Business

Stanbic IBTC Holdings PLC, a member of Standard Bank Group and the leading end-to-end financial services provider in Nigeria, recently announced various Board appointments across the Group. These appointments are a reflection of the Group’s commitment to strengthening its leadership teams and driving continued growth and innovation in the financial …

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings PLC, is set to host the third edition of its Ladies At The Table Empowerment Series – LATTES 3.0. The virtual event aims at empowering women in business and career to achieve their business and career aspirations while enjoying a …

Naira and Dollar The Naira on Monday appreciated against the dollar, exchanging at N741.50 at the investors and exporters window. The Naira gained by 3.61 per cent when compared with N769.25 for which it exchanged for the dollar at the close of business on June 30. The open indicative rate …

•Describes him as a market colossus The Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders, yesterday, held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, the founder of FCMB Group. Speaking during the ceremony, the Chief Executive Officer, NGX, …

FMDQ Securities Exchange Limited, has approved the quotation of MyCredit Investments Limited N2.50 billion Series one Commercial Paper (CP) on its platform. The Exchange stated that this is part of its mandate to accelerate the development of the Nigerian debt markets, as it will continue to use its platform to …

The National Pension Commission (PenCom) has sanctioned defaulting companies N12.09billion monetary fines, LEADERSHIP learnt. This is aside the N12.440 billion principal contributions recouped, making a total payment of N24.5billion by employers who failed to remit the pension contributions of their workers as and when due. The penalty payment was for …

  The removal of the fuel subsidy in Nigeria caused a sharp strengthening of price pressures in June. In turn, rates of expansion in output and new orders softened but remained marked nonetheless. Business confidence dipped to a near-record low. Intensifying inflationary pressures encouraged companies to expand inventories to try and get ahead of further price increases. Meanwhile, …

—Assures them of policy consistency —-As Shell Director hails President’s strong start, positive reforms President Bola Tinubu, on Monday, assured investors that his administration is open and serious for business and will maintain consistency in policy. The President also promised to provide a better business climate to attract investment. He …

Central Bank of Nigeria building The Central Bank of Nigeria on Monday sought the partnership of the Federal University of Technology, Akure, Ondo State, in adopting the newly introduced digital currency known as eNaira. The apex bank urged the university to adopt the new system for financial transactions within the …

Zenith Bank Plc has retained its ranking as the Number One Bank in Nigeria by Tier-1 Capital in the 2023 Top 1000 World Banks’ Rankings, published by The Banker Magazine. For the fourteenth year in a row, the Bank has held its position as the number one Tier-1 bank in …