Business

Stanbic IBTC Insurance has successfully met and been verified as compliant with the new minimum capital requirements introduced under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, marking a significant milestone in the company’s growth journey and reaffirming its position as one of Nigeria’s leading life insurance providers. The affirmation …

President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, has commended the Federal Government for implementing bold and transformative economic reforms that are repositioning Nigeria for sustainable growth, strengthening investor confidence, and accelerating the country’s economic recovery According to Dangote, the ongoing fiscal, monetary, and regulatory reforms have …

…Call for stronger support for indigenous manufacturers   Leading economists, financial experts and industry stakeholders have described the Dangote Group’s investments as major drivers of industrialisation and economic transformation across Nigeria and Africa, citing their impact on job creation, import substitution, foreign exchange conservation and economic competitiveness. The experts spoke …

Nigerian companies increased business activity at a much faster pace in August amid greater success in securing new orders. In turn, purchasing and employment also rose, although the pace of job creation was only muted. Meanwhile, inflationary pressures ticked higher. The headline figure derived from the survey is the Stanbic …

  Leading financial institution, Fidelity Bank Plc, is set to host the next edition of its Quarterly Business Forum on Wednesday, September 2, 2026, in Kano, bringing together business owners, entrepreneurs, industry leaders and key stakeholders to explore opportunities for business growth and sustainability across Northern Nigeria.   The Kano …

Stanbic IBTC Holdings, a member of Standard Bank Group, successfully hosted the 2026 edition of its Together4ALimb Walk recently. This year’s event attracted a significant turnout, with employees, beneficiaries, families, partners, and members of the public coming together for a commemorative awareness walk in the heart of Victoria Island, Lagos. …

The management of Dangote Petroleum Refinery and Petrochemicals (DPRP) has expressed concern over the continued issuance of petroleum product import licences despite the refinery’s proven capacity to meet and exceed Nigeria’s domestic Premium Motor Spirit (PMS) requirements. The refinery noted that while it remains fully committed to supporting Nigeria’s energy …

Zenith Bank Plc hosted the 10th edition of its International Trade Seminar on Non-Oil Export on Tuesday, 25 August 2026, marking a decade of sustained advocacy for the diversification of Nigeria’s economy. The virtual event brought together policymakers, regulators, exporters, manufacturers, investors and development partners from across Africa and beyond, …

The Dangote Petroleum Refinery has been identified as the key driver behind a seven-fold increase in Nigeria’s seaborne petroleum product exports since 2023, according to the latest report by the United States Energy Information Administration (EIA). The U.S. agency disclosed that Nigeria’s seaborne petroleum product shipments averaged 561,000 barrels per …

  Dangote Transport has taken another major step towards improving road safety with the launch of a state-of-the-art Driver Monitoring Control Room that allows drivers operating its trucks to be monitored in real time while on transit across Nigeria. The innovative facility, located at the Dangote Transport operational base in …