Stanbic IBTC Holdings Plc has notified investors and the Nigerian Exchange Limited (NGX) of a possible delay in the release of its 2024 full-year audited financial statements due to the ongoing regulatory approval process with the Central Bank of Nigeria (CBN).
In a statement issued on February 26, 2025, the financial institution explained that the delay stems from its need to obtain the necessary clearance from its primary regulator before making the results available to the market.
The bank assured stakeholders that it is working diligently to ensure a prompt release as soon as approval is secured.
“We are currently seeking the approval of our primary Regulator, the Central Bank of Nigeria (CBN), for the 2024 Full Year Audited Financial Statements, following which the said Financial Statements will then be released to the Market,” the company said.
While Stanbic IBTC noted that the results could still be published before or shortly after the regulatory deadline of March 31, 2025, the financial group reaffirmed its commitment to regulatory compliance and transparency in financial disclosures.
The potential delay underscores the growing influence of regulatory oversight on financial reporting timelines within Nigeria’s banking sector, where institutions are required to secure final approval from the CBN before disclosing audited figures.
Investors tracking Stanbic IBTC’s financial performance are advised to stay updated as the company navigates the regulatory process.
Market analysts will be closely monitoring developments as the March 31 deadline approaches with investor sentiment expected to be shaped by the speed at which regulatory approval is obtained.
