Business conditions in Nigeria’s private sector improved modestly midway through the third quarter, but the rate of growth slowed to a six-month low. Softer upticks in output, new orders and employment contrasted with quicker expansions in held inventories as firms seek to take advantage of faster lead times, and protect against any future supply shocks.…
The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech company, Bitt Inc., as the Technical Partner for its digital currency, named eNaira, which is due to be unveiled later in the year. This development was disclosed in Abuja by the Governor of the Central Bank, Mr. Godwin Emefiele, who…
The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate, has today announced the appointment of Oliver Andrews to the Board, as an Independent Non-Executive Director. Oliver Andrews brings over 35 years of experience in infrastructure development, public-private partnerships and strategic advisory working with regional and international institutions, international corporations and DFIs.…
Stanbic IBTC Stockbrokers, a subsidiary of Stanbic IBTC Holdings PLC, and Nigeria’s largest stockbroking firm with a market share of over 10 per cent of the value of shares traded on the floor of the Nigerian Exchange Limited has removed the minimum stockbroking account-opening balance for individuals to allow zero set up amount via its…
Paralex Logistics Limited, an information and communication technology (ICT) managed logistics company, is set to launch its mobile app platform which encompasses its service portfolio to businesses and individuals across the country and beyond for optimal satisfaction and gains. The web base is already launched while the app introduction is slated for the 7th of…
As part of its ongoing Automate and Collaborate campaign, Crown Interactive has announced its “Innovate Smart” grant to Nigerian manufacturers, distributors of fast-moving consumer goods and suppliers of raw materials. It is offering its CICOD Supply Chain Software at no charge for 1 year to 20 companies in the Nigerian market that meet specified criteria.…
Determined to foster gender parity and sustain its reputation as a gender-friendly organisation, Stanbic IBTC Holdings PLC continued to ensure that every female employee has equal opportunities for career growth within the group. There have been gales of promotions of deserving female employees to senior executive positions, which was perhaps unprecedented in the financial services…
As part of its commitment to help stimulate and grow a solid and active small and medium scale enterprises sector in Nigeria, Stanbic IBTC established the SME Capacity Building series, which has trained about 3,000 entrepreneurs in the country. To further strengthen the initiative, the Bank, in 2019, entered a partnership with the Enterprise Development…
Accolades have continued to pour in for Stanbic IBTC in recognition of the organisation’s outstanding performance across various facets of Nigeria’s financial industry and its contribution to the development of the Nigerian economy. The most recent was the emergence of Stanbic IBTC Bank PLC as the Best Sub-Custodian Bank in Nigeria at the 2021 edition…
Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has rolled out robust products, known as Acada School Portal Solution with the aim of adding value to the different levels in the educational sector; whilst making a new entrant into the financial sector with the unveiling of the Alumni Banking Service. The two products Acada…