Stanbic IBTC Rejigs Team to Fortify Market Leadership Position

By Adedapo Adesanya The Institute of Food Technologists (IFT), a nonprofit scientific organisation committed to advancing the science of food and its application across the global food system, has announced Mr Sean Leighton as the new Board President. Mr Leighton, the global vice president of food safety, quality, and regulator at Cargill, succeeds Mr Christopher Downs at the helm of the affairs of the organisation.  A member of IFT since 1999, where he was a participant in the IFT Student Association (IFTSA) product development competition, Mr Leighton has served in several volunteer roles as a presenter, panellist, podcast thought leader,

By Aduragbemi Omiyale An economist and public affairs analyst, Mr Tope Fasua, has been appointed by President Bola Tinubu as a Special Adviser on Economic Affairs. Mr Fasua, a former presidential candidate and consultant would work in the Office of the Vice President, he disclosed in a message on his official X platform. “So, yours truly has been appointed Special Adviser to the President on Economic Affairs in the VP’s office; just what I wanted for national impact. “We thank God Almighty and those who remembered me and insisted. For God and country,” Mr Fasua, who is also an accountant

By Modupe Gbadeyanka No Nigerian financial technology (fintech) company could make the 10 finalists selected for the 2020 Ecobank Fintech Challenge. Organisers of the competition recently released names of the 10 firms selected from seven different countries to participate in an online finale scheduled for August 21, 2020. The finalists were picked from a competitive pool of over 600 fintechs. The finalists will pitch their products to a jury for the cash prizes for the top 3, worth $10,000, $7,000, and $5,000. All the finalists will be enrolled into Ecobank’s Fintech Fellowship where they will spend the next six months

By Aduragbemi Omiyale A leading telco, Airtel Nigeria, has put a spotlight on the rarely discussed struggles associated with living with albinism in the country, featuring Ms Eunice Nwokeocha, a young woman living with albinism, in its flagship television programme, Airtel Touching Lives. The show aired the struggles of Ms Nwokeocha in the second episode of Airtel Touching Lives Season 7 on Sunday, July 2, 2023. Albinism is a genetic condition that affects the production of melanin, which is the pigment that gives colour to the skin, hair, and eyes. Due to the lack of pigmentation, Ms Nwokeocha has had

By Modupe Gbadeyanka An activist investor, Mr Gbadebo Olatokunbo, who doubles as the co-founder of Nigeria Shareholders Solidarity Association (NSSA), has advised investors to be careful in subscribing to the much-anticipated listing of shares of MTN Nigeria on the Nigerian Stock Exchange (NSE). Recently, CEO of MTN Group, Mr Rob Shuter, disclosed that shares of the telecommunication firm would be listed on the NSE by introduction by June 2019. According to Mr Shuter, “We have decided though to pursue the listing by means of a listing by introduction. It is phase one” of the listing. He said after the listing

By Adedapo Adesanya  Investments into Nigeria dropped by 67 percent to $29 billion in 2019, against $90 billion that was recorded in 2018, a report released by the Nigerian Investment Promotion Council (NIPC) has revealed. The investment council in its new report explained that 2019, being an election year, was filled with uncertainties, which contributed to investors’ perception of the economy. NIPC disclosed that the country attracted investments in 76 projects across 17 states, including the federal capital territory (FCT) last year, adding that the country also saw some investments offshore. The agency further indicated that Lagos State had the

By Investors Hub Asian stocks succumbed to heavy selling pressure on Friday after U.S. President Donald Trump escalated his trade war with China, saying that progress on a trade deal was moving too slowly. Chinese shares fell as Trump’s fresh salvo in the yearlong trade spat extended tariffs to nearly all Chinese imports into the United States. The benchmark Shanghai Composite Index tumbled 40.93 points or 1.4 percent to 2,867.84, while Hong Kong’s Hang Seng Index plummeted 647.12 points or 2.4 percent at 26,918.58. The Chinese yuan hit its lowest level since November 2018 before paring some losses. Japanese shares

By Modupe Gbadeyanka One of the top lenders in Nigeria, Guaranty Trust Bank (GTBank) Plc, has expressed its deepest regrets over disruption of its services on Wednesday, which left some of its numerous customers unhappy. In a notice to customers on Thursday, which was obtained by Business Post, the financial institution said it has now resolved the issues. The bank admitted that yesterday, it failed in its promise to always give the best to its customers, but quickly apologised for this. “Dear Customer, “We sincerely apologise for every inconvenience you experienced due to the service disruption on our banking channels

Business owners are a special type of person. They are a determined group of people who are interested in taking a risk and figuring out what they can do to make a profit for themselves. Some of these individuals have been looking at how they can potentially open up a business selling tea. Selling Something That You Love One of the best things about being a business owner is that you can potentially sell something that you enjoy. Those who open a tea business are looking to sell something that they enjoy in their daily life. The tea business is

By Adedapo Adesanya  Despite an escalation brought by Libya’s oilfields blockage on Monday, oil prices fell on Tuesday as a deadly virus in China sparked fears of an economic slowdown. Prices had appreciated on Monday when supporters of military commander, Khalifa Haftar, closed a pipeline connecting Libya’s largest oilfields which led to a stop in oil production. As at Tuesday night, the Brent crude was trading down by 66 cents or 1.01 percent to trade at $64.54 per barrel, while the US West Texas Intermediate crude shed 29 cents or 0.5 percent to settle at $58.29 per barrel. China’s National