Stanbic IBTC Holdings, a member of Standard Bank Group, has unveiled the fourth edition of its flagship Digital Skills Empowerment Programme (DiSEP 4.0). This initiative underscores the company’s longstanding commitment to empowering young Nigerians and actively promoting digital transformation within the country. DiSEP 4.0 represents a significant step forward in[Read More…]
Business
FirstBank Hosts Inaugural China-Africa Interbank Association Forum; reiterates its commitment to promoting trade, financial cooperation
FirstBank, the premier West African financial institution and financial inclusion service provider has announced its hosting of the first-ever China-Africa Interbank Association (CAIBA) Forum to strengthen economic ties and investments between China and Africa. The forum, themed “Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialization and Economic Diversification,”[Read More…]
Flour Mills of Nigeria Plc set to de-list from NGX at N86
Flour Mills of Nigeria Plc has notified the Nigerian Exchange and the investing public of the recent Court Ordered meeting that would eventually lead to the termination of trading in the shares of the Company on the Nigerian Exchange. The special resolution passed at the Court Ordered meeting can be[Read More…]
Report: Dangote seeks billions of dollars to boost crude supply to refinery
Aliko Dangote, Africa’s richest man, is seeking to raise billions of dollars to step up crude oil supplies for his $20 billion oil refinery in Lagos, Financial Times (FT) is reporting. According to the report on Sunday, the Dangote Group founder is in talks with commercial lenders, development banks, oil[Read More…]
Empowering Nigeria’s Youth: Nestlé’s Commitment to Financial Freedom Through Training and Sports Sponsorship
By Godwin Anyebe Small and Medium Enterprises (SMEs) contribute significantly to Nigeria’s economy, comprising around 50% of GDP and providing over 80% of employment. Yet, despite their importance, SMEs often face challenges accessing finance, which hinders growth and development. This difficulty underscores the need for strategic support, not only from[Read More…]
Dangote Refinery and Deregulation: Unpacking the confusion
By Andrew Agenmonmen In recent times, the press has been inundated with claims and counter claims about PMS sales and pricing between the Dangote Refinery, Regulator, NNPCL, and the marketing companies. These interactions are becoming rather an embarrassment to our nation state. This is an attempt to unpack some of[Read More…]
Global Oil Prices Edge Up: Causes, Impacts, and the Path Ahead
Global oil prices are once again on the rise, bringing renewed attention to the energy markets as countries and businesses grapple with the wide-reaching effects of this shift. After a period of relative stability, oil prices have been climbing steadily, largely driven by a mix of geopolitical tensions, supply constraints,[Read More…]
Fuel Price Surge: Businesses on the Brink Amid Rising Costs
As Nigeria grapples with an unprecedented fuel price hike, businesses across the country are facing increasing pressure to stay afloat. The rising cost of fuel, exacerbated by global energy crises and domestic challenges, is not only squeezing household budgets but also threatening the survival of small, medium, and large enterprises[Read More…]
Strengthening Nigeria’s Banking Sector: The 2024 Recapitalization Mandate
In March 2024, the Central Bank of Nigeria (CBN) issued a circular announcing a new recapitalization policy for commercial, merchant, and non-interest banks in Nigeria. This policy, effective from April 1, 2026, mandates that banks increase their minimum capital requirements to enhance their financial stability and resilience. The directive requires[Read More…]
From Bricks to Click: The Future of Banking in Nigeria
The Nigerian banking sector is undergoing a significant transformation, moving from traditional brick-and-mortar branches to digital platforms. This shift is driven by a combination of regulatory reforms, technological advancements, and changing customer preferences. The future of banking in Nigeria is increasingly digital, with banks leveraging technology to enhance efficiency, reduce[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]