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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, …

…Reaffirms Commitment to Nigeria’s Progress, Workers’ Welfare Dangote Petroleum Refinery has expressed profound appreciation to President Bola Ahmed Tinubu for his timely intervention in averting what it described as “the disruptive actions of PENGASSAN” against the company. The company in a statement said the President’s leadership, through his ministers and …

  In commemoration of International Coffee Day and Nigeria’s 65th Independence Anniversary, NESCAFÉ executed a large-scale activation, serving 65,000 cups of coffee to consumers nationwide to mark the dual occasion. The initiative spanned 25 cities, including Lagos, Abuja, Kano, Port Harcourt, Ibadan, Enugu, Jos, Nasarawa, Minna, Kaduna, Bauchi, Owerri, Onitsha, …

SIFAX Group and its leadership have demonstrated excellence with a triple sweep at the prestigious Marketing Edge Awards 2025, where the company, its Chairman, Dr. Taiwo Afolabi, and its Group Head of Corporate Communications, Olumuyiwa Akande, were all honoured with top recognitions. At the high-profile ceremony held at the Lagos …

In an era where digital interactions drive everyday banking, the security of financial transactions has become paramount. Stanbic IBTC Bank’s Mobile App 3.0 establishes a new standard for secure digital banking through a meticulously designed, multi-layered security architecture. Each customer interaction is guarded by a suite of advanced security measures, …

It is a sobering reality that one South African bank, Standard Bank Group, has a market capitalisation of roughly ZAR 384.34 billion (about $21-22 billion), while the entire Nigerian banking sector combined cannot match it. For a nation of more than 200 million people, with an economy that should be …

  A fresh legal action has been instituted before the Federal High Court in Abuja, seeking to stop former President Goodluck Jonathan from contesting the 2027 presidential election. The suit, filed by a lawyer, Johnmary Chukwukasi Jideobi, is praying the court to issue an order of perpetual injunction restraining Jonathan …

  Overview of Financial Performance As of June 30, 2025, Stanbic IBTC Holdings PLC showcased remarkable financial resilience and growth, despite operating within a highly competitive and regulated Nigerian financial services sector. The company’s interim financial statements highlight a strong upward trajectory across various key metrics, emphasizing the success of …

29-year-old Ayomide Lamidi, a Loan Officer with First City Monument Bank (FCMB) Microfinance, was arrested on suspicion of stealing N11.6 million from the bank, on Thursday in the Ogudu Magistrates’ Court in Lagos. As part of its Commercial and Retail Banking group, FCMB owns and runs the FCMB Microfinance Bank …