Business

The Lagos Division of the Federal High Court has ordered the freezing of accounts linked to Western Metal Products Company (WEMPCO) Limited across 27 commercial banks and fintech firms over an alleged ₦61.45 billion debt owed to United Bank for Africa (UBA). In a ruling delivered on April 2, Justice …

  …Expansion Project to Strengthen Nigeria’s Position as a Major Cement Export Hub   Dangote Industries Limited and Sinoma International Engineering Co., Ltd. have signed a landmark Memorandum of Understanding (MOU) valued over $800 million for the expansion of the Dangote Cement Plant in Itori, Ogun State, increasing its production …

As MSMEs across the South-East seek opportunities for growth, market expansion and cross-border trade, Stanbic IBTC, in partnership with the Anambra State Government, convened the Nigeria Business Summit Regional Tour in Onitsha to equip businesses with practical solutions for sustainable growth. The summit, organised in collaboration with the Anambra State Ministry of …

By Adesegun Adeshi Gbenga Nigerian banks have moved swiftly to contain the effects of a sophisticated global cyber campaign sweeping across sectors and continents, with industry sources assuring the public that the nation’s financial system remains strong, resilient and secure. The campaign, described by analysts as one of the most …

Growth was maintained in the Nigerian private sector during July as firms again signalled a marked increase in new orders during the month. In turn, output and employment also rose, albeit modestly. Meanwhile, inflationary pressures softened. The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI®). Readings …

Stanbic IBTC recently celebrated 30 years of providing custody services in Nigeria with a Closing Gong ceremony at The Nigerian Exchange Limited (NGX). The milestone reflects the institution’s longstanding contribution to investor confidence and the continued development of Nigeria’s capital market. In his opening remarks, Jude Chiemeka, Chief Executive Officer, …

Beyond Philanthropy: How Fidelity Bank, Airtel Nigeria and Leadway Assurance Won Nigeria’s Q2 2026 CSR & ESG Media Conversation Fidelity Bank, Airtel Nigeria and Leadway Assurance lead their respective sectors, as new data shows only 12 of 46 brands tracked generated measurable CSR/ESG media visibility in Q2 2026 P+ Measurement …

Zenith Bank Plc has spent 2026 collecting the kind of hardware that separates a good regional lender from a genuine African champion. Fresh off a sweep of Euromoney’s most coveted awards, a completed acquisition in Kenya, a newly opened subsidiary in Francophone West Africa, and plans for a London Stock …

Stanbic IBTC, a member of Standard Bank Group, was named winner in four categories at the Euromoney Awards for Excellence 2026: Best Bank for Sustainable Finance, Best Bank for Consumer Lending, Best Bank for Mortgages/Home Loans and Best Bank for Securities Services. The Euromoney Awards for Excellence include categories across …

MILO, a leading malt and cocoa beverage in Nigeria, has launched the MILO Text & Win Promotion, a nationwide consumer campaign designed to reward loyal consumers with exciting prizes while celebrating the trust they have continued to place in the brand. Running from July to September 2026, the promotion gives …