Business

…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 …

By: Philip Odiakose As a PR measurement specialist and thought leader in PR measurement and evaluation in Nigeria, I have had the privilege of witnessing the transformative impact that rigorous measurement and evaluation practices can have on the public relations industry. In Nigeria, where the PR industry faces unique challenges and …

Stanbic IBTC Holdings, a leading end-to-end financial institution in Nigeria and a member of the Standard Bank Group, has achieved a significant milestone by being recognised as the fastest-growing brand in Nigeria. This recognition comes from a comprehensive report by Brand Finance, a renowned London-based brand valuation consultancy. The annual …

Ecobank Nigeria says it has concluded plans to host the third edition of “Adire  Lagos Experience”. The four days exhibition will take place at the ultra-modern Ecobank Pan African Centre on Victoria Island,  Lagos. It will be held from June 14 to 17, 2024. Announcing the programme in Lagos State, Adeola Ogunyemi, …

About $813m funds belonging to foreign airlines that were trapped in Nigeria since June 2023 had been cleared but the Central Bank of Nigeria still has $19m outstanding balance to settle, the International Air Transport Association said. The Director-General of IATA, Willie Walsh, confirmed the status of trapped funds in …

The apex said the action was an exercise of its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020 and was to promote a sound financial system in the country. The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc with immediate …

A Court of Appeal sitting in Abuja has dismissed AIICO Insurance Plc’s appeal against a policy holder, Mr. Gboyega Bello, and awarded N500,000 in his favour as a cost of legal process. The court upheld the judgment of the High Court of the Federal Capital Territory, given by Justice M.E. Anenih in …

May data pointed to a pick-up in growth in the Nigerian private sector, with both output and new orders increasing at sharper rates than in April. Rates of expansion remained slower than the respective series averages, however, as high prices continued to limit demand. That said, there were further signs …

Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. Commenting on the award, the Group Managing Director/Chief Executive Officer of Zenith Bank, Dame (Dr.) Adaora Umeoji, OON, said: “We are deeply honoured to …