Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, completed the first outbound and inbound transaction on the Pan-African Payment and Settlement System (PAPSS) platform in Nigeria. PAPSS, the centralised Financial Market Infrastructure (FMI) that supports payment arrangements with the objective of expanding pan-African trade and driving African Central Bank’s economic and financial integration…
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Sanwo-Olu Mulls Health Insurance Cover For Theatre Practitioners
Lagos State Governor, Mr. Babajide Sanwo-Olu has announced plans to institute a health insurance scheme for theatre practitioners in the State. Sanwo-Olu announced the health insurance scheme during a dinner with veterans in the Yoruba Nollywood industry at the Lagos House Marina on Monday night. The announcement Sanwo-Olu was commended by the Nollywood actors and…
Lagos Set To Construct New Airport On Lekki Axis
The Lagos State Government has declared its readiness to construct a new airport on the Lekki axis of the State. The Special Adviser Governor on Public Private Partnerships (PPP), Mr. Ope George disclosed this while speaking at a media parley organised by the State Government held at Alausa, Ikeja on Thursday. He revealed that Governor…
MAN Condemns Invasion of Dangote Cement Plant by Kogi State Govt.
The Manufacturers Association of Nigeria (MAN) has strongly condemned the invasion of Dangote Cement Plant on Wednesday by the state’s security outfit, the Vigilantes, on the order of the State Governor Yahaya Bello, noting that such action will discourage new investments in the State. The president, MAN, Engr. Mansur Ahmed, at a press conference to…
Stanbic IBTC Bank Nigeria PMI®: Output Growth Quickens To Five-Month High
The end of the third quarter of 2022 saw growth gather momentum in the Nigerian private sector. Sharper rises in output and new orders were recorded, while there were emerging signs of capacity pressures. Cost inflation remained elevated, in large part due to currency weakness, while business confidence waned. The headline figure derived from the…
Fashion is Coming! Experience Africa’s Finest Fashion at the 2022 GTCO Fashion Weekend
Fashion and style enthusiasts around the world can once again look forward to experiencing unparalleled fashion moments at the 2022 Guaranty Trust (GTCO) Fashion Weekend scheduled to hold on November 12th and 13th, 2022, at the GTCentre, Plot 1, Water Corporation Drive, Oniru, Lagos. Guaranty Trust Fashion Weekend is a free business platform that combines…
AFCFTA: Dangote To Bolster Africa’s Earnings
As the African Continental Free Trade Area (AFCFTA) implementation commences, experts say the continent is in a privileged position considering the Dangote Group’s huge international investment portfolio. Pundits say Dangote Group has positioned its subsidiaries as multinational conglomerates which have continued to play a pivotal role in the industrialization of Africa. The multi-billion naira Dangote…
BUKKA HUT: Real Cause of Laolu Martins’ Death Revealed, Company Clarifies Leadership Position
The cause of death of Laolu Martins, a minority stakeholder in the popular Lagos eatery, Bukka Hut, has been revealed. A source close to the family revealed that the late consummate banker did not commit suicide as claimed by some media reports, but died as a result of a heart attack. Martins’ death had hit…
Emirates Takes Home Three Honours At the Skytrax World Airline Awards 2022
Emirates has taken home three awards at the Skytrax World Airline Awards 2022, including World’s Best Economy Class, World’s Best Economy Class Catering, and for the 17th consecutive time, World’s Best Inflight Entertainment. The awards are a testament to the airline’s commitment to offer the very best customer experience in the sky, where travellers in…
Sterling Positions for Expansion with New Structure
With the unanimous support received from her shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand her financial services footprint from traditional banking and deliver more value to her shareholders. According to the publicly available filings reviewed from the website of the Nigerian Exchange Limited (NGX), upon…