7 h. ago Stanbic IBTC Signs CNY800m Loan Partnership With China Development Bank

Stanbic IBTC Bank, has signed a three-year, CNY800 million term loan agreement with China Development Bank (CDB). This landmark facility, executed under the strategic collaboration framework between the  Standard Bank Group (SBG) and CDB, marks a significant milestone in deepening financial cooperation between Africa and China. The facility underscores Stanbic IBTC Bank’s direct access to […]

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28 h. ago Stanbic IBTC secures CNY800m term loan agreement with China Development Bank

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has successfully signed a 3-year, CNY800 million term loan agreement with read more Stanbic IBTC secures CNY800m term loan agreement with China Development Bank

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34 h. ago RMB Nigeria leads N148bn Stanbic IBTC rights issue amid recapitalization push

Rand Merchant Bank Nigeria Limited (RMB) acted as the lead issuing house on Stanbic IBTC Holdings Plc’s N148 billion rights read more RMB Nigeria leads N148bn Stanbic IBTC rights issue amid recapitalization push

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5 d. ago IFC, AfDB partner EbonyLife to support African film industry

The International Finance Corporation (IFC) and the African Development Bank (AfDB) have partnered with EbonyLife Media to strengthen Africa’s film read more IFC, AfDB partner EbonyLife to support African film industry

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6 d. ago Stanbic IBTC advises Tolaram on successful Mandatory Takeover Offer to Guinness minority shareholders

Stanbic IBTC Capital, a leading investment banking and capital markets solutions provider, acted as sole financial adviser to Tolaram (acting read more Stanbic IBTC advises Tolaram on successful Mandatory Takeover Offer to Guinness minority shareholders

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6 d. ago Recapitalisation drive triggers N783bn fund hunt in banking sector

…Mergers, investor talks intensify By Chinwendu Obienyi The capital shortfall facing Nigerian commercial banks has narrowed to N783.4 billion. This follows the successful recapitalisation of Stanbic IBTC Holdings, which has deepened investor confidence and sparked renewed speculation about possible mergers and acquisitions ahead of the Central Bank of Nigeria’s (CBN) 2026 deadline. Daily Sun, on […] The post Recapitalisation drive triggers N783bn fund hunt in banking sector appeared first on The Sun Nigeria.

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7 d. ago UBA’s Business Series returns with focus on collaboration for MSME growth

United Bank for Africa (UBA) is reaffirming its commitment to business development and financial inclusion as it hosts the second read more UBA’s Business Series returns with focus on collaboration for MSME growth

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7 d. ago Kaduna govt partners UN, UK, World Bank to rebuild education system

Tribune Online Kaduna govt partners UN, UK, World Bank to rebuild education system The Kaduna State Government is set to host a high-level international education summit, EduPACT 2025, from July 9 to 11, which will bring together global development partners, government agencies... Kaduna govt partners UN, UK, World Bank to rebuild education system Tribune Online

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1 week ago FUZE by Stanbic IBTC returns with N90m in prizes, bold new vision

Another wave of innovation, creativity, and youth expression is set to unfold, as Stanbic IBTC Holdings, a member of Standard read more FUZE by Stanbic IBTC returns with N90m in prizes, bold new vision

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1 week ago Exchange rate gap narrows on rising forex inflows, CBN policies

•How rising FX inflows support exchange rate stability, narrowing gap between official, parallel market rates By Michael Nwadike The gap between official and parallel market rates narrowed to N34/$ as average monthly FX inflows hit $5.95 billion. The development is fuelled by key policies being implemented by the Central Bank of Nigeria (CBN) to support […] The post Exchange rate gap narrows on rising forex inflows, CBN policies appeared first on The Sun Nigeria.

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1 week ago Over 11,000 govt projects abandoned between 1971–2011 — Tinubu’s aide

Tribune Online Over 11,000 govt projects abandoned between 1971–2011 — Tinubu’s aide Nigeria’s push for industrial development has been tragically undermined by decades of systemic failure, institutional decay, and the abandonment of over 11,000 government projects between 1971 and 2011, according to Professor Banji Oyelaran-Oyeyinka, Senior Special Adviser to the President on Industrialisation at the African Development Bank (AfDB). Delivering a keynote address at the 55th Anniversary […] Over 11,000 govt projects abandoned between 1971–2011 — Tinubu’s aide Tribune Online

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1 week ago Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report

By Chinwendu Obienyi Nigeria’s economy is expected to grow by as much as 4.2 per cent by the end of the year, buoyed by improved crude oil production, stronger business sentiment, and a gradual recovery from the economic shocks triggered by recent reforms, the latest report from Stanbic IBTC Bank revealed on Wednesday. The estimate […] The post Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report appeared first on The Sun Nigeria.

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2 w. ago $150m Murabaha facility earns ITFC best deals of 2025 recognition

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has been recognised with read more $150m Murabaha facility earns ITFC best deals of 2025 recognition

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2 w. ago Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

Keystone Bank Limited has reaffirmed its commitment to entrepreneurial development as the lender recently held a nationwide SME Business Clinic across 10 major Nigerian cities. A statement by the bank said the initiative was in celebration of the United Nations’ World Small and Medium Enterprises (SME) Day 2025 themed “Empowering SMEs for Growth and Sustainability.” […]

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2 w. ago Keystone Bank empowers Nigerian entrepreneurs with SME Business Clinic

Keystone Bank Limited has reaffirmed its commitment to entrepreneurial development as the lender recently held a nationwide SME Business Clinic read more Keystone Bank empowers Nigerian entrepreneurs with SME Business Clinic

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2 w. ago SDGs: $31.5bn Annual Development Funding Gap Threatens 2030 Timeline

Nigeria’s ambition to achieve the Sustainable Development Goals (SDGs) by 2030 is threatened by the staggering $31.5 billion annual development financing gap, according to the latest African Development Bank (AfDB) 2025 Country Focus Report (CFR). The report, titled “Making Nigeria’s Capital Work Better for Its Development,” warns that unless this shortfall is addressed, critical investments […]

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2 w. ago FOCAC: China stands ready to work with Nigeria to advance Ten Partnership Actions

From Aidoghie Paulinus, Abuja The Chinese Ambassador to Nigeria, Yu Dunhai, has expressed China’s readiness to work hand in hand with Nigeria to jointly advance the Ten Partnership Actions for China-Africa cooperation. This was even as the Chinese envoy also expressed China’s readiness to negotiate an Economic Partnership Agreement for Common Development with Nigeria as […] The post FOCAC: China stands ready to work with Nigeria to advance Ten Partnership Actions appeared first on The Sun Nigeria.

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2 w. ago Tinubu Confers GCON Honor On Outgoing Afreximbank Boss Oramah

President Bola Tinubu has conferred one of Nigeria’s highest honors, Grand Commander of the Order of Niger (GCON) on the outgoing President of African Export-Import Bank (Afreximbank), Professor Benedict Oramah, for his outstanding contributions to the development of Nigeria and African region. President Tinubu conferred the honour on Oramah on Friday at the 32nd Afreximbank […]

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2 w. ago US council honours AfDB’s Adesina with Distinguished Economic Leader Award

Tribune Online US council honours AfDB’s Adesina with Distinguished Economic Leader Award The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has been honoured with the 2025 Distinguished Economic Leader Award by... US council honours AfDB’s Adesina with Distinguished Economic Leader Award Tribune Online

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2 w. ago AFDB cuts Nigeria’s growth projection to 3.2% on uncertainty

Peter Enogb, principal country economist, African Development Bank (AFDB), has said that the rise in global uncertainty, emanating from increases read more AFDB cuts Nigeria’s growth projection to 3.2% on uncertainty

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