Stanbic IBTC's AAA(nga) Rating, Unbroken for a Decade, Reaffirmed by Fitch
Stanbic IBTC's AAA(nga) Rating, Unbroken for a Decade, Reaffirmed by Fitch Stanbic IBTC has been reaffirmed at 'AAA (nga)' by Fitch Ratings, giving clients, and investors continued assurance in its financial strength and the way it is run. The affirmation extends Stanbic IBTC's place at the top of Nigeria's National Long-Term Rating scale for over a decade. That span of decade included a naira devaluation, a sharp rise in interest rates and a central bank-mandated recapitalisation exercise for Nigerian banks, each a genuine…
.jpeg)
FG, Lagos State Government Synergize to Deliver 24/7 Power as Energy Zones Kicks Off
FG, Lagos State Government Synergize to Deliver 24/7 Power as Energy Zones Kicks Off In a move to end the blackouts that have long weighed on households, businesses and industry, the Federal Government and Lagos State have agreed to work in synergy to deliver stable, reliable electricity to the Lagos corridor, as part of the 24/7 Energy Zones pilot approved by President Bola Tinubu. The agreement followed a high-level technical session at the Lagos House, Marina, between the Minister of Power, Joseph Tegbe, and the leadership of the Ministr…
Nigeria’s SMEs: Resilient, Essential and in need of the Right Partners
Nigeria’s SMEs: Resilient, Essential and in need of the Right Partners By Aderonke Oluwadare Nigeria’s micro, small and medium sized enterprises remain central to the country’s economic growth, employment and household incomes. According to the NBS and SMEDAN MSME 2021 survey, as cited in PwC Nigeria’s MSME Survey 2024, MSMEs account for 96.9 per cent of businesses, 87.9 per cent of employment, 46.32 per cent of gross domestic product and 6.21 per cent of exports. These figures underline the importance of Nigerian SMEs to job creation, inn…
Stanbic IBTC Bank Nigeria PMI® Strongest growth of output since February 2022
Stanbic IBTC Bank Nigeria PMI® Strongest growth of output since February 2022 September data signalled strengthening growth momentum in Nigeria's private sector as a rapid rise in new orders spurred the fastest increase in business activity since February 2022. With workloads rising, companies ramped up purchasing activity and took on extra staff, although employment rose only modestly. Meanwhile, inflationary pressures were also marked, with companies increasing their selling prices at the fastest pace in three months in response to highe…
%20(4).jpeg)
Free Daily Data for Learners: NCC, ALTON Roll Out Zero Rated Access to Educational Platforms October 1.
Free Daily Data for Learners: NCC, ALTON Roll Out Zero Rated Access to Educational Platforms October 1. The Nigerian Communications Commission (NCC), in collaboration with the Association of Licensed Telecommunications Operators of Nigeria (ALTON), will on October 1, 2026, roll out the Zero Rated Data Access to Approved Educational Platforms and Content Initiative. The programme supports the Commission’s mandate to promote modern, universal, efficient, reliable, affordable, and accessible communications services across Nigeria. Under the …
Rite Foods Donates 600 Protective Coveralls, Working Tools to Ogun Waste Management Workers
Rite Foods Donates 600 Protective Coveralls, Working Tools to Ogun Waste Management Workers …Reinforces commitment to environmental sustainability and zero-waste-to-landfill goal Rite Foods Limited, a leading Nigerian food and beverage company, has donated 600 protective coveralls and other waste management tools to workers of the Ogun State Waste Management Authority (OGWAMA), in recognition of their critical role in keeping communities clean and healthy. The initiative, undertaken to commemorate World Cleanup Day 2026, themed “From Clean…
IPO: University Students Hail Dangote Foundation's Free Share Initiative
IPO: University Students Hail Dangote Foundation's Free Share Initiative …Foundation Engages Campus Journalists on IPO University students across Nigeria have welcomed the Aliko Dangote Foundation's Student Share Grant Initiative, describing it as a unique opportunity to participate in wealth creation and gain practical investment experience through the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). As part of efforts to drive awareness and deepen financial literacy among young Ni…
Communiqué From Nigeria Digital Connectivity Investment Forum 2026
Communiqué From Nigeria Digital Connectivity Investment Forum 2026 1. Preamble The Nigerian Communications Commission (NCC), in partnership with Swedfund and Ookla, convened the Nigeria Digital Connectivity Investment Forum, 2026 at the Onomo Allure Hotel, Abuja, on September 29-30, 2026, under the theme "Unlocking Infrastructure Investment through Data, Transparency and Partnerships". Day 1 addressed Data, Demand and Infrastructure Investment Opportunities; Day 2 addressed Financing, Partnerships and Action Pathways, and closed w…
JTI Nigeria Celebrates Nigeria’s 66th Independence Anniversary, Reaffirms Commitment to Economic Growth
JTI Nigeria Celebrates Nigeria’s 66th Independence Anniversary, Reaffirms Commitment to Economic Growth Japan Tobacco International (JTI) Nigeria joins Nigerians in celebrating the country’s 66th Independence Anniversary, reflecting on a national journey shaped by resilience, ambition, and the enduring aspirations of its people. As the country marks this important milestone, JTI Nigeria also reflects on 18 years of operations in Nigeria. Over this period, the company has continued to support economic growth through its business activities…
Jamara Home Celebrates the Freedom to Live Better This Independence Day
Jamara Home Celebrates the Freedom to Live Better This Independence Day As Nigeria marks 66 years of independence, Jamara Home is celebrating the everyday freedoms that make life more comfortable, convenient and fulfilling, while reaffirming its commitment to helping Nigerians create homes that work better for the way they live. For Jamara Home, independence is not only a national milestone; it is also reflected in the freedom to live life on your own terms, create a comfortable home, care for loved ones and enjoy the everyday moments that…
ALIKO DANGOTE FOUNDATION LAUNCHES STUDENT SHARE GRANT INITIATIVE TO PROMOTE INVESTMENT CULTURE AMONG YOUNG NIGERIANS
ALIKO DANGOTE FOUNDATION LAUNCHES STUDENT SHARE GRANT INITIATIVE TO PROMOTE INVESTMENT CULTURE AMONG YOUNG NIGERIANS Aliko Dangote Foundation (“ADF”) has announced the launch of its Student Share Grant Initiative, a financial inclusion and investor education initiative designed to encourage a culture of saving, responsible investing and long-term asset ownership among young Nigerians. The Initiative is open to students aged 18 years and above enrolled in public and private tertiary institutions across Nigeria, subject to applicable verif…
Debit Card vs Credit Card: How to Choose the Right Card for Every Expense
Debit Card vs Credit Card: How to Choose the Right Card for Every Expense Understanding what happens to your money after a payment is just as important as completing the transaction. Picture a professional preparing for a trip. The flight must be booked, the hotel needs to be paid for and regular household expenses have not stopped simply because travel is approaching. There are two cards in the wallet, a debit card and a credit card. Both cards can be used to make payments, but they affect the cardholder’s finances differently. A debit c…
NCC Seeks Greater Digital Infrastructure Investment at Nigeria Digital Connectivity Investment Forum
NCC Seeks Greater Digital Infrastructure Investment at Nigeria Digital Connectivity Investment Forum Caption : L -R: Mr. Tristan Muhader, Vice President Middle East and Africa OOKLA; Dr. Vincent Olatunji, National Commissioner and CEO, Nigeria Data Protection Commission, NDPC; Dr. Aminu Maida, Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission, NCC; Dr. Jumoke Oduwole, Hon. Minister of Industry, Trade and Investments; Mr. Bolaji Bologun, CEO Chapel Hill Denham; Ambassador Anna Westerholm, Swedish Ambassador to…
.gif)
Social Plugin