Business

By A.Ezekiel   In a world where approximately 20% of new businesses fail within the first two years, 45% within five years, 65% within ten years, and only 25% make it to 15 years or more (according to the US Bureau of Statistics), any business that has crossed 15 years …

Dangote Petroleum Refinery & Petrochemicals has slashed the price of Premium Motor Spirit (PMS), or petrol, for the second time this month. It has cut N65 off the previous price of N890, bringing it down to N825 per litre at the gantry (ex-depot). This follows a N60 reduction on February …

    As part of its ongoing efforts to enhance the quality of life for households and empower women in underserved communities, GTCO PLC at the weekend launched its Waste for Gas initiative which saw over 3,000 residents of Obafemi Owode Local Government Area of Ogun State, receive a unit …

In a significant boost to education in Abia State, Stanbic IBTC has unveiled an extensive renovation of Ibeku High School in Umuahia, marking another milestone in its nationwide Adopt-A-School initiative. The transformative project demonstrates the financial institution’s ongoing commitment to revolutionising educational facilities across Nigeria. The comprehensive upgrade has transformed …

The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has said it would dialogue with Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the outstanding payments of N100 billion bridging claims to its members rather than shutting down operations. Dr Joseph Obele, National Public Relations Officer (PRO), PETROAN said …

  In a significant move to streamline pension management and enhance customer experience, Stanbic IBTC Pension Managers, a prominent Pension Fund Administration firm, has announced the relaunch of its comprehensive suite of self-service options through an informative webinar session recently conducted. This forms part of the company’s ongoing efforts to …

Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of customer …

Stanbic IBTC Bank’s Corporate and Investment Banking (CIB) division is set to hold an innovative Gas and Infrastructure conference aimed at bringing key stakeholders from the energy and infrastructure sectors together. The conference, scheduled to hold on Tuesday, 25 February 2025, will focus on the theme: Driving Gas and Infrastructure Opportunities …

Digital solutions company, Globacom, has deepened its nationwide network upgrade in its bid to ensure excellent service delivery to its millions of customers. Globacom disclosed that  the current phase of network upgrade which was launched  last year involves nationwide rollout of new base transceiver stations  and upgrade of existing ones to …

Fidelity Bank Plc is making impressive strides on its path to fulfilling the recapitalization targets set by the Central Bank of Nigeria (CBN). With a successful first phase of its capital-raising initiative that recorded over 238% over subscription and share price growth of over 100% evidencing a huge surge in …