Business

  Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards: Best SME Bank in Africa and Best SME Bank in Nigeria at the highly converted Asian Banker Global Excellence Retail Awards 2024. The Excellence in Retail Finance Awards Programme, which includes the Global Excellence in Retail …

In a significant step towards nurturing the educational development of Nigerian youths, Stanbic IBTC has introduced a nationwide scholarship programme set to benefit 200 exceptional students across the country. This initiative highlights the organisation’s commitment to fostering education and providing outstanding students with opportunities to achieve their academic aspirations. The …

First Bank of Nigeria Limited, the banking arm of First Bank of Nigeria Holdings (FBN Holdings), a leading financial service group led by Nigerian billionaire Femi Otedola, has successfully recovered a N456 billion ($305 million) loan from Heritage Bank just before the Central Bank of Nigeria (CBN) revoked the license …

    Emirates, the International Air Transport Association (IATA) and Airbus have joined forces to deliver an enhanced Competency-Based Training and Assessment (CBTA) programme for the A350 type rating, as the airline prepares for the delivery of 65 A350s from mid-2024. An initial cohort of 256 pilots will be trained as part …

    Lagos, Nigeria: Fidelity Bank Plc (“Fidelity Bank” or the “Bank”) has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public Offer (the “Combined Offer”). The …

NNPP Mr Israel Ayeni, the New Nigeria Peoples Party (NNPP) governorship candidate in the November 16 election in Ondo State, has withdrawn from the race. The News Agency of Nigeria (NAN) reports that Ayeni got the party’s ticket by polling 100 votes to defeat his sole rival, Prof. Ibrahim Ajagunna, …

Hundreds of customers gathered outside the bank’s headquarters in Calabar, opposite the Central Bank of Nigeria (CBN), at 7am, demanding access to their funds. The Heritage Bank office in Calabar, Cross Rivee State, was thrown into chaos on Wednesday morning, with customers threatening to break down the facility for fear …

The Johannesburg Stock Exchange has finally lifted the suspension on trading in the Shares of Oando Plc. Oando disclosed this in a filing seen on Wednesday. Oando Plc, an indigenous energy group in Nigeria listed on the Nigerian Exchange Limited (NGX) and the Johannesburg Stock Exchange (JSE). In a letter …

…Puts Customers Deposit At N650bn, Says No Need For Panic The Nigerian Deposit Insurance Corporation on Wednesday said it would go after debtors of Heritage Bank owing the bank about N700bn. The Managing Director of the Corporation Bello Hassan, gave the figure during a chat with journalists in Abuja. The …

Stanbic IBTC is delighted to announce the launch of its scholarship programme for the 2023/2024 academic year. The initiative is designed to support and invest in the educational development of exceptional Nigerian youths. Through the initiative, scholarships will be awarded to 200 students across the country, thus reaffirming Stanbic IBTC’s …