Business

The Board of Stanbic IBTC Holdings PLC (the “Company”) is pleased to announce the appointment of Mr. Chukwuma (Chuma) Nwokocha as the substantive Group Chief Executive, with effect from 02 October 2025, following the receipt of all required regulatory approvals. Mr. Nwokocha’s appointment follows the completion of Dr Adekunle Adedeji’s …

The Nigerian private sector remained comfortably inside growth territory as the third quarter of the year came to an end. Further marked improvements in output and new orders were recorded, while the pace of job creation quickened to the fastest in almost two years. Companies were helped by the recent …

Leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASAN, Nigeria National Petroleum Company Ltd, NNPCL, Nigeria Midstream and Downstream Petroleum, NDMP, as well as the Nigeria Upstream Petroleum Regulatory Commission, NUPRC, have all been evading the service of the Court Order, restraining them from embarking on …

  As part of its commitment to supporting female entrepreneurs through inter-Africa trade, Wema Bank is extending the reach of women-led businesses with the NBC Trade Fair across Nigeria and beyond.   The bank is now set to make a bold move with the Ghana edition, scheduled to hold on …

The National Insurance Commission (NAICOM) has ruled out the reappointment of the sacked directors of African Alliance Insurance Company to the board of the firm or to any other board within the insurance industry. This was disclosed by the Commissioner for Insurance, Olusegun Omosehin, during a question-and-answer session at the …

Dangote Petroleum Refinery has accused the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Trade Union Congress (TUC) of prioritising union dues and personal interests over workers’ welfare, following fresh calls by the unions for industrial action. In a strongly worded statement issued on Monday, the …

  Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings has launched the Manifold Endowment Plan, an innovative blend of insurance and investment designed for Nigerians who want to protect what matters, grow their wealth, and enjoy peace of mind. With life cover up to ₦1 billion, partial maturity payouts, …

The National Industrial Court sitting in Abuja has today (Monday) issued an interim order stopping the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) from continuing with its nationwide industrial action against the Dangote Petroleum Refinery and Petrochemicals FZE. Justice Emmanuel Sublim, presiding over the matter, granted the …

  Stanbic IBTC Holdings Sustainable Finance Summit 2.0, held in partnership with the Lagos Business School Sustainability Centre (LBSSC), concluded with unprecedented success, establishing new benchmarks for sustainable finance discourse and innovation in Nigeria and across Africa to tackle climate challenges. The hybrid summit, themed “Financing Resilience: Digital Innovation and …

  In a shocking turn of events, Lotus Bank, a recently established financial institution in Nigeria, has found itself at the center of a devastating security breach. Hackers have reportedly infiltrated the bank’s core banking application, siphoning off tens of millions of naira and leaving customers in a state of …