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BREAKING: Stanbic IBTC Crosses N100 Mark in Midday Trade, Becomes Nigeria’s Second Bank to Do So

Stanbic IBTC Holdings Plc crossed the N100 mark in midday trading on Tuesday, July 29, 2025, hitting N101 per share on the Nigerian Exchange (NGX). This milestone makes it the second banking stock, after GTCO, to breach the N100 barrier under the NGX Banking Index.

The stock has gained over 18% so far in July, buoyed by renewed investor confidence and a wider 23% rally across Nigeria’s banking sector this month.

Analysts attribute Stanbic’s surge to its solid fundamentals, including its strong Q1 2025 performance, where it posted a pre-tax profit of N116.4 billion — an 85.6% jump compared to the same period in 2024.

The bank’s positive sentiment was further boosted by a N3 final dividend per 50 kobo share, approved and disbursed in May, as well as a recent CNY800 million (approx. N172 billion) loan agreement with China Development Bank aimed at enhancing Africa-China trade relations.

With a year-to-date return exceeding 74% and July’s trading volume reaching 180 million shares, Stanbic IBTC is solidifying its position as one of the market’s standout performers in 2025.

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