Business

This follows reports that that Nigeria’s oil industry regulator is prepared to offer a fast-track sales approvals process for oil companies wanting to sell their businesses in the country. Amnesty International has called on the Nigerian government to ensure Shell is held to account for the pollution and human rights abuses …

Nigerian schoolgirls have been told to set aside their fears and aim for leadership roles in their nation. Globacom, Nigeria’s digital solutions provider, made the call recently at the 2024 Girls in ICT Day observance event in Lagos. Globacom’s representative at the event, Mrs. Kemi Fadipe, exhorted school girls to …

Stanbic IBTC Statement It has come to our attention that there have been some misconceptions circulating in recent media reports regarding Stanbic IBTC Bank’s approach to recognizing expected credit losses (ECL) on our risk asset portfolio. We would like to take this opportunity to clarify our methods and the principles …

  The Managing Director of First City Monument Bank (FCMB), Mrs. Yemisi Edun and Mission Director of the United States Agency for International Development (USAID), Melissa Jones, during the signing of a partnership agreement to facilitate $10 million in new loans for underserved borrowers, MSMEs in the health sector and …

NNPCL   The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd.) and Natural Oilfield Services Ltd. (NOSL) have announced the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State. The NNPC E&P Ltd. is NNPC Ltd’s flagship upstream subsidiary, while NOSL …

Members of the Democratic Youth Assembly of Nigeria (DYAN) have visited the Vice-President, Oil and Gas, Dangote Industries Limited (DIL), Mr. Devakumar Edwin, in his office at the corporate Headquarters of the Pan-African Conglomerate in Lagos during which they presented him with an award of “Icon of Delight Service” in …

Dangote Cement Plc, is prioritizing  community engagement, empowerment, and environmental stewardship to sustain its upward trajectory, The cement manufacturing firm said it believed that true progress is measured not only by economic prosperity but also by the holistic development of all stakeholders. The Plant Director of Dangote Cement Plc Obajana, Mr. Azad Nawabuddin, who disclosed this during a …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has partnered with Tillit MSME Microservices to offer affordable healthcare solutions to Small and Medium-sized Enterprises (SMEs) in Nigeria. This strategic partnership aims to address the challenges faced by SMEs in delivering quality healthcare services and retaining skilled professionals. SMEs in …

Highly-rated, independent investment advisory firms have picked Fidelity Bank as a very attractive stock with potential to generate high returns for investors. Independent investment research reports by many market pundits reviewed at the weekend showed that Fidelity Bank was assigned “buy” ticker, a recommendation to investors to consider the potential …

The Development Bank of Nigeria (DBN) says N787 billion has been disbursed to more than 495,000 micro, small, and medium-scale enterprises (MSMEs) in 2023. The bank disclosed this in its recently released cumulative ‘Social Impact Report’ for 2023. The DBN said the effort was aimed at improving access to finance …