Stanbic IBTC CEO, Insider Delano Purchase Nearly 2 million Shares 

The Chief Executive Officer (CEO) of Stanbic IBTC Holdings Plc, Demola Sogunle and another insider Olu Delano, Head of Clients coverage have purchased nearly 2 million new shares in the Bank worth about N91 million.

Sogunle the CEO purchased 970,000 shares of the bank at N46 per share yesterday (06, November) for a total consideration of N44.62 million, while Delano bought 1 million shares on Thursday 5^th November at N46 per share for a total of N46 million.

This was disclosed by separate filings on the Nigerian Stock Exchange (NSE).

Insider stock purchases are viewed as bullish by MoneyCentral.