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Stanbic IBTC Bank Sort Codes Across Nigeria



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.

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
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)
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
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, with over a decade long experience in the global financial market.

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Access Bank in Talks to Acquire Cavmont Bank



Access bank

Access Bank to Acquire Cavmont Bank in Zambia

Access Bank Plc on Wednesday announced that its wholly-owned subsidiary in Zambia, Access Bank Zambia Limited (Access Bank Zambia) is in talks to acquire Cavmont Bank Limited, a subsidiary of Cavmont Capital.

According to the statement signed by Mr. Sunday Ekwochi, Company Secretary, Access Bank and released on the Nigerian Stock Exchange website on Wednesday, the ongoing discussions is to acquire 100 percent of Cavmont Capital’s interest in Cavmont Bank.

However, the lender said “there can be no certainty that a transaction will be agreed, nor as to the terms of any such agreement.

“The completion of a transaction would be subject to formal regulatory approvals. Access Bank will be updating the market as appropriate and in accordance with its disclosure obligations.”

The lender, therefore, advised shareholders to exercise caution when dealing in Access Bank’s securities.

Investors King Ltd note: This announcement further threw more lights on the recent purchases of Access Bank’s shares by Herbert Wigwe, the Chief Executive Officer and Managing Director, Access Bank.

The CEO/MD purchased 7.532 million of Access Bank‘s shares in the last one month.

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Mohammed Umar is the New Acting Chairman of EFCC




Buhari Appoints Mohammed Umar as EFCC Acting Chairman

President Muhammadu Buhari has appointed, Mohammed Umar, the director of operations at the Economic and Financial Crimes Commission (EFCC), as the new Acting Chairman of the agency, according to the NAN.

A top official of the commission confirmed to NAN that Umar has taken charge of the agency following the suspension of Ibrahim Magu, the former acting Chairman.

Ibrahim Magu was suspended by the President on Tuesday following series of allegations bordering on frauds, financial misappropriations and abuse of power.


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CBN Spends $11.5bn in Q1 2020 to Support the Economy and Dwindling Naira




CBN Injects $11.5bn Into the Economy in the First Quarter

The Central Bank of Nigeria (CBN) injected a combined $11.5 billion into the nation’s foreign exchange market to stabilise the economy and support the Naira value in the first quarter of the year.

According to the latest report from the apex bank, the central bank injected $2.96 billion into the nation’s forex market in the month of January. Another $3.39 billion was used to support the economy in February while $4.7 billion was supplied in the month of March, the very month the economy was locked and all operations grounded to curb the spread of COVID-19.

A further breakdown of the report revealed that the Investors and Exporters’ foreign exchange window, Small and Medium enterprises and Invisible segments received a total of $7.23 billion of the $11.5 billion, the Bureau De Change segment received $3.6 billion while the Interbank and WDAS/RDAS got the rest in the first quarter.

The report noted that the apex bank injected a total sum of $14.72 billion and $28.55 billion into the economy in 2018 and 2019, respectively.

Meanwhile, the central bank is yet to commence the sales of forex to the bureau de change following the March suspension.

But has commenced partial sales to all commercial banks for onward sales to parents and small businesses across the country.

Mr Isaac Okorafor, the Director, Corporate Communications, CBN, had said, “The CBN has also made complete arrangements to resume foreign exchange sales to the BDC segment of the market for business travels, personal travels and other designated retail uses, as soon as international flights resume.”

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