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Nigeria’s private sector rebounds as Stanbic IBTC Bank PMI climbs to 53.2

Business Pointer Admin8 months ago8 months ago06 mins

Nigeria’s private sector rebounded into expansion in February, as the Purchasing Managers’ Index (PMI) compiled by S&P Global for Stanbic IBTC Bank rose to 53.2 from 49.7 in January, signalling a renewed improvement in business conditions after a brief contraction at the start of the year. The latest PMI reading, released on Monday and endorsed…

Stanbic IBTC reports N552bn Pre-Tax Profit, Posts 81.6 percent growth in 2025

Business Pointer Admin9 months ago9 months ago03 mins

Adeyemi David Stanbic IBTC Holdings Plc has announced its unaudited financial results for the year ended December 31, 2025, recording a pre-tax profit of N552 billion, an impressive 81.6 pet cent increase from N303.8 billion in 2024. The robust performance was driven by higher interest income, boosted by increased loan volumes, rising interest rates, and…