By Olatunde Dodondawa The removal of the fuel subsidy in Nigeria caused a sharp strengthening of price pressures in June. In turn, rates of expansion in output and new orders softened but remained marked nonetheless. Business confidence dipped to a near-record low. Intensifying inflationary pressures encouraged companies to expand inventories to try and get ahead of further[Read More…]
By Olatunde Dodondawa Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC has reaffirmed its unwavering commitment to securing a prosperous future for its customers. During the highly successful 2023 edition of the Annual Employers Forum, Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers emphasized this dedication[Read More…]
By Olatunde Dodondawa …Faster rises in output and new orders …Inflationary pressures remain elevated …Business confidence at a survey-record low Business conditions continued to improve markedly in the Nigerian private sector during November amid improving demand and higher customer numbers. In turn, firms expanded their purchasing activity and employment.[Read More…]
By Olatunde Dodondawa 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[Read More…]
By Olatunde Dodondawa How Stanbic IBTC’s Activities Drive Job Creation Stanbic IBTC continued to champion the job creation drive in Nigeria through initiatives such as its graduate trainee programme and various entrepreneurial programmes, which had created job opportunities for Nigerians. Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC commented[Read More…]
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