Business

  The management of Dangote Petroleum Refinery has vehemently denied reports that it is importing dirty and high-sulfur finished petrol (PMS) into Nigeria, describing the reports as false, malicious, and misleading. The Management, in a statement, revealed that it processes a range of crude oils and intermediate feedstocks, which is …

Stanbic IBTC Bank has taken a significant step in empowering stakeholders by hosting a strategic client forum focused on Nigeria’s economic trajectory. The event, themed “Beyond the Numbers: Unpacking Nigeria’s Economic Trajectory – 2025 and Beyond,” brought together key stakeholders to discuss the country’s economic future and the role of …

  Tier one Lender, Fidelity Bank Plc, has announced its readiness to begin the disbursement of funds under the National Credit Guarantee Company (NCGC) N5 billion Credit Intervention Scheme. The initiative is designed to expand access to finance for Micro, Small and Medium Enterprises (MSMEs), as well as businesses owned …

  By Abiodun Alade Nigeria, it has often been said, is a land where paradox has become a way of life. Here is a nation that pumps millions of barrels of crude oil from its bowels each day yet has spent decades importing the fuel that drives its battered Danfos, …

  Stanbic IBTC Bank recently hosted the Nigeria-South Africa Chamber of Commerce’s September Breakfast Forum in Lagos, focusing on the potential of the mining sector in Africa. Themed “Unlocking Africa’s Hidden Wealth: Mining as a Catalyst for Bilateral Investment,” the event gathered industry leaders and investors to discuss economic opportunities …

Leading Marketing Communications Group, Verdant Zeal Group Limited, is set to host the 13th edition of its flagship ‘Innovention Series’ with the theme, “Fintech & Inclusion: Pushing the Boundaries for Economic Growth in Nigeria”. Scheduled for Tuesday, October 28, 2025, the event which will hold virtually, is billed to foster …

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has announced a remarkable rebound in its operations, which has resulted in the facilitation of over ₦70 billion in commercial financing for agribusiness as at Q3 2025, its strongest annual performance since inception. In operation since 2013, this result …

In Nigeria’s cutthroat fintech space, one payments platform is carving out a difference by doing more than just moving money; it is building customizable sector-driven solutions. Stanbic IBTC’s Zest is rapidly emerging as the preferred payments partner for businesses that demand far more than basic transaction services. Traditional banks bring stability, and …

The Federal Government on Monday berated the Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN) for holding the whole country to ransom over a minor labour dispute, that would have been amicably settled. The government said the $20 billion Dangote Petroleum Refinery is a national asset that must …

In September 2025, businesses in Nigeria sustained a positive trajectory, with the Current Business Performance remaining in the expansion region since December 2024. The NESG–Stanbic IBTC Business Confidence Monitor (BCM) reported a marginal rise to 107.9 points, up from 107.3 in August 2025. This improvement reflects a combination of sectoral dynamics, …