Business

…Twelve Banks Raised Over ₦2tn Ahead Recapitalization Deadline …SEC Approves 11 Merger & Acquisitions Worth Over ₦320.36bn Within a period of 16 months covering January 2024 and April 2025, the Securities and Exchange Commission approved the raising of N4.12tn by banks, insurance and other companies from the capital market. A …

Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, recently held its 13th Annual General Meeting (AGM), where it presented its audited financial statements for the year ended 31 December 2024. The AGM highlighted a year marked by strong financial growth, operational resilience, and continued execution of the …

Yes, this is not the first time Alhaji Abdulsamad Rabiu, has rewritten the narrative of suffering in Nigeria’s markets. Nor is it the first time BUA Group has acted as an economic powerhouse and moral compass in a nation frequently staggered by profiteering and policy paralysis. From rice to cement, …

Several media platforms have gone to town with the news of the Supreme Court ruling on a dispute between the defunct FSB International Bank and Sagecom Concepts Limited with some of them questioning the ability of Fidelity Bank (the judgement debtor) to make the payment. As the matter is still …

The effort by Lafarge Africa Plc to halt proceedings in the suit instituted against its plan to sell 83% of its shares to a foreign company in China has been rejected by the court. Justice Lewis Allagoa  of the Federal High Court in Ikoyi, Lagos, on Thursday rejected the motion …

  Fraud remains one of the most significant challenges facing the financial industry today. It spans various sectors, from banking to fintech, insurance, and capital markets, with ever-evolving tactics. This issue has been a repeated theme across most of the annual general meetings of banks attended over the last few …

  Telecommunications giant Airtel Nigeria says its newly launched solution, the Airtel Spam Alert Service, is designed to shield its subscribers from fraudulent and spam SMS The company stated that the service was developed as part of its ongoing commitment to user safety and digital security. In a statement on …

Trains 300 ‘My Own Business’ (MYOWBU) Operators in Lagos Nestlé Professional has reaffirmed its commitment to accelerating youth entrepreneurship, with a workshop in Lagos to upskill over 300 operators and attendants within its My Own Business (MYOWBU) program. MYOWBU is designed to empower young people across Central and West Africa …

IFC and Stanbic IBTC Bank, a subsidiary of Standard Bank Group, have structured an $80 million local currency facility to enable off-grid customers to access affordable solar solutions through Sun King in Nigeria. IFC contributed $50 million. The facility will allow Sun King to expand its pay-as-you-go solar financing, improving …

…donates electrical materials for electricity restoration It was jubilation galore in Yewa North Local Government Area of Ogun State following the donation of multi-million Naira electrical materials by Dangote Cement, Ibese plant to end over 3 years’ total blackout and get 21 communities affected by a prolonged power outage reconnected. …