Sterling HoldCo Confirms Full Recapitalisation of Two Banking Subsidiaries
Sterling HoldCo Confirms Full Recapitalisation of Two Banking Subsidiaries …Sets Benchmark for Strategic Growth Lagos, Nigeria: Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are fully recapitalised in line with the Central Bank of Nigeria’s (CBN) revised minimum capital requirements, following final regulatory approvals received in January 2026. The capital-raising programme itself was substantially completed between December 2024 and October 2025, po…
NCSP, NACCIMA Move to Unlock SME-Led Industrial Growth
NCSP, NACCIMA Move to Unlock SME-Led Industrial Growth The Nigeria–China Strategic Partnership (NCSP) has reaffirmed its commitment to consolidating engagements with the Organized Private Sector while strengthening strategic collaboration to accelerate Nigeria’s industrial expansion. This followed a high-level meeting with the leadership of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), focused on aligning institutional efforts to deepen Nigeria–China economic cooperation and position Small and Med…
Stanbic IBTC Bank strengthens industry collaboration with housing finance expertise at the 2026 Wemabod Real Estate Summit
Stanbic IBTC Bank strengthens industry collaboration with housing finance expertise at the 2026 Wemabod Real Estate Summit L–R: Tola Akinhanmi, Head, Real Estate Finance, Stanbic IBTC Capital; Sa'adiya Aliyu, Managing Director, Urban Shelter; Otunba Bimbo Ashiru, Group Chairman, Odu’a Investment Company; Wole Adeniyi, Chief Executive, Stanbic IBTC Bank; and ESV. Bashir Oladunni, Managing Director/Chief Executive Officer, Wemabod Limited, during the 2026 Wemabod Real Estate Outlook, held recently in Lagos. Stanbic IBTC Bank, a subsidiary of…
What Nigeria’s Power Sector Trends Signal for Infrastructure Development in 2026*
What Nigeria’s Power Sector Trends Signal for Infrastructure Development in 2026 Recent trends in Nigeria’s power sector suggest that infrastructure development will be the defining factor shaping electricity performance in 2026, despite notable policy and revenue reforms recorded over the past two years. The years 2024 and 2025 marked a pivotal phase for the sector, with electricity market revenues growing by approximately 70 per cent following the introduction of cost-reflective tariffs and the launch of the National Integrated Electricity P…
Rite Foods Tasks Nigerians on Love at Valentine's
Rite Foods Tasks Nigerians on Love at Valentine's Rite Foods Limited, a leader in Nigeria’s food and beverage industry, has enjoined Nigerians to leverage the occasion of this year’s Valentine’s Day to embrace love, togetherness, and life’s meaningful moments. Valentine’s Day, globally recognised as a celebration of love in all its forms, presents a moment to pause, connect, and create lasting memories. Rite Foods inspires consumers to turn everyday moments into shared celebrations through kindness, connection, and the simple joy of coming…
WEMA BANK SET TO SPONSOR CELEBRITY PERFORMANCE AT COUPLE’S WEDDING
WEMA BANK SET TO SPONSOR CELEBRITY PERFORMANCE AT COUPLE’S WEDDING In the spirit of the season of love, Wema Bank has announced the couple who will be getting a special celebrity artiste performance at their wedding on Valentine’s Day, February 14, 2026: The bride, Rita Ndukwe and the groom, Jemil Adama. Inspired by the “Evolution” theme of its upgraded ALAT App tagged “ALAT: The Evolution”, Wema Bank launched its Valentine campaign on February 1, 2026, with a focus on celebrating the journey of love across four categories: self-love, friendsh…
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“No Pepsi, No Detty December” - Industry Leaders Explain How the Brand Took Over December
“No Pepsi, No Detty December” - Industry Leaders Explain How the Brand Took Over December If Detty December has a backbone, many industry leaders believe it is Pepsi. As the new year sets in and normal life slowly resumes, industry voices are looking back with clarity. Across music, media, nightlife and live entertainment, one sentiment continues to surface. No brand has shaped Nigeria’s December culture with the depth and consistency of Pepsi. “Without Pepsi, we wouldn’t have Detty December in the manner that we know it now,” says music journ…
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