Stanbic IBTC Bank Nigeria PMI: New order growth hits 19-month high
Stanbic IBTC Bank Nigeria PMI: New order growth hits 19-month high Growth in the Nigerian private sector continued to gain momentum during August as customer demand improved and inflationary pressures softened. Sharper increases in output and new orders were recorded, although rates of expansion in purchasing activity and employment eased. Meanwhile, business confidence softened but firms remained optimistic that output will increase over the coming year. The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Inde…
Union Bank of Nigeria Completes Merger with Titan Trust Bank
Union Bank of Nigeria Completes Merger with Titan Trust Bank MD/CEO, Union Bank, Mrs. Yetunde Oni Union Bank of Nigeria, one of the nation’s longest-standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN). This milestone concludes a process that began with the signing of a Share Sale Agreement in 2021 and positions Union Bank as an even stronger force within Nigeria’s financial services sector. Under the terms of the …
DANGOTE CEMENT DONATES VEHICLES TO LASTMA, TRACE
DANGOTE CEMENT DONATES VEHICLES TO LASTMA, TRACE … To Aid Traffic Management In Lagos, Ogun Acting Commander-General/Chief Executive Officer, Ogun State Traffic Compliance and Enforcement Agency (TRACE) (left), Elias Omonayajo; Permanent Secretary, Ministry of Transportation, Ogun State, Mrs Aderonke Tokunbo-Peters (middle) in handshake with Head of Social Performance, Dangote Cement Plc, Wakeel Olayiwola during the official handover of two brand new patrol vehicles donated to TRACE and LASTMA by Dangote Cement Plc in Ikeja at the weekend. L-…
FIRSTBANK’S ₦1 TRILLION DIGITAL LOAN DISBURSEMENT MILESTONE AND THE NEW ERA OF INCLUSIVE LENDING IN NIGERIA
FIRSTBANK’S ₦1 TRILLION DIGITAL LOAN DISBURSEMENT MILESTONE AND THE NEW ERA OF INCLUSIVE LENDING IN NIGERIA For decades, Nigeria's credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals, guarantors, and endless paperwork, effectively shutting out a large portion of the population working in the informal economy. FirstBank’s digital lending model flipped the script. With the launch of its digital lending model, the bank elimin…
NCSP Courts China’s Tech Giants, Pitches Nigeria as Next Big Data Frontier
NCSP Courts China’s Tech Giants, Pitches Nigeria as Next Big Data Frontier Nigeria has stepped up its campaign to position itself as Africa’s next big data hub, urging Chinese technology giants to seize early opportunities in the continent’s rapidly expanding digital economy. The message was delivered by Joseph Tegbe, Director-General of the Nigeria-China Strategic Partnership (NCSP), who used two major platforms in Guiyang, China, to present both the vision and the investment blueprint for Nigeria’s digital future. At the China International …
GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion
GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion Lagos, Nigeria — 29 August 2025 — Guaranty Trust Holding Company Plc (NGX: GTCO; LSE: GTCO), today announced that it has increased its investment in its wholly owned Banking subsidiary, Guaranty Trust Bank Limited (“GTBank”) to ₦504 billion through a rights issue subscription for 6,994,050,290 ordinary shares of fifty kobo each made by GTBank for a total consideration of ₦365,850,403,572.67, thus increasing GTBank’s paid-up share capital from ₦138,186,703,485.78 to ₦504,037,107,058.45. Th…
Stanbic IBTC Bank celebrates fourth monthly draw; rewards 70 lucky winners in Reward4Saving Promo 4.0
Stanbic IBTC Bank celebrates fourth monthly draw; rewards 70 lucky winners in Reward4Saving Promo 4.0 L-R: Marian Odidika, Manager, Customer Value Proposition, Stanbic IBTC Bank; Elem Chilem Kalu, winner; Oluwakemi Zollner, Head, Sales Lagos Mainland, Stanbic IBTC Bank; Angela Okoli, winner; and Titilayo Philip-Adetunji, Principal Standard Officer, Federal Competition and Consumer Protection Commission (FCCPC), during the Reward4Saving Promo 4.0 July cheque presentation, held recently in Lagos. Stanbic IBTC Bank has reaffirmed its dedication t…
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