Corporate Updates: Stanbic IBTC Ventures gets new chief executive, Cutix sees earnings growth

A quick run through notable corporate announcements today.

– Stanbic IBTC Holdings PLC appointments

Stanbic IBTC Holdings PLC has made the following new appointments for its various units.

1. Ndidi Nwuneli (Independent non-executive director) …. Stanbic IBTC Holdings PLC
2. Yinka Sanni (Non-executive director) ….. Stanbic IBTC Holdings PLC
3. Funeka Montjane (Non-executive director)……. Stanbic IBTC Bank PLC
4. Efe Omoduemuke (Executive director) ……….. Stanbic IBTC Asset Management
5. Joyce Dimpka (Non-executive director) …. Stanbic IBTC Insurance Brokers
6. Temitope Popoola (Executive director) ………..Stanbic IBTC Insurance Brokers Limited
7. Oladele Sotubo (Executive director) ……………Stanbic IBTC Capital Limited
8. Titi Ogungbesan (Chief executive) ………………Stanbic IBTC Ventures.

The chief executive of Stanbic IBTC Holdings, Demola Sogunle, said: “These appointments represent a significant milestone in the flight plan of Stanbic IBTC as we continue to position ourselves as a leader in the Nigerian financial services industry. The newly appointed directors bring a wealth of multi-dimensional experience, diverse perspectives, and a deep commitment to driving excellence and innovation.”

– Cutix earnings forecast

Cutix Group has released its earnings forecast for the second quarter of its financial year 2024, which ends October 31.

The electrical equipment maker expects 10% increase in revenue and profit before tax at N408 million.

It puts profit (or loss) after tax at N275.7 million.

Cutix produces wiring cables, metal products, feeder pillars etc.

– Learn Africa dividend

Learn Africa Plc has announced a proposed final dividend of 25 kobo for the period ended March 31.

Shareholders on the company’s register by September 8 will qualify.