bridging information and transformation
Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, has been awarded the Best Investment Bank in Nigeria 2025 at the Global Banking and Finance Awards, underscoring the institution’s dedication to delivering world-class investment banking solutions that foster sustainable growth and generate long-term value for clients throughout Nigeria and beyond. The Global Banking and Finance […]
United Bank for Africa (UBA) Plc, has launched the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its AI-powered chatbot, LEO, becoming the first financial institution to enable cross-border payments on a chatbot platform in Africa, enabling instant, seamless, and secure transactions in local currencies between African countries. Speaking at the launch […]
The Nigeria Deposit Insurance Corporation (NDIC) has announced the payment of N54.62 billion to 691,418 depositors of the defunct Heritage Bank, less than a year after the financial institution was closed. The NDIC also disclosed it had declared a liquidation dividend of 9.2 kobo per Naira for uninsured depositors of the bank. This was revealed […]
A faulty transformer at Egbin Power Plc has sparked a fire yesterday, causing a significant disruption to the electricity supply in parts of Lagos, the Transmission Company of Nigeria (TCN), has reported. TCN’s general manager, Public Affairs, Ndidi Mbah, who made this known said the incident originated from a faulty 33kV instrument transformer owned by […]
Oando Foundation has launched the Green Youth Upskilling Programme (GYUP) pilot, a workforce development initiative for young Nigerians in the renewable energy and waste management sectors. The launch also marks the formal introduction of the project implementing partner, Nigeria Climate Innovation Centre (NCIC), and technical training providers supporting the programme. The Green Youth Upskilling Programme […]
Fitch Ratings has downgraded Union Bank of Nigeria PLC’s (UBN) Viability Rating (VR) to ‘f’ from ‘ccc’, while affirming its Long-Term Issuer Default Rating (IDR) at ‘CCC’. It also affirmed the bank’s National Long-Term Rating at ‘B+(nga)’ with a Stable Outlook. The ‘f’ rating is the lowest possible VR and indicates the bank’s failure to […]
In its bid to pursue the delivery of affordable housing and promoting sustainable urban development, the federal ministry of housing and urban development is exploring partnership areas particularly in infrastructure development, with the Kuwait Fund for Arab Economic Development (KFAED). Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, expressed the readiness of the […]
The Nigerian Shippers’ Council (NSC), over the weekend, said the nation’s maritime sector is crucial to job creation, regional integration, industrial growth, and strengthening Nigeria’s global economic position. The Council’s executive secretary, Dr Pius Akutah, while speaking on the theme “Shipping and Maritime: The Backbone of International Trade,” at the 26th Annual General Meeting of […]
The Executive Secretary of the Nigerian Shippers Council (NSC), Dr Pius Akutah, said the shipping industry, especially in developing countries, must be driven by private investors. He disclosed this during a courtesy visit by a nineteen-member delegation from the United Republic of Tanzania to the NSC Headquarters in Lagos. According to him, the shipping business […]
The Kwara State governor, AbdulRahman AbdulRazaq has inspected the 49-kilometre Eiyenkorin–Afon– Ojoku–Offa–Odo-Otin road project under construction, commending the pace and quality of work done. The concrete road is one of the four major roads being funded in Kwara under the federal tax credit scheme at the instance of the BUA conglomerate. AbdulRazaq thanked President Bola […]