Connect with us

news

Stanbic IBTC Bank leads in cash management and trade finance 

Published

on

Stanbic IBTC Bank PLC, has emerged winner of the Gold Prize at the 2017 edition of Deutsche Bank Awards for Excellence in Cash Management and Trade Finance in Nigeria. This is the second time the bank is being awarded as the top performer in this category. The category tagged Straight-Through Processing (STP) Excellence Award has been a feature of Nigeria’s financial markets over the last seven years. Stanbic IBTC Bank also won Gold in 2015, Bronze in 2014 and Silver in 2016 editions.

 

The 2017 USD Straight-Through Processing (STP) Excellence Award, according to Deutsche Bank, recognizes institutions delivering outstanding quality in payment efficiency. The nominated banks successfully implemented an STP rate of over 99 percent throughout 2017, serving to greatly reduce the administrative impact of payment processing, increasing efficiency and ensuring strict compliance with globally recognized payment standards.

 

The 2017 award was presented to the bank on May 16 at a gala dinner at the Wheatbaker Hotel, Ikoyi, Lagos. Speaking at the event, Head of Deutsche Bank’s Representative Office in Nigeria, Andreas Voss, said the Awards for Excellence in Cash Management and Trade Finance in Nigeria was introduced as a demonstration of the institution’s commitment to the development of Nigerian businesses and to support continued development of the West African financial markets.

 

The award, according to Deutsche Bank, is in recognition of Stanbic IBTC Bank’s consistent improvements in the quality of both commercial and treasury payments. “This is a solid demonstration of commitment, passion and sheer hardwork from all your staff who have sustained this effort consistently,” stated Deputy Country Head, Deutsche Bank AG, Mrs. Adeola Azeez.

 

The STP or Error-free processing award is given by Deutsche Bank annually to institutional and corporate clients with whom the bank cooperates at an international level and who have achieved a specific level of operating excellence in the area of payments in US Dollars.

 

Chief Executive, Stanbic IBTC Bank PLC, Dr. Demola Sogunle, said the award is particularly uplifting as it is the third time Stanbic IBTC Bank will be so recognized. “We are especially pleased to receive this recognition for our efforts. It is a further confirmation of our capacity to provide the highest level of service to our clients, focusing on continuously improving our systems, processes and solutions in order to surpass client expectations. Stanbic IBTC will continue to deliver exceptional performances across all segments of the business. Thanks must go to all our clients and staff who made this possible,” he said.

 

As a member of the Standard Bank Group, Africa’s largest bank by assets and earnings, Sogunle said Stanbic IBTC will continue to leverage on the 155-year experience, expertise and strong financial clout to deliver superior sustainable shareholder value by meeting the needs of its clientele.

 

Stanbic IBTC Bank and other winners in this category were presented the awards by Mr. Ulf-Peter Noetzel, Managing Director & Global Head of Trade Finance Financial Institutions (TFFI), who came in from Frankfurt, Germany, for this special event.

 

Stanbic IBTC Bank PLC is a subsidiary of Stanbic IBTC Holdings PLC, a member of Standard Bank Group, 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. Standard Bank Group is the largest African bank by assets and earnings. It is rooted in Africa with strategic representation in 20 countries on the African continent. Standard Bank has been in operation for over 155 years and is focused on building first-class, on-the-ground financial services organizations in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other, applying sector expertise, particularly in natural resources, power and infrastructure.

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

news

Dr. Abigail Olagbaye Announces Her Candidacy for ATPN Presidency

Published

on

Dr. Abigail Adesina  Olagbaye, CEO Desigo Tourism Development and Facility Management Company Ltd and founder, Sayari Dunia Sustainable Tourism Foundation, a seasoned tourism practitioner with 23 years of experience (out of which 21 years have been in Tourism), has announced her candidacy for President of the Association of Tourism Practitioners of Nigeria (ATPN), the oldest and premier tourism trade Association in Nigeria.

With a proven track record of driving innovation and sustainable growth, Dr. Olagbaye is poised to transform Nigeria’s tourism landscape.

” Her vision is to re-position ATPN as the leading voice for Nigeria’s tourism development,” Dr. Olagbaye stated. “I’m committed to empowering our members with the training, resources, and networking opportunities they need to excel in their careers and elevate industry standards.”

Dr. Olagbaye’s campaign focuses on five key objectives:

– Strengthening Industry Partnerships: Fostering collaborations and alliances  that drive growth and development.

– Capacity Building: Providing training,  resources and opportunities to enhance professionalism.

– Advocacy: Amplifying the voice of tourism practitioners in Nigeria and beyond.

– Tourism Promotion: Showcasing Nigeria’s hidden gems both domestically and internationally.

– Improved Member Benefits: Enhancing the overall experience for ATPN members.

Additional initiatives to consider include:

– Faith-based International Conference Tourism: Tapping into the MICE potential of faith-based tourism.

– Medical Tourism: Promoting Nigeria as a hub for medical excellence.

– Sports Tourism: Leveraging sports to drive tourism growth.

– Language Training: Enhancing language skills to improve tourist experiences.

 

– Youth Tourism: creating opportunities for youths to be actively engaged in Tourism leveraging their potentials, talents and energies and enabling them to benefit from the socio-economic opportunities that tourism offers.

 

– Agro Tourism:  Develop agro-tourism as a sub-sector of Tourism through partnerships and collaboration with the ministry of agriculture to ensure regulatory support, international organisations for cross pollination of ideas and knowledge transfer and capacity building, encourage our members to organise more farm stays, rural tours, food tourism events for more authentic experiences. Advocate for infrastructural development for rural roads and other amenities. Collaborate with locals for sustainability and inclusion.

To further enhance Nigeria’s tourism industry, Dr. Olagbaye plans to create robust social media platforms for the association. This will enable people at home and abroad to access tourism companies in Nigeria with international standard websites and social media focusing on major sites.Social media being an essential tool for promoting tourism.

As the pioneer of initiatives like Africa Tourism Climate Action Forum ATCAF and Africa Tourism Day, a nouveaux initiative in Africa which she started in 2020 in collaboration with the African Tourism Board, now in its 5th edition, Dr. Olagbaye has demonstrated her passion for sustainable tourism practices and her ability to drive meaningful change. “I invite fellow tourism practitioners to join me in transforming Nigeria’s tourism landscape,” she concluded.

Get in touch with Dr. Abigail Olagbaye:

Email: [email protected]
Phone: +2349122525250
Social Media: @abbieolagbaye
@abigailolagbaye
@Dr. Abigail Olagbaye
(Twitter, Instagram, Facebook, LinkedIn)

*Campaign Slogan:* “Transforming Tourism, Empowering Practitioners”.

 

Continue Reading

news

The Next Chapter of Amen City: Sade Balogun talks about TIARA Estates & Amen Phase 3 in Lagos, Nigeria

Published

on

 

In a move that underscores her commitment to excellence, Sade Balogun, the mastermind behind Redbrick Homes International Limited and Amen City Ltd, has introduced TIARA Estates and Amen Estate Phase 3, expanding the renowned Amen City in a big way!


Situated in the picturesque Ibeju-Lekki area, Amen City has become synonymous with luxury and elegance. The launch of TIARA and TIARA 2.0 by Amen City Ltd soon after Amen Estate Phase 3 is set to elevate this community to new heights.
With its refined homes and superior amenities, the TIARA series embodies royalty and opulence. Amen Phase 3 enhances the living experience with modern architecture and top-tier facilities.


A nearby hospital at Amen Estate Phase 2 offers swift healthcare access, contributing to residents’ peace of mind. This proximity to medical facilities is especially important in emergencies, ensuring that help is always close by.
A large supermarket within the estate provides convenience for everyday shopping, eliminating the need for long trips to distant markets. The presence of excellent schools nearby ensures quality education for children, making it an ideal location for families. The coastal road that reduces travel time to Victoria Island to under 40 minutes makes Amen City a practical choice for professionals who need to commute to the city.
The estate 24-hour light supply from a dedicated turbine engine ensures uninterrupted power, which is a significant benefit for those seeking reliable energy solutions.

Sade Balogun’s innovative vision has transformed Amen City into a model of luxury living and community development. This expansion marks another milestone in her illustrious career, reinforcing Amen City’s status as a premier investment destination. With her ability to foresee market trends and deliver projects that exceed expectations, Sade Balogun continues to set new standards in Nigerian real estate.

Continue Reading

news

In Search of Justice: Alhaja Enitanwa Muibat Lanre Shittu’s Plea for Recognition and Dignity

Published

on

In a world where the bonds of love and faith should transcend earthly judgments, Alhaja Enitanwa Muibat Lanre Shittu finds herself battling not only for justice but for the affirmation of her dignity and place within her late husband’s legacy.

Alhaja Enitanwa, the widow of renowned business mogul Lanre Shittu, faces an overwhelming injustice as she appeals a ruling by the Ifako Ijaiye Customary Court. This court dismissed her case by claiming it lacked the jurisdiction to do so.

This judgment, for Alhaja Enitanwa, represents a painful contradiction. The Ifako Ijaiye Customary Court had been specially designated to hear cases rooted in Islamic law—a foundation of faith and tradition that defined her marriage to her beloved husband. How, then, can this same court deny its duty to preside over the case she brings forward, a case so deeply tied to her faith and rightful place within her family?

At the heart of her appeal is a plea for recognition, not only for herself but for every Muslim woman whose rights are meant to be upheld by the legal protections guaranteed under the 1999 Constitution. Her counsel, Barrister Kayode Ademiluyi, stresses that this Constitution embraces Sharia law as a personal and protected path for Muslims, enshrining the rights of individuals like Alhaja Enitanwa to have their marital bonds honored by the law.

The Customary Court Law of Lagos State further cements these rights. By law, designated courts are empowered to adjudicate in matters of Islamic law—marriage, divorce, and family bonds. Yet, for reasons unknown, the Ifako Ijaiye Customary Court has chosen to ignore this mandate, casting aside the deeply personal matter Alhaja Enitanwa brought to its doors.

She seeks more than validation; she seeks justice. For Alhaja Enitanwa, this appeal is an urgent call for the court to correct a decision that, in its oversight, has left her in limbo, questioning the very foundations of her marriage and her place within a family she holds dear.

Her appeal will journey through the Customary Court of Appeal, a court of immense authority, with the power to oversee customary law matters. Here, the court will have the solemn duty to interpret her case in the spirit of fairness, upholding the principles of religious and personal freedoms granted under Nigerian law. Alhaja Enitanwa’s case is not just about her suffering but about restoring the dignity of every Muslim woman who looks to the law to honour her faith and protect her rights.

Let us remember that at the heart of this case lies a woman—a mother, a widow—whose only desire is to protect the bond she shared with her late husband and to honour the life they built together under Islamic law. Alhaja Enitanwa’s struggle resonates far beyond her plight; it is a struggle for justice, for the rights of Muslim women, and for the values enshrined in the law.

 

Continue Reading

Cover Of The Week

Trending