Business
Stanbic IBTC Reports 68% Profit Surge in 2025
Stanbic IBTC 2025 profit jumps 68% to N381bn on strong fee, trading, and lending revenues, delivering robust shareholder returns
Stanbic IBTC Holdings Plc has reported a robust financial performance for the year ended 31 December 2025, posting a group profit of N381 billion, up 68 per cent from N225.3 billion recorded in 2024.
Also read: Stanbic IBTC Launches DiSEP 5.0 to Empower Nigerian Youths
The bank’s annual statement of profit or loss showed total income rose to N896 billion, a 38 per cent increase from N647 billion the previous year.
Fee and commission revenue climbed to N230.2 billion, up 35 per cent from N170.4 billion in 2024, while trading revenue rose 33 per cent to N77 billion.
Net interest income also saw substantial growth, reaching N585 billion, a 43 per cent increase from N410.5 billion, reflecting strong lending activities and improved asset quality.
Operating expenses grew to N330 billion, up 35 per cent from N244 billion, mainly due to higher staff costs and administrative expenses.
For the fourth quarter alone, Stanbic IBTC posted a profit of N101.2 billion, a remarkable 652 per cent increase from N13.4 billion in Q4 2024.
Basic earnings per share rose to 2,368 kobo from 1,710 kobo, highlighting strong returns for shareholders.
Also read: Stanbic IBTC backs inspiring art installation at ART X Lagos
The bank attributed its performance to diversified revenue streams, improved asset management, and strategic cost control, signalling resilience amid Nigeria’s challenging macroeconomic environment.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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