Business

BY BLAISE UDUNZE For over a decade, the Nigerian government and its financial institutions have launched a flurry of intervention funds, all with the promise to empower industries, revive the manufacturing sector, and lift millions of micro, small, and medium enterprises (MSMEs) out of financial drought. From agriculture to aviation, …

First City Monument Bank (FCMB) has been named one of the Participating Financial Institutions (PFIs) for the newly remodelled Community Contractors Finance Scheme, a ₦15 billion initiative by the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with the Bank of Industry (BoI). The scheme aims to close the …

  SIFAX Shipping Inland Container Terminal (ICT) Limited, a subsidiary of SIFAX Group, has celebrated its fifth anniversary, marking five years of transformation, innovation, and customer-focused excellence. At an event held at the company’s Lagos terminal, management, staff, and partners reflected on the journey that began in 2020 when the …

No fewer than 578 young entrepreneurs across Nigeria have benefitted from Unity Bank’s Corpreneurship Challenge — the Bank’s flagship entrepreneurial development initiative launched a few years ago. Over this period, the Bank has invested in supporting budding entrepreneurs across multiple sectors to start businesses, create jobs, and contribute to Nigeria’s …

  In a strategic move to advance Nigeria’s shift toward sustainable transportation, Stanbic IBTC Bank has announced a partnership with LOXEA Nigeria, the exclusive distributor of BYD electric and hybrid vehicles in Nigeria and a subsidiary of CFAO Mobility. This collaboration is aimed at making eco-friendly mobility more accessible to …

Africa’s leading industrialist, Aliko Dangote has made a passionate plea to the Federal Government to urgently legislate and implement the proposed “Nigeria First” Policy, describing it as a critical lever for revitalizing the nation’s manufacturing sector. The legislation, according to him, holds the keys to accelerating the nation’s economic growth …

Stanbic IBTC Holdings has completed the renovation and upgrade of Chwelnyap Primary School in Plateau State under its Adopt-A-School initiative, reaffirming its unwavering commitment to advancing educational excellence across Nigeria. The extensive renovation and infrastructure enhancement project underscores the institution’s belief in the transformative power of education as a key …

Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to reinforce its role in shaping the continent’s financial ecosystem with the launch of its landmark whitepaper. The whitepaper, titled “Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth,” will be unveiled on the sidelines of the …

  Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) announces completion of its second tranche of N50billion capital raise. • N50billion Special placement subscribed by 100% • Total Qualifying Capital now N264billion; above N200bn threshold • Bank further surpasses regulatory requirements for Commercial Bank with National Authorization Wema …

  Zenith Bank Plc’s Founder and Chairman, Dr. Jim Ovia, CFR, accompanied by the bank’s Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, on Tuesday, October 14, 2025, carried out the prestigious closing gong ceremony at the Nigerian Exchange (NGX), marking a significant milestone in the bank’s continued partnership with …