Stanbic Africa Holdings Ltd Extends Investment in Stanbic IBTC Holdings, Invests Additional N46 Million

Stanbic Africa Holdings Limited has once again extended its investment in Stanbic IBTC Holdings Plc, according to the latest disclosure filing released by the bank’s management and signed by Chidi Okezie, Company Secretary.

Stanbic Africa Holdings Limited, a significant shareholder in Stanbic IBTC Holdings Plc, invested an additional N46,119,918 through shares acquisition.

The company purchase 1,182,562 units of Stanbic IBTC Shares at an average price of N39.00 on Monday at the Nigerian Exchange Limited trading floor in Lagos, Nigeria.

The new investment is addition to N463,736,280.7 invested in Stanbic IBTC Holdings Plc in September.

Stanbic IBTC Holdings, commonly referred to as Stanbic IBTC, is a financial service holding company in Nigeria with subsidiaries in Banking, Stock Brokerage, Investment Advisory, Asset Management, Ventures, Investor Services, Pension Management, Trustees and life Insurance businesses.

The company’s corporate headquarters, I.B.T.C. Place is situated at Walter Carrington Crescent, Victoria Island, Lagos. Stanbic IBTC Holdings is a member of the Standard Bank Group, a financial services giant based in South Africa. Standard Bank is Africa’s largest banking group ranked by assets and earnings operations in 20 African countries and 13 countries outside Africa.