Business

  Overview of Financial Performance As of June 30, 2025, Stanbic IBTC Holdings PLC showcased remarkable financial resilience and growth, despite operating within a highly competitive and regulated Nigerian financial services sector. The company’s interim financial statements highlight a strong upward trajectory across various key metrics, emphasizing the success of …

29-year-old Ayomide Lamidi, a Loan Officer with First City Monument Bank (FCMB) Microfinance, was arrested on suspicion of stealing N11.6 million from the bank, on Thursday in the Ogudu Magistrates’ Court in Lagos. As part of its Commercial and Retail Banking group, FCMB owns and runs the FCMB Microfinance Bank …

A lawyer, Chuckwuma-Machukwu Ume, SAN, has threatened a lawsuit against Polaris Bank for allegedly withholding a loan facility of N868 million belonging to a customer, Kenchez Nigeria Limited. Ume, a former Attorney-General of Imo, in a letter addressed to the managing director of the bank, also demanded another refund of …

President Bola Tinubu is scheduled to inaugurate the $400m Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, the first new crude export facility to be built in Nigeria in over 50 years. The facility, developed by Green Energy International Limited, operators of the Otakikpo field in …

As part of its commitment to supporting female entrepreneurs through inter-Africa trade, Wema Bank is extending the reach of women-led businesses with the NBC Trade Fair across Nigeria and beyond.Nigerian Politics Books The bank is now set to make a bold move with the Ghana edition, scheduled to hold on …

The Stanbic IBTC FUZE Talent Show 2025, themed “The Ultimate Show”, now in its fourth edition, promising more entertainment and inspiration for audiences across Nigeria. The show, which celebrates creativity in music, dance, fashion, and technology, will air weekly on Africa Magic Showcase (DStv 151) at 5 pm and AIT …

The Board of Stanbic IBTC Holdings PLC (the “Company”) is pleased to announce the appointment of Mr. Chukwuma (Chuma) Nwokocha as the substantive Group Chief Executive, with effect from 02 October 2025, following the receipt of all required regulatory approvals. Mr. Nwokocha’s appointment follows the completion of Dr Adekunle Adedeji’s …

The Nigerian private sector remained comfortably inside growth territory as the third quarter of the year came to an end. Further marked improvements in output and new orders were recorded, while the pace of job creation quickened to the fastest in almost two years. Companies were helped by the recent …

Leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASAN, Nigeria National Petroleum Company Ltd, NNPCL, Nigeria Midstream and Downstream Petroleum, NDMP, as well as the Nigeria Upstream Petroleum Regulatory Commission, NUPRC, have all been evading the service of the Court Order, restraining them from embarking on …

  As part of its commitment to supporting female entrepreneurs through inter-Africa trade, Wema Bank is extending the reach of women-led businesses with the NBC Trade Fair across Nigeria and beyond.   The bank is now set to make a bold move with the Ghana edition, scheduled to hold on …