Categories: Technology

Stanbic IBTC and Afreximbank Signs Agreement on ₦300BN Domestic Bond Issuance Programme.


Stanbic IBTC Holdings PLC: Stanbic IBTC and Afreximbank Signs Agreement on ₦300BN Domestic Bond Issuance Programme

Stanbic IBTC Capital Limited, a subsidiary of the Stanbic IBTC Holdings PLC, has established a ₦300 billion Domestic Bond Issuance Programme for the African Export-Import Bank (Afreximbank).

The signing ceremony which held at Eko Hotel & Suites, marked the official kick-off of the initiative.

Afreximbank, a multi-product partner of Stanbic IBTC and the Standard Bank Group, is one of Africa’s largest Developmental Finance Institutions and a seasoned issuer in the international capital markets.

The establishment of the debt issuance programme in the Nigerian capital market by Afreximbank makes it the third supranational ever to join an elite group of Nigeria’s development partners, enabling the domestic capital market. It is vital to establish the Bond Programme in local currency, considering the strong liquidity and current low yields in the domestic market.

This initiative by Afreximbank aligns with global best practice in treasury management and innovation to stay abreast of evolving market conditions. It will aid in stimulating the expansion and development of Nigeria, through the intervention in various sectors of the Nigerian economy.

The transaction was consummated in the presence of members of the Stanbic IBTC team, members of the Afreximbank Executive management team, representatives from the Nigerian Stock Exchange and FMDQ OTC Plc, amongst others.

Stanbic IBTC Capital Limited remains fully committed to developing the Nigerian capital markets and has been at the forefront of driving financial innovation and advising clients on staying ahead of changing times.

Meanwhile, Stanbic IBTC Holdings PLC will be sharing insights at the 2020 edition of the Social Media Week (SMW) in Lagos. The event is scheduled to hold at the Landmark Centre, Lagos, from Monday, February 24 to 28.

SMW Lagos, heading into its eighth year in 2020, is a conference and festival of tech and innovation, where attendees learn how to leverage technology in order to harness opportunities in diverse sectors like agriculture, technology, and entertainment.

The theme for this year’s edition of SMW is “HUMAN X” which will explore taking a human-first and experience-driven approach to innovation across industries and in our communities.

Wole Adeniyi, Executive Director, Personal and Business Banking, Stanbic IBTC Bank PLC, is scheduled to speak at the Mainstage Session on Monday, February 24, 2020, on the topic, Tech and Financial Inclusion.

He will be joined by other experts and professionals in Nigeria’s bourgeoning fintech sector. The panel will be moderated by Emmanuel Aihevba, Head, Customer Channels, Stanbic IBTC Bank PLC.

In addition, other experts from the fintech industry are expected at the event to shed light on the technological trends for 2020.

Other keynote speakers from Stanbic IBTC Bank PLC are Ayodele Ojosipe, Head, Enterprise Banking; who will be speaking on Financing the Music and Wole Oshin, Acting Head, Agribusiness, who is a panel member at the Roundtable Masterclass session titled Agri-tech Youth Empowerment. Both sessions will hold on Wednesday, February 26, 2020.

The panel session on Financing the Music will focus on supporting the entertainment industry beyond just music sponsorship to partnering with artistes.

Read: United Bank for Africa (UBA Group) wins CEO, Bank of the Year awards

The Agri-tech Youth Empowerment session will dwell on the use of emerging technologies in agriculture and how to raise youth inclusion in the agricultural sector.

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It is geared towards exposing them to the treasure trove in the agric sector, coupled with the diverse opportunities that will help build youth-led agribusinesses.

Stanbic IBTC Aims To Groom Future Business Leaders Through YLS

Stanbic IBTC Holdings Plc, has continued to make a mark in the lives of Nigerian youths by engaging and empowering them at the annual Youth Leadership Series (YLS). The event held at Yaba College of Technology, Lagos.

On Wednesday, February 12, the leading financial solutions provider organized the third edition of YLS themed “Techricuture – the evolution”. The theme fuses “Technology” and “Agriculture”, which divulges how the youths can take advantage of the enablement of technology to harness the vast opportunities yet untapped in the agricultural sector of the country.

The Stanbic IBTC YLS is a platform of engagement for the youth where business knowledge and experiences are shared.

Delivering his opening remarks, Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Bank Plc, explained the core objective of YLS, which is to educate the youth on how to explore their innate potentials to become better business leaders.

He reiterated that technology and agriculture are critical sectors that have the capability of producing the next set of millionaires in Nigeria due to the vibrancy and profitability of the two industries.

According to Dr. Sogunle, “the Stanbic IBTC youth leadership series is deliberately fashioned after our annual business leadership series which is a platform created to engage and empower emerging business owners to become leaders in their various fields.”

Sunday Dare, Minister of Youths and Sports Development, who also spoke in a similar vein, encouraged the youths to brace up and contribute positively to the development of the country.

He further assured them that the government will continue to invest in the youths and set them on the path of success.

During the panel session, Seyi and Seun Abolaji, Co-Owners of the Wilson’s Juice Company gave insights on how they started their lemonade business with little capital and how it has grown over the years.

They urged the participants to have a clear vision of their pursuits in life and urged them to never be discouraged with their humble beginning.

Other panelists were Samson Ogbole, Chief Executive Officer and Lead Trainer, Farm lab and Miss Yewande Kazeem, Founder, Wandieville Media.

Samson Ogbole advised the young entrepreneurs to identify salient issues and design solutions to solve them. “To solve issues in any business, you must first get into that space and observe.

Then you can identify the issues and design solutions to solve them through technology”, he said.

Yewande Kazeem also inspired the audience with her success story. She said, “the key thing is consistency. People will start appreciating you with time. Invest in yourself.”

Popular singer and songwriter, Sadiq Onifade, known professionally as WurlD, made a special appearance at the event.

In his closing remarks, Dele Sotubo, Chief Executive, Stanbic IBTC Asset Management Plc, advised the participants to imbibe the values and knowledge they have learnt from the conference.

Stanbic IBTC remains keen on supporting youth-centric initiatives such as the YLS, given the importance of their demography to entrepreneurship drive, economic growth and national development.


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