion through a rights
