Stanbic Launches Innovation Hub Blue Lab in Nigeria

By  |  March 10, 2018

With the launch of Blue Lab, Nigerian bank Stanbic IBTC has joined an exclusive list of banks with their innovation hub. Blue Lab Situated at number 220 Herbert Macaulay Way in Alagomeji-Yaba was launched on Thursday, March 8, 2018.

Supported by the Co-Creation Hub (CcHub), Blue Lab is billed as an innovation hub for incubators with great ideas. A CcHub team member, Tunji Eleso, explained that Stanbic’s involvement in tech is a massive boost to the Tech ecosystem in Nigeria.
According to Eleso, the hub will help “a lot more people have the opportunity to connect with a forward-thinking bank. There are not very many of those in Nigeria.”


Chief Executive of the bank, Demola Shogunle, said the hub is inspired by changes and trends in the banking industry. Demola Shogunle believes Stanbic IBTC bank will launch the ‘next big thing in tech’ through innovations from the Blue Lab.

Stanbic IBTC joins Guaranty Trust Bank(GTB) in a league of banks supporting and building innovation hubs and co-working spaces. In July last year, the Lagos State government re-opened YouRead — an e-library and co-working space — in partnership with GTB.
Techies with innovative ideas have been urged to send their applications to utilise the hub.

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