stanbic ibtc.webp
The Digest:

Stanbic IBTC Holdings PLC has appointed Mr. Chukwuma Nwokocha as its substantive Group Chief Executive, effective October 2, 2025, following regulatory approval and a successful tenure by the outgoing acting CEO.

Key Points:
  • Mr. Nwokocha's appointment follows Dr. Adekunle Adedeji's term as Acting Chief Executive.
  • Dr. Adedeji will remain as Executive Director and Chief Finance and Value Management Officer.
  • The Board cited Nwokocha's strong record in governance and strategic transformation.
  • Under the interim leadership, the Group achieved its best financial performance since inception.
  • The company's H1 2025 results show a 65.8% surge in profit before tax to N243.74 billion.
  • Total assets grew to N8.12 trillion as of June 30, 2025, up from N6.91 trillion in December 2024.
  • The group also completed a rights issue to meet CBN recapitalization requirements.
This leadership transition consolidates a period of remarkable financial success and positions the group for sustained growth in a dynamic economic landscape. Rooted in the Storm.

Sources: The PUNCH

Tags: Stanbic IBTC, Chukwuma Nwokocha,