Tuesday, April 21, 2026
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Business

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

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Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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Insurance

Mutual Benefits Customer to Nigerians: Embrace Insurance Because it Works

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NIA to Honour Past Governing Council Members

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Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

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Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

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Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

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Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

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The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Insurance

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NIA to Honour Past Governing Council Members

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Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

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Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

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NAICOM Pledges Commitment to Labour Standards, Staff Welfare

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Stanbic IBTC Leads High-Level Trade, Finance Engagements at Global Trade Review West Africa 2026

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has been confirmed as the platinum sponsor of the highly anticipated GTR West Africa 2026 conference, taking place on 22 and 23 April, at the Eko Convention Centre in Lagos.

This landmark event brings together over 400 senior trade and finance professionals for two days of insightful discussions, networking, and innovation, tailored to enhance trade growth across West Africa.

Now firmly established as the most influential annual gathering for trade finance professionals in the region, GTR West Africa 2026 marks its 17th year and arrives at a defining moment.

The conference takes place at a time of improving economic conditions across the region; creating renewed opportunities for trade‑led growth.

Eric Fajemisin, Executive Director, Corporate & Transaction Banking, Stanbic IBTC Bank, highlighted, “West Africa’s trade finance market is at a turning point. Improving macroeconomic fundamentals, an increasing demand for structured and digital trade finance solutions, and a renewed global focus on African markets have created a need for bold, coordinated action. Stanbic IBTC Bank is proud to be at the forefront of this conversation as the lead sponsor of GTR West Africa 2026. Our commitment extends beyond the conference; it represents a broader ambition to build a deeper, more resilient, and more inclusive trade finance ecosystem that will empower the next generation of West African commerce.”

In the face of global geopolitical uncertainties, evolving trade alliances, and increasing tariff pressures, the conference theme, “Financing Growth in West Africa’s Trade Epicentre,” underscores the urgent need for strategic resilience among regional trade actors. The agenda will delve into key critical themes shaping the trade landscape in West Africa, including export diversification, infrastructure financing, supply chain finance, digital trade, and the evolution of structured trade finance in the commodities sector.

Featured speakers from Stanbic IBTC include Seun Ogundolapo, Head of Trade – Transaction Banking, who is expected to share practical perspectives on structuring trade finance to support imports, exports, working capital, and risk management.

Also speaking at the event is Sreenivas Alagonda, Chief Financial Officer, Robust International Commodities, a client of Stanbic IBTC Bank; who will be bringing a real economy borrower perspective on commodity trade execution; including what businesses need from banking partners across financing, documentation, and transaction risk control.

Jesuseun Fatoyinbo, Head, Transaction Banking, Stanbic IBTC Bank, stated, “Participating in GTR West Africa 2026 represents a crucial opportunity for us to connect with leading trade finance experts and stakeholders in the region. As we navigate the evolving trade landscape, our aim at Stanbic IBTC Bank is to promote collaboration and innovation that will foster sustainable growth in West Africa. We view this conference as an essential platform for sharing insights and exploring solutions that will empower businesses and strengthen the regional economy.”

GTR West Africa 2026 will provide participants with extensive networking opportunities, enabling engagement with industry peers, experts, and decision‑makers across the trade and finance ecosystem.

With a diverse range of experts and stakeholders in attendance, this event promises to be a valuable platform for expanding professional networks and fostering business relationships.

Stanbic IBTC’s sponsorship reflects its strategic commitment to elevating trade and finance capacity across Nigeria and the wider West African region, consistent with its mandate as a key enabler of trade, investment, and economic transformation on the continent.

 

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Topics

The N714bn Bailout: Matters Arising

It was good news the other morning when news filtered out that the federal government has graciously given cash-strapped states a bailout of approximately N714 billion to settle outstanding salaries and other forms of wages to workers in their states. To the workers, it was probably the best news of the year 2015, given that some that had fallen into arrears for upwards of seven to nine months. To ordinary Nigerians not directly affected by the salary crisis in the affected states, the bailout represents a moment of relief from the plight of the workers. For the state governments, the bailout is only a temporary measure to relieve them of the scandalous inability to meet their obligations to workers in the states.

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U.S. Banks Plan $16.6bn Digital Transformation in 2015

Retail banks (including thrifts and credit unions) in the U.S. will spend nearly $16.6 billion on hardware, software, services, and internal IT staff in order to develop and implement digital transformation initiatives in 2015. And this spending on digital transformation will grow at an average CAGR of 10.4% into 2019, according to recent IDC Financial Insights spending models. This compares to an overall IT spend growth of 3.9% for U.S. banks. A new report from IDC Financial Insights, “The Cost of Digital Transformation in US Banking: The Critical Technology Investments in 2015 and Beyond,” outlines how much money is being invested by U.S. banks in digital transformation, where those investments are going, and where IDC Financial Insights believes the growth will be the strongest in digital transformation investment.

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