• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 3, 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 Provides Financial Solution To African Importers

by ADEJUMOKE ADEESO 
2 years ago
in Business
stanbic
Share on WhatsAppShare on FacebookShare on XTelegram

Stanbic IBTC Bank has provided a cross-border payment system called the Africa China Agent Proposition (ACAP), which is tailored at providing world-class financial solutions to African importers who transact with China exporters.

Advertisement

According to a statement, the bank said the payment system makes available exclusive access to approved trade agents responsible for linking African businesses to numerous suppliers and manufacturers across China. The appointed agent provides access to over 10,000 Chinese suppliers and assesses suppliers, to ensure that their products meet global standards.

Stanbic noted that ACAP offers a broad ecosystem of services, solutions, and support, which equips African businesses to leverage trade as well as growth opportunities and ultimately drive Africa’s economic growth

The statement explained that Stanbic IBTC Bank’s unique intra-African trade products enabled settlements of international transactions while preventing payment risks associated with the international trade business. This was in addition to providing regional solutions such as the issuance of payment guarantees to exporters without the need for a letter of credit and its related costs to the importer.

Stanbic IBTC also urge business owners to join it’s Trade Club, saying it provides relevant tips, useful information regarding business models, accounting, marketing, and legal aspects that enable businesses to achieve set goals and also the right tools to build up business.

RELATED

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

4 hours ago
FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

8 hours ago

According to the statement, “Similarly, through Stanbic IBTC’s Trade Club solution, there is access to unlimited opportunities for business owners to meet and trade with suppliers anywhere in the world. The Stanbic IBTC Trade Club solution provides financing solutions for domestic or cross-border trade activities. It also provides good exposure for business owners to trade with manufacturers and suppliers worldwide, giving them the necessary exposure for their businesses to thrive. The solution identifies with businesses, empowering them with the required trade tools and expertise, while linking them with new global trade partnerships they can trust while nurturing their growth through good human relationships.’’ Speaking on gas as the transition fuel, Bandele said the company had inaugurated onshore projects which were already at the engineering stage.

He said the action was a deliberate plan by the company to supply electricity to communities situated at the site of its oil block which had been in darkness for the past 25 years.

“We acquired the second largest solar company in the world. It is also a deliberate action to work in that space to boost the industry,” he added.

He said they would continue to consolidate on new energy, while expanding gas development projects.

Bandele challenged the industry regulators to increase the scope of gas to be used on gas channels since the pipelines were being utilised.

He also said TotalEnergies was in talks with the Nigerian National Petroleum Company Ltd. on how to install another 10 megawatt electricity to a community in the zone of its project.

He explained that the project would be 100 per cent solar-based with a two-year completion target.

Bandele said that the company had made a lot of progress in its domestic gas education to stakeholders and was continuously enriching its gas portfolio in terms of export.

“TotalEnergies is present in all sectors of energy in Nigeria, namely downstream, midstream and upstream,” he said.


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

MultiChoice Talent Factory Alumni Bag Multiple AMVCA Nominations

Next Post

Nigerian Breweries Appoints Ighodalo As Chairman As Jamodu Retires

ADEJUMOKE ADEESO 

ADEJUMOKE ADEESO 

You May Like

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa
Business

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

2025/07/02
FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos
Business

FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

2025/07/02
Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry
Business

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

2025/07/02
Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide
Business

Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

2025/07/02
Inflationary Pressures Hamper Business Operations
Business

Economic Reforms Drag Business Activities To 7-month Low

2025/07/02
NNPC Declares N674bn Profit For 2021
Business

NNPC, IPPG Chart Path To Delivering 3m Barrels Per Day Oil Target By 2030

2025/07/02
Leadership Conference advertisement

LATEST

Lagos To Enforce Mandatory Health Insurance By 2026

Miracle Videos: CAN Under Fire Over Comment Against Prophet Fufeyin

Transport Unions Seek Restoration Of Speed Breakers On Ilorin-Jebba Expressway 

NPC Boss Dan’Agundi Cancels Birthday Celebration To Mourn Dantata

Reps Unveil Compendium Of 86 Constitution Alteration Bills 

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

Buhari Ill, Now Recovering In UK — Aide

Court Sentences 2 Beninese, Others To 5-yr Jail Term For Trafficking Cocaine

Kano Gov’t Bans Scrap Materials From North-East

Police Rescue Ghanaian, Arrest 3 Suspected Kidnappers 

© 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.