Business

  February PMI data indicated that cash shortages across the Nigerian economy had a severe impact on the private sector midway through the first quarter of the year. Substantial declines were seen in both output and new orders, while firms scaled back their purchasing activity and employment. Companies were also …

Leading Pan-African Cement manufacturer, Dangote Cement Plc has expressed commitment to maintaining its partnership with host communities and relevant stakeholders to create enabling environment for sustainable peace and mutual growth of communities within its areas of operations. Plant Director, Dangote Cement, Ibese Plant, Mr. Hazard Nawabuddin who gave the assurance, …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has announced its readiness for seamless financial transactions as the cashless policy by the Central Bank of Nigeria (CBN) takes effect. The Central Bank of Nigeria recently released a new policy on cash-based transactions that attracts a cash handling charge for …

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC Holdings Plc, has announced its upcoming trade export webinar, themed “Getting Your Business Export Ready.” The virtual event is designed to empower exportation business owners and entrepreneurs with the skills, knowledge, and strategies they need to succeed in the export trade sector. Recent data …

Dubai, UAE, 22 February 2023: Emirates has recycled more than 500,000 kilograms of plastic and glass over the course of 2022, by collecting discarded bottles onboard for repurposing. 500,000 kilograms is almost the same weight as a fully loaded Emirates flagship A380 aircraft. Onboard every flight that lands in Dubai, Emirates …

Wema Bank, Nigeria’s most innovative bank, is preparing to celebrate International Women’s Day 2023. The bank aims to honor women and provide them with opportunities to achieve success in their personal and professional lives. The celebration will be held on March 8, 2023, in Lagos. This year’s global theme, “Embrace …

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC Holdings Plc has continued to reward its customers for their commitment to saving. In its January edition of the Reward4Saving Promo Season Two, the Bank rewarded 70 more customers with cash prizes for meeting the required savings milestones. With ten people …

Harsh, Extremely difficult, Gut-wrenching. These are not very palatable words to read at the beginning of an article, especially early in a new year. But maybe they aptly describe the economic situation and life in general that a special group in Nigeria is experiencing at the moment. If economic conditions …

Lagos, Nigeria, February 18, 2023: A Chief Magistrate Court sitting in Ikeja , Lagos has vacated its ruling that convicted and sentenced the Managing Director and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of Four Hundred Thousand Naira respectively for contempt. The Chief …

Pamela Shodipo Fidelity Bank Plc has announced the appointment of Pamela Shodipo as executive director of its south directorate, after regulatory approval by the Central Bank of Nigeria (CBN). The bank which announced the appointment in a statement, said Shodipo joined the board of Fidelity Bank with over 25 years …