• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Stanbic IBTC Pension Says GCR Ratings Demonstrates Commitment  

by Olushola Bello
2 years ago
in Business
Stanbic
Share on WhatsAppShare on FacebookShare on XTelegram

Stanbic IBTC Pension Managers Limited, having received an Initial Management Quality Rating of MQ2(NG)(mq) with a Stable Outlook from Global Credit Ratings (GCR), said, the gesture demonstrated the company’s commitment to excellence in all aspects of its operations.

Advertisement

GCR , a the rating agency, gained expertise in assessing the creditworthiness of financial institutions, corporates and government entities, and had established itself as a leading rating agency in Africa.

GCR adopted a Management Quality (MQ) rating system that ranked from the highest rating of ‘MQ1’ to the lowest rating of ‘MQ5’. These ratings served as indicators of an entity’s organisational structure, risk management capabilities, and operational controls.

The MQ2 rating assigned to Stanbic IBTC Pension Managers was an indicator of the institution’s strong management team with robust organisational structures, adequate controls, and sound risk management practices. It also accentuated the company’s clear strategy and solid financial position.

Chairman of Stanbic IBTC Pension Managers, Dr. Demola Sogunle, stated that, it was evidence of the company’s dedication to achieving excellence in all areas of its operations.

RELATED

Mobile Phone Subscribers Shrink 30% As SIM-NIN Policy Takes Effect

SIM Swap, Registration Temporarily Halted As Telcos Migrate To New NIMC System

3 hours ago
Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

10 hours ago

“We are very delighted to have received this rating from GCR, which recognizes our concrete efforts to maintain the highest standards of corporate governance, risk management, and financial performance,” Demola said.

Demola noted that, the rating would boost confidence among Stanbic IBTC Pension Managers’ clients and stakeholders and would affirm the company’s dynamic capability to manage risks and deliver on its commitments.

Chief executive, Stanbic IBTC Pension Managers, Olumide Oyetan, attributed the rating and success of the organisation to its commitment to better serve customers without compromising operational excellence.

He said: “we are a member of the Standard Bank Group, Africa’s largest banking groups by assets, totalling $170 billion, as of December 31, 2022. This feat has enabled us to leverage the Group’s resources for our portfolio management functions.

“Our sister company, Stanbic IBTC Bank, is also the only AAA-rated Bank in Nigeria today, lending further credence to the Group’s strength and stamina, especially in its leadership and governance structures.

“We deliver pension fund administration and management services to over 1.9 million private and public sector Retirement Savings Accounts (RSA) holders under the Contributory Pension Scheme) through our extensive network of 29 branches and ten service centres nationwide.”

Oyetan said, the organisation also managed defined benefit plans for large corporates and provided value-added services, including retirement planning advice and personal financial planning.

He described Stanbic IBTC Pension Managers as an organisation equipped with a stable and experienced management team with sound management experience to keep the organisation ahead of the pack in its operations and practices.

The chief executive of the PFA noted that, the company maintained an adequate operational risk management framework, saying, “we manage cyber, and data privacy risks using internal controls reviewed annually by independent third parties to reassure all our stakeholders of our commitment to doing business correctly and safely.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

UK Makes Case For Sustained Investment In Fossil Fuels

Next Post

LCCI Sees Huge Investment In Downstream Sector With Dangote Refinery

Olushola Bello

Olushola Bello

You May Like

Mobile Phone Subscribers Shrink 30% As SIM-NIN Policy Takes Effect
Business

SIM Swap, Registration Temporarily Halted As Telcos Migrate To New NIMC System

2025/07/02
Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director
Business

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

2025/07/01
FUEL CRISIS…Hold Marketers Responsible For Long Queues – Dangote
Business

Dangote Refinery Slashes Petrol Price To N840

2025/07/01
Carloha Nigeria Supports Lifemate’s Anniversary With New Vehicle
Business

Carloha Nigeria Supports Lifemate’s Anniversary With New Vehicle

2025/07/01
Kiss918 Table Games: A Chill Malaysian Guide To Winning Big
Business

Kiss918 Table Games: A Chill Malaysian Guide To Winning Big

2025/07/01
External Reserves Decline $3.5bn In 6 Months
Business

External Reserves Decline $3.5bn In 6 Months

2025/07/01
Leadership Conference advertisement

LATEST

Demolition: Property Owners Beg Gov Nwifuru To Adjust Size Of Road To Reduce Destruction

We Are Determined To Empower African Youths Through Digital Marketing, Product Design Skills – Omobobola

MTN, Womenovate, Others Champion Inclusion Of Nigerian Girls In STEM

Experts Urge Targeted Messaging To Improve Family Planning Uptake In Nigeria

Amankanu Community In Enugu Cries Out Over Prolonged Chieftaincy Crisis

Governors’ Wives Declare Cancer Fight A National Mission

Excess Salt Intake: What Nigerians Need To Know

Ministry Engages Stakeholders, Citizens For Grassroots Development

Federal Gov’t Approves Disbursement Of N65bn To Health Facilities

Needed: Synergy Among Security Agencies

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.