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Stanbic IBTC assures shareholders on sustainable growth

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As shareholders converged for its 4th annual general meeting, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has reiterated its commitment to deliver outstanding value to clients and stakeholders. The meeting held in Lagos on Tuesday March 7, 2017.

 

Approved by shareholders at the event was the 2015 financial statement of accounts. Stanbic IBTC had in a statement to The Nigerian Stock Exchange on December 21, 2016, disclosed that following the resolution of the dispute with the Financial Reporting Council of Nigeria, its 2015 audited financial statements had been signed off by the external auditors, Messrs. KPMG Professional Services and can now be made public.

 

Chief Executive, Stanbic IBTC Holdings PLC, Mr. Yinka Sanni, said despite a slowing economy, the institution remains in very sound financial shape, as attested to by Fitch Ratings, which recently reaffirmed the national ratings of both Stanbic IBTC Bank and Stanbic IBTC Holdings PLC.

 

Sanni emphasized that the institution remains on track to maintain its long-term strategic growth and profitability objectives by, prioritising asset quality through diligent and systematic approach to risk management.

 

“Our strategy of building a franchise capable of generating sustainable returns to our shareholders remains in place. Our continued investment in building a cost-efficient and customer-friendly organization, underpinned by our growing customer base, innovation and customized financial solutions should continue to ensure better earnings and indeed very positive outcomes for all stakeholders. Our customers and stakeholders are the epicentre of our existence and will remain so,” he stated.

 

During the meeting, shareholders approved a dividend as recommended by the Board of Directors, as well as re-elected retiring directors and appointed additional ones. The group, in the financial year ended December 31, 2015 posted gross earnings of N140.027 billion, up from N130.654 billion from 2014.  Profit before tax stood at N23.651 billion during the period, while profit after tax was N18.891 billion. Total assets decreased to N937.6 billion by December 2015, while customer deposits was largely flat at N493.5 billion during the same period.

 

“Our balance sheet remains strong and we believe it will get stronger in the coming years. We will continue to deliver exceptional service and value to our customers, together with profitability and growth in a sustainable manner”, Sanni said.

 

Stanbic IBTC Holdings PLC is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Stanbic IBTC belongs to the Standard Bank Group, the largest African financial institution by assets. It is rooted in Africa with strategic representation in 20 countries on the African continent. Standard Bank is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.

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Adron Homes Celebrates 14 Years of Excellence, Reaffirms Commitment to Affordable Housing and Sustainable Communities

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Adron Homes Celebrates 14 Years of Excellence, Reaffirms Commitment to Affordable Housing and Sustainable Communities

 

 

Adron Homes and Properties Limited, a leading player in Nigeria’s real estate industry, proudly celebrates its 14th Anniversary, marking over a decade of transformative impact in affordable housing delivery, sustainable community development, and structured urban growth across the country.

 

Over the last fourteen years, Adron Homes has evolved into a nationally recognised real estate powerhouse, delivering over 60 livable estates and communities across Nigeria and enabling more than 100,000 Nigerians to achieve their property ownership dreams. With strategic developments spanning Ibeju Lekki, Lekki-Epe, Badagry, Shimawa, Papalanto, Sagamu, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, Niger State, and other emerging urban corridors, the company continues to reshape access to land and housing through affordability, innovation, and long-term planning.

 

Speaking on the milestone, the Chairman/CEO of Adron Group, Aare Adetola Emmanuelking, described the anniversary as a celebration of vision, resilience, and unwavering commitment to empowering Nigerians through property ownership.

 

“Fourteen years ago, we set out with a clear vision to make property ownership accessible and achievable for every hardworking Nigerian. Today, we celebrate not only the growth of Adron Homes but the countless families whose dreams have become reality through our communities. Our journey has always been about impact, empowerment, and building environments where people can truly thrive.”

 

Highlighting the company’s philosophy of developing structured environments rather than just selling land, the Chairman emphasised Adron Homes’ focus on sustainable urban planning and community building.

 

“At Adron Homes, we build cities, not just estates. Each development reflects thoughtful planning, infrastructure, accessibility, and a long-term vision for modern living. As Nigeria continues to urbanise rapidly, our mission is to ensure that growth is inclusive, structured, and sustainable.”

 

Aare Adetola Emmanuelking also acknowledged the role of customers, staff, stakeholders, and media partners in the company’s sustained growth and national relevance.

 

“This milestone is a testament to the trust of our customers, the dedication of our workforce, and the unwavering support of our partners and stakeholders. Together, we have demonstrated that affordable housing can be delivered with quality, innovation, and integrity.”

 

Looking ahead, Adron Homes reaffirmed its commitment to expanding mass housing solutions, embracing technology-driven real estate innovations, and strengthening partnerships that contribute to Nigeria’s economic development and housing accessibility.

 

“The future of Adron Homes is defined by innovation, expansion, and deeper community impact. We remain committed to democratizing property ownership, building sustainable communities, and shaping the future of real estate in Nigeria for generations to come.”

 

As Adron Homes marks 14 years of excellence and national impact, the company continues to position itself as a catalyst for structured urban development and a trusted partner in the realization of property dreams across Nigeria.

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Adron Homes at 14: From Shimawa to Over 60 Livable Communities, Building Cities Beyond Estates

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Adron Homes at 14: From Shimawa to Over 60 Livable Communities, Building Cities Beyond Estates

 

 

Fourteen years ago, what began as a visionary real estate development effort in Shimawa, Ogun State, has evolved into one of Nigeria’s most recognizable housing success stories. Today, Adron Homes & Properties stands as a major force in structured urban development, with over 60 livable communities and estate dwellings spread across key regions of the country. Its journey reflects a deliberate mission that is not just to sell land, but to build functional cities where Nigerians can live with dignity, security, and a strong sense of community.

 

At a time when Nigeria faces rapid urbanization and an ever-growing housing deficit, Adron Homes has embraced an approach rooted in planning and affordability. From its earliest developments, the company adopted a city-building model that integrates structured layouts, accessible infrastructure, and community-focused design. Roads, drainage systems, green areas, and designated social spaces are incorporated into estate planning, transforming empty land into organized residential hubs.

 

The story of Adron’s growth mirrors Nigeria’s evolving urban landscape. Beginning in Shimawa, the company strategically expanded into major growth corridors, including Lagos, Ogun, Oyo, Osun, Ekiti, Abuja, Nasarawa, Niger, and beyond. Its estates have not only provided shelter but have also influenced the emergence of new residential districts, encouraging organized expansion and helping to reduce the challenges associated with unplanned settlements.

 

Central to the company’s success is its commitment to affordability. Through flexible payment structures and innovative housing initiatives, Adron Homes has opened the door to homeownership for thousands of Nigerians who previously considered property ownership out of reach. This democratization of housing has empowered families, strengthened communities, and supported economic growth through increased property investment and local business opportunities within estates.

 

Beyond physical structures, Adron Homes prioritizes community building. Estates are designed as living ecosystems where families interact, children grow in secure environments, and entrepreneurs find opportunities to thrive. The emphasis on social cohesion has helped transform residential spaces into vibrant neighborhoods, reinforcing the idea that housing development should nurture human connection as much as physical infrastructure.

 

As Nigeria continues to urbanize, Adron Homes’ model demonstrates that real estate development can be both commercially viable and socially impactful. Its projects serve as reference points for emerging residential corridors, attracting further investment and setting standards for organized development across multiple regions.

 

Celebrating fourteen years of growth and innovation, Adron Homes remains committed to shaping Nigeria’s urban future through sustainable planning, inclusive housing solutions, and community-driven development. From its humble beginnings in Shimawa to a nationwide network of livable communities, the company’s journey stands as a testament to the power of vision, resilience, and a steadfast belief that cities are built not just with structures, but with people at their heart.

 

Adron Homes at 14: From Shimawa to Over 60 Livable Communities, Building Cities Beyond Estates

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14 Years of Democratizing Landownership: How Adron Homes Is Redefining Mass Housing in Nigeria

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14 Years of Democratizing Landownership: How Adron Homes Is Redefining Mass Housing in Nigeria

 

 

For decades, homeownership in Nigeria remained an elusive dream for millions, restricted by rising rents, unstable housing markets, and mortgage systems beyond the reach of the average citizen. Fourteen years ago, Adron Homes and Properties Limited set out to challenge this reality with a bold and disruptive vision: to make land and homeownership affordable, accessible, and achievable for everyday Nigerians.

 

Founded on the principle that housing should be a right and not a privilege, Adron Homes has steadily emerged as one of Nigeria’s most influential mass housing developers. At the heart of its success is an affordability-driven model that prioritizes inclusion without compromising quality. Through flexible payment plans, low initial deposits, and extended installment options, the company has broken long-standing financial barriers that once excluded civil servants, young professionals, artisans, traders, and Nigerians in the diaspora from owning property.

 

Fourteen years on, this vision has translated into tangible impact across over 60 estates nationwide, strategically located in major and emerging growth corridors including Ibeju-Lekki, Lekki–Epe, Badagry, Shimawa, Papalanto, Sagamu, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger State. Each estate represents more than infrastructure, it reflects Adron Homes’ commitment to decentralizing development and expanding access to property ownership beyond traditional urban centers.

 

Through this mass housing initiative, thousands of Nigerians have successfully transitioned from tenants to landlords, many achieving property ownership for the first time. Unlike conventional real estate models that emphasize exclusivity and luxury, Adron Homes has consistently aligned its offerings with the real income realities of the Nigerian population, ensuring that housing solutions remain practical, inclusive, and sustainable.

 

Beyond affordability, trust has remained a defining pillar of the Adron Homes brand. The company places strong emphasis on secure land titles, transparent documentation, and regulatory compliance, protecting subscribers from land disputes and fraudulent transactions. This focus on integrity has strengthened customer confidence and positioned Adron Homes as a dependable gateway to long-term wealth creation through real estate.

 

As Adron Homes marks its 14th anniversary, its mass housing journey stands as more than a corporate achievement but a national intervention. By restoring dignity, promoting financial security, and transforming thousands of property ownership dreams into reality, Adron Homes continues to play a vital role in shaping Nigeria’s housing landscape and building a future where more citizens can truly call a place their own.

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