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Stanbic IBTC Internet Banking, Pension, Customer Care, and Asset Management

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Stanbic IBTC is a commercial bank that gives integrated financial services, pensions and wealth management products, and services in Nigeria. Like many other financial institutions serving the general public, Stanbic IBTC has adopted internet banking to ease operations and enhance their customers’ banking experience. The convenience and ease of this technological advancement in banking are indeed a blessing to both clients and the service providers.

CEO: ⭐Demola Sogunle⭐ (25 Jan 2017–)

Beyond offering you the items you need to realize Stanbic IBTC internet banking, this piece will get you familiar with the bank’s Pension and Asset Management works and the way it works.

Read Also: Zenith Bank Transfer Codes, Internet and Mobile Banking, and Customer Care Code

Stanbic IBTC Internet Banking and How To Use It

Their internet banking includes Mobile Money, SME Online Banking, Online Requests, and Business Online. It enables you to bank easily across all your devices – on your smartphone, tablet, laptop, or desktop computer. Thus, whether you’re at the office, home or on the go, Stanbic IBTC’s internet banking is at your fingertips. With it, you can make the following transaction from your account with the bank:

1. Recharge Airtime on Your Phone

If you’re a Stanbic IBTC Bank account holder, you are allowed to top-up your bank-registered mobile lines instantly by dialing⭐ *909*Amount# ⭐from your mobile phone. The amount value is deducted from your account while the same airtime value is credited to your phone line.

The minimum recharge is N200 while the maximum is N5,000. However, you must have at least N5 on your phone to perform this transaction and you will need to get the Stanbic IBTC Mobile app as well.

2. Transfer Money

With your phone or computer, you can perform transactions from your accounts within Stanbic IBTC as well as with other Banks. The following is how you can get started on Stanbic money transfer.

For existing users:

  • Simply enter your current User ID (usually your account number) and Password to sign in.
  • You will find that your beneficiaries have been automatically loaded to the new platform.

For new users:

  • You will need to register for Internet banking on this link where you’ll be asked to enter your account number then you will be able to login with your User ID and Password. Alternatively, visit any of the branch offices and request a registration form, fill it and submit to the customer care officer.
  • Once your request is reviewed and approved, you will receive a Username and passcode for your internet banking account via email or cell phone SMS.
  • After your account has been activated, you will need to get the Stanbic IBTC Mobile App and install it on your smartphone.
  • You can also enrol for Mobile/Internet Banking here.

3. Check your Account Balance 

You can either check your account balance using online banking on your computer or work with the app you installed on your phone.

4. ⭐Customer care number

01 280 1266

The Bank’s Pension Plan

The bank’s Pension Fund Management is all about the initiation and maintenance of an investment portfolio of pension assets on behalf of contributors. They boast of leveraging on their wide asset and pension fund management expertise to provide efficient and customized pension management services.

Setting Up A Pension Plan With Stanbic IBTC

To set up your retirement pension plan with the bank, you’ll need to do the following,

1. Open and start a Retirement Save Account, RSA by…

  • Registration;
  • Contributing to a Retirement Saving Account (RSA);
  •  Making Voluntary Contributions (VC).

2. Access your Pension account balance via…

  • Stanbic IBTC Mobile App
  • Quarterly Statements
  • SMS short code (30388)
  • Telephone Pensions – Dial 01-2716000,
  • The Internet
  • Transaction Alerts (SMS and email)
  • ATM

3. Contribution schedule format

This is a range of cash management solutions the bank devised to meet their clients’ specific account management, payments, collections, and liquidity management requirements.

Asset Management 

Stanbic IBTC

The bank’s Asset Management provisions are categorized as shown below:

1. Individual Investors who are willing to invest in Mutual Funds to have automatic access to online accounts which enable you to access your online account and buy more Funds and redeem it – all online.

2.  HNI & Institutional Investor that may wish to have their portfolio managed by SIBTC. SIBTC is a service financial platform of the bank that focuses on Corporate and Investment Banking, Personal and Business Banking, and Wealth Management.

3. Mutual Funds which invest in a variety of stocks, bonds, money market instruments or other securities.

4. Equity Fund

5. Money Market Funds 

6. Guaranteed Investment Funds 

Quick Facts About Stanbic IBTC

1. Head Office: Lagos 

2. Address: Walter Carrington Cres, Victoria Island, Lagos

3. Work hours: 8:00 AM to 4:00 PM

4. Phone:  01 270 9676

5. The bank won three Global Banking and Finance Review Awards in 2015 for:

  • Best Asset Management Company in Nigeria;
  • Best Mutual Fund Provider in Nigeria;
  • Best Non-Pension Fund Manager in Nigeria.

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All you need to know about bitcoin

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What is Bitcoin and Who created Bitcoin ?

Bitcoin is a cryptocurrency, a form of electronic cash. According to Wikipedia, it was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin blockchain network without the need for intermediaries. It is powered through blockchain technology.

Is Bitcoin real money?

Bitcoin is not a money that the government declared to be a legal tender i.e. it is not fiat money and does not have ties to any government. It is a cryptocurrency and can be used as payment or for investing purposes. Many mainstream companies and even some governments accept Bitcoin as payment.

To buy bitcoin in Nigeria at an affordable rate,

Visit: www.cryptonaira.ng

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Business

NNPC Raises Petrol Depot Price, Marketers To Sell At ₦168 – ₦170 Per Litre

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The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre Punch reports,

The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali.

Read Also: NNPC’s staff receive N357bn as salary in a year

The memo, a copy of which was seen by our correspondent, said the new ex-depot price would take effect from Friday.

The ex-depot price is the price at which the product is sold by the PPMC to marketers at the depots.

In its PMS price proposal for November, the PPMC put the landing cost of petrol at N128.89 per litre, up from N119.77 per litre in September/October.

It said the estimated minimum pump price of the product would increase to N161.36 per litre from N153.86 per litre.

The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, in a telephone interview with our correspondent, said the over N7 increase in ex-depot price would translate into an increase in pump prices.

He said, “The implication of the increase in the ex-depot price is that there is going to be an increase in the pump price. We are expecting the pump price to range from N168 to N170 per liter.

“Crude oil price is going up,” he said, noting that the Federal Government has fully deregulated petrol prices.

Following the deregulation of petrol prices in September, marketers across the country adjusted their pump prices to between N158 and N162 per litre to reflect the increase in global oil prices.

Petrol price band had also risen from N121.50–N123.50 per litre in June to N140.80-N143.80 in July and N148-N150 in August.

The Minister of State for Petroleum Resources, Timipre Sylva, said in September that the government had stepped back in fixing the price of petrol, adding that market forces and crude oil price would continue to determine the cost of the product.

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Dangote Reacts To Criticisms On Border Closure Exemption

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The Dangote group has reacted to a recent report published on Bloomberg that their cement company was solely exempted from the Land Border Closure by the Nigerian government.

The report revealed that Dangote Cement was still able to export products despite the land border closure put in place by the Federal Government thus gaining an ‘unfair’ advantage.

Read Also: Meet Mariya Dangote: Dangote’s Daughter

Responding to the development in a statement sent to POLITICS NIGERIA, signed by Timilehin Oyedare, the cement giant disclosed that the report was ‘misleading’.

“Contrary to reports by Bloomberg that Dangote Cement was granted sole approval to export cement through the land borders, information has emerged that other companies also got approval to export through the land borders. Nigerian Customs Service has reportedly revealed that a gas company have also received presidential approval to move goods across the land borders.”

“Joseph Attah, the spokesperson for Nigerian Customs Service, was said to have clarified on phone from Lagos.”

“Dangote Cement and other companies in July, 2020 got partial special dispensation to export their products with certain sequence of crossing at Ilela land border in Sokoto State and Ohumbe land border in Ogun State, the company clarified.”

The Group Chief, Branding and Communications, Dangote Group, Mr. Anthony Chiejina, said the report is misleading and mischievous because it focused only on Dangote Cement as the sole beneficiary of the partial special dispensation.

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