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Stanbic IBTC's AAA(nga) Rating, Unbroken for a Decade, Reaffirmed by Fitch
Stanbic IBTC's AAA(nga) Rating, Unbroken for a Decade, Reaffirmed by Fitch Stanbic IBTC has been reaffirmed at 'AAA (nga)' by Fitch Ratings, giving clients, and investors continued assurance in its financial strength and the way it is run. The affirmation extends Stanbic IBTC's place at the top of Nigeria's National Long-Term Rating scale for over a decade. That span of decade included a naira devaluation, a sharp rise in interest rates and a central bank-mandated recapitalisation exercise for Nigerian banks, each a genuine…
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FG, Lagos State Government Synergize to Deliver 24/7 Power as Energy Zones Kicks Off
FG, Lagos State Government Synergize to Deliver 24/7 Power as Energy Zones Kicks Off In a move to end the blackouts that have long weighed on households, businesses and industry, the Federal Government and Lagos State have agreed to work in synergy to deliver stable, reliable electricity to the Lagos corridor, as part of the 24/7 Energy Zones pilot approved by President Bola Tinubu. The agreement followed a high-level technical session at the Lagos House, Marina, between the Minister of Power, Joseph Tegbe, and the leadership of the Ministr…
Nigeria’s SMEs: Resilient, Essential and in need of the Right Partners
Nigeria’s SMEs: Resilient, Essential and in need of the Right Partners By Aderonke Oluwadare Nigeria’s micro, small and medium sized enterprises remain central to the country’s economic growth, employment and household incomes. According to the NBS and SMEDAN MSME 2021 survey, as cited in PwC Nigeria’s MSME Survey 2024, MSMEs account for 96.9 per cent of businesses, 87.9 per cent of employment, 46.32 per cent of gross domestic product and 6.21 per cent of exports. These figures underline the importance of Nigerian SMEs to job creation, inn…
NCC to Leverage DBI's ITU Recognition to Advance Digital Literacy
NCC to Leverage DBI's ITU Recognition to Advance Digital Literacy L-R : David Daser, President/CEO, Digital Bridge Institute, Nigeria; Robyn Fysh, Senior Digital Skills Officer, International Telecommunications Union (ITU) Headquarters, Geneva; and Engr. Babagana Digima, Director, Research and Development, Nigerian Communications Commission during a courtesy visit at the Commission’s headquarters on 30th September, 2026. The Nigerian Communications Commission (NCC) says it will leverage the Digital Bridge Institute’s (DBI) designation …
Stanbic IBTC Bank Nigeria PMI® Strongest growth of output since February 2022
Stanbic IBTC Bank Nigeria PMI® Strongest growth of output since February 2022 September data signalled strengthening growth momentum in Nigeria's private sector as a rapid rise in new orders spurred the fastest increase in business activity since February 2022. With workloads rising, companies ramped up purchasing activity and took on extra staff, although employment rose only modestly. Meanwhile, inflationary pressures were also marked, with companies increasing their selling prices at the fastest pace in three months in response to highe…
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Free Daily Data for Learners: NCC, ALTON Roll Out Zero Rated Access to Educational Platforms October 1.
Free Daily Data for Learners: NCC, ALTON Roll Out Zero Rated Access to Educational Platforms October 1. The Nigerian Communications Commission (NCC), in collaboration with the Association of Licensed Telecommunications Operators of Nigeria (ALTON), will on October 1, 2026, roll out the Zero Rated Data Access to Approved Educational Platforms and Content Initiative. The programme supports the Commission’s mandate to promote modern, universal, efficient, reliable, affordable, and accessible communications services across Nigeria. Under the …
Rite Foods Donates 600 Protective Coveralls, Working Tools to Ogun Waste Management Workers
Rite Foods Donates 600 Protective Coveralls, Working Tools to Ogun Waste Management Workers …Reinforces commitment to environmental sustainability and zero-waste-to-landfill goal Rite Foods Limited, a leading Nigerian food and beverage company, has donated 600 protective coveralls and other waste management tools to workers of the Ogun State Waste Management Authority (OGWAMA), in recognition of their critical role in keeping communities clean and healthy. The initiative, undertaken to commemorate World Cleanup Day 2026, themed “From Clean…
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