Business

Stanbic IBTC Nominees, a subsidiary of Stanbic IBTC Bank, has been honored with the prestigious Best Sub-Custodian Bank Award in Nigeria at the 2023 Global Finance Awards. This feat marks the 15th time the Bank has received this esteemed honour, reaffirming its commitment to providing innovative and efficient services to …

  The Chief Financial Officer of Zenith Bank Plc, Dr. Mukhtar Adam, has been named ‘Chief Financial Officer of the Year’ at the 11th All Africa Business Leaders Awards (AABLA) in partnership with CNBC Africa. The award ceremony took place at the King’s Ballroom, Sun City, South Africa, on June …

Crude oil Nigeria is no longer Africa’s largest crude oil producer due to disrupting production levels, according to the U.S Energy Information Administration (EIA). In its latest report on ‘Country Analysis Brief: Nigeria’, EIA said Angola had overtaken Nigeria due to unplanned production outages. The report partly read, “For many …

Dr. Owen Omogiafo, President of Transcorp Group, has been honoured with the prestigious All Africa Businesswoman of the Year award. The award was proudly presented by African financial services company Absa Group Limited at the renowned All Africa Business Leaders Awards (AABLA), in partnership with CNBC Africa. The All Africa …

Lagos blue rail line The Lagos Metropolitan Area Transport Authority (LAMATA) has disclosed that the blue line rail system will be open for passenger operations in August 2023. Abimbola Akinajo, the agency’s managing director, disclosed this at the LAMATA business/investor forum, according to a statement on Thursday by Kolawole Ojelabi, …

Nneka Enuka UgoAnochie, head of operations at Sterling Bank Plc in Yenagoa has been kidnapped. The Bayelsa State Police Command confirmed the abduction, adding that it happened around the Kpansia axis of Yenagoa, the state capital.According to the Police, the incident caught many residents unaware due to the presence of …

In a move to address the environmental impact of plastic bottle waste pollution, the Coca-Cola System in Nigeria has announced the modification of its products’ bottles. The Director of Public Affairs, Communications and Sustainability at Coca-Cola Nigeria, Nwamaka Onyemelukwe, disclosed this during the Annual System Beach Cleanup exercise held in …

The SERAS Africa Sustainability Awards has called for entry and participation in the 2023 edition and 17th cycle of the annual event. SERAS is an award ceremony held to recognise corporate social responsibility and sustainability. The gold-standard award and the most important industry ceremony in Africa has over the years …

Temitayo Jaiyeola and Sami Olatunji Nigeria’s total public debt may hit N81.64tn this year, according to findings by The PUNCH. The figure was arrived at based on the 2022 Debt Sustainability Analysis Report by Debt Management Office. According to the debt office, the increase in total public debt-to-GDP to 37.1 …

The Institute of Chartered Accountants of Nigeria (ICAN) has warned the Federal Government against imposing higher taxes on gas and other renewable energy sources following the removal of fuel subsidy. It applauded the government for the bold step in removing fuel subsidy, as this would free up funds needed to …