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Stanbic IBTC Bank Sort Codes Across Nigeria

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Stanbic IBTC Bank
  • Sort Codes of Stanbic IBTC Bank in Nigeria

A Sort Code identifies both the bank and the branch where an account is domiciled. A sort code is a 9-digit number with the first 3 digits identifying the bank’s code, while the next digit represents the location and the last 5 digits tell the branch.

Below is the complete list of Stanbic IBTC Bank sort codes and branches across Nigeria.

S/N SORT CODES  BRANCH
1 221150014 IDEJO
2 221150027 ALLEN AVENUE
3 221150030 NNAMDI AZIKIWE
4 221150043 OFFIN ROAD
5 221150072 AWOLOWO ROAD
6 221150108 MARTINS STREET
7 221150124 APAPA
8 221150137 ADETOKUNBO ADEMOLA
9 221150218 MUR. MOHAMMED AIRPORT
10 221150221 TINCAN
11 221150234 NPA ACCOUNT BLOCK
12 221150289 TRADE FAIR
13 221150302 ALAUSA
14 221150357 MURI OKUNOLA
15 221150360 IKEJA 3 (OBA AKRAN AVENUE)
16 221150386 BALOGUN BUSSINESS ASS.
17 221150399 IDUMAGBO AV.
18 221150182 ALABA
19 221150111 SURULERE
20 221180149 AKURE
21 221190168 IBADAN (GBAGI)
22 221190265 IWO ROAD
23 221290372 ILE IFE
24 221190401 IBADAN MAIN
25 221170418 ABEOKUTA
26 221040496 BENIN CITY
27 221230057 ABA
28 221230293 ABA MARKET
29 221210080 PORT HARCOURT
30 221210271 PORT HARCOURT AIRPORT
31 221020173 ONITSHA
32 221240241 WARRI
33 221010345 UYO
34 221100446 OWERRI
35 221070424 CALABAR
36 221250503 ENUGU
37 221120060 KANO
38 221110096 KADUNA
39 221080155 ABUJA GARKI
40 221080252  ABUJA MAIN
41 221110193 ZARIA
42 221050318 MAKURDI
43 221200320 JOS
44 221060337 MAIDUGURI
45 221140435 ILORIN
46 221220452 SOKOTO
47 221030480 BAUCHI
48 221090514 YOLA
49 221130461 KATSINA
50 221160473 MINNA
51 221159522 HEAD OFFICE
52 221150551 AFRIBANK ST
53 221080579 ABUJA III
54 221150593 TOYIN ST
55 221150629 APAPA II
56 221210637 PH OLU-OBASANJO
57 221150645 LAGOS
58 221120659 KANO
59 221080663 ABUJA
60 221210679 PORT HARCOURT
61 221150687 IKEJA
62 221150690 IKOTA

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Finance

FG Borrows N2.36 Trillion from Capital Market in 2020

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President Buhari

FG Borrows N2.36 Trillion from Capital Market in 2020

Mr. Oscar Onyema, the Chief Executive Officer, Nigerian Stock Exchange, said the Federal Government borrowed N2.36 trillion from the nation’s capital market in 2020.

The CEO disclosed this at the 2020 market recap/2021 outlook held on Tuesday.

He said the Federal Government issuances account for 92 percent of the total bond issued in the market in the year.

Onyema further explained that corporate organisations leveraged on low yield environment to expand and embark on debt refinancing, raising a total of N192 billion,

Capital-raising activities in the fixed income market increased significantly in 2020. The NSE’s bond market capitalisation rose by 35.52 per cent from N12.92tn in 2019 to N17.50tn,” he said.

Onyema noted that “The year 2020 was indeed a historic one for global capital markets. Facing buffeting headwinds, world markets saw sharp swings and steep losses, but largely remained resilient and orderly amid rising uncertainty.

“For The Exchange, renewed investor optimism coupled with improved economic conditions and low fixed income yields, propelled a year end bull run. Of 93 global equity indices tracked by Bloomberg, the NSE All Share Index emerged the best-performing index in the world, surpassing the S&P 500 (+16.26 per cent), Dow Jones Industrial Index (+7.25 per cent) and other global and African market indexes, to post a one-year return of +50.03 per cent.

Speaking on product results for the year, the CEO said, “The Nigerian equities market got off to a strong start in 2020, returning 10.4 per cent by the eighth trading session. By October, the equities market entered a much-awaited bull run.

“Buoyed by the formal declaration of the US president-elect, unattractive fixed income yields and better-than-expected corporate earnings, the NSE ASI recovered from Q1’20, to close the year at 40,270.72 (+50.03 per cent) and erase losses of -14.90 per cent recorded in 2019.

“During its remarkable year end run, the ASI gained 6.23 per cent in a single trading session which triggered a 30-minute halt of trading on all stocks for the first time since the NSE Circuit Breaker was introduced in 2016 to safeguard market integrity in periods of extraordinary volatility.

“At the close of the year, the NSE’s equity market capitalisation was up by 62.42 per cent, from N12.97tn in 2019 to N21.06tn in 2020 while market turnover saw an uptick of 7.25 per cent, from N0.96tn in 2019 to N1.03Tn in 2020.

“Although Initial Public Offering activity was mute, the value of supplementary issues increased dramatically from 2019, rising by 851.37 per cent to N1.42tn, from N148.77bn.

“Also noteworthy is that for the second consecutive year, equity market transactions were dominated by domestic investors who accounted for 65.28 per cent of market turnover by value (retail: 44.98 per cent; institutional: 55.02 per cent) while foreign portfolio investors accounted for 34.72 per cent.”

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Finance

Airtel to Announce Financial Results for Nine Months Ended December 31, 2020 on 29 January 2021

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Airtel Financial Results

Airtel to Announce Financial Results for Nine Months Ended December 31, 2020 on 29 January 2021

Airtel Africa, one of the leading telecommunications companies in Africa, on Wednesday announced it will report its financial statements for the nine months ended December 31, 2020 on January 29, 2021.

The telecom giant disclosed in a statement signed by Simon O’Hara, Group Company Secretary.

The statement reads “Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, will announce its results for the nine months to 31 December 2020 on 29 January 2021.

“Management will host a conference call on the day of results for analysts and investors at 2:00pm GMT.

“Participants are requested to pre-register for the call by navigating to:
www.diamondpass.net/4467631

“Once registered, participants will receive a calendar invitation with the dial in details for the call.”

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Finance

Global Credit Rating Affirms Sovereign Trust Insurance A Rating

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insurance

Global Credit Rating Affirms Sovereign Trust Insurance A Rating

Global Credit Rating, an international rating agency based in South Africa, has affirmed Sovereign Trust Insurance Plc A rating in its latest report released for the month of December 2020.

In a statement released through the Nigerian Stock Exchange (NSE), Global Credit Rating noted “that the Company has shown a great deal of consistency in her claims paying obligations to her numerous customers spread all over the country.

The Report further stated that “the listing of the Rights Issue in 2019 helped in increasing the Shareholders’ funds of the Company by 33.8%, to N7.8b by the end of the Financial year in 2019 as against the figure of N5.8b in 2018.

“Subsequently, by the third quarter of 2020, the Shareholders’ funds had increased to N8.2b which also translated to a 31% increase in the corresponding period of 2019 with a figure of N6.3b. In the Rating Agency’s opinion, Sovereign Trust Insurance Plc is strong in liquidity with more than adequate claims coverage that compares well to industry averages.

“The capital adequacy of the Underwriting Firm is considered strong according to the rating report and this is underpinned by the sizeable capital base catering for the quantum of insurance and market risks assumed. In this regard, the ratio of Shareholders’ funds to NEP, (Net Earned Premium) improved to 189.2% in the Q3 of 2020 as against 130.9% in the corresponding quarter of 2019.

In terms of peer-to-peer performance comparison, “Sovereign Trust Insurance Plc did very well when compared with other selected insurers in terms of Capital, Total Assets, Gross Premium Income (GPI) and Net Premium Income (NPI).”

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