Business

Tinubu Courts Global Investors in Paris, Promises Fiscal Discipline, Policy Stability and Bold Reforms

Published

1 month ago

May 11, 2026

Preport

President Bola Ahmed Tinubu has presented Nigeria as an emerging economic powerhouse, assuring global investors of his administration’s commitment to fiscal discipline, transparency, and sustained economic growth.

Speaking at a high-level meeting with international investors in Paris, the President highlighted ongoing economic reforms and emphasized the need for policy stability and accountability in driving long-term development.

During the engagement, Taiwo Oyedele, Coordinating Minister of the Economy, disclosed that Nigeria recorded an 11.2 percent growth in Gross Domestic Product (GDP) in dollar terms in 2025. He noted that the performance supports the country’s ambition of achieving a $1 trillion economy by 2030.

Oyedele added that translating reforms into tangible benefits for citizens remains a key short-term priority, while assuring investors that the government would begin publishing financial data on a quarterly basis to enhance transparency.

Also speaking, Patience Oniha, Director General of the Debt Management Office, reassured stakeholders of the government’s commitment to sustainable debt management and prudent financing strategies.

The meeting brought together major global investment firms, including Amundi led by Valerie Baudson, Citibank, as well as BlueCrest, Prudential Global Investment Management, Mesarete Capital, Kirkoswald Capital, Principal Finisterre, and Ninety One.

President Tinubu explained that his administration’s reform agenda is focused on eliminating economic distortions, stabilising macroeconomic indicators, and fostering inclusive growth. He also pledged to deepen transparency in the oil sector and implement comprehensive security strategies, including police decentralisation and efforts to curb terrorist financing.

“The focus remains on policy stability and diligent execution to ensure these strategic shifts translate into concrete benefits for all Nigerians,” the President stated.

Some investors at the meeting expressed optimism about Nigeria’s economic outlook, commending the government’s reform efforts.

Responding to a question on post-2027 plans, Tinubu assured stakeholders of continuity in economic policies, with sustained emphasis on fiscal discipline and transparency.

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Business

NCC Chief Aminu Maida to Keynote 2026 DigitalSENSE Forum in Lagos

Published

2 hours ago

June 11, 2026

Preport

The Executive Vice Chairman and CEO of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, is set to deliver the Keynote Address at the upcoming 2026 Nigeria DigitalSENSE Forum (NDSF) on Internet Governance for Development (IG4D). Scheduled for this Thursday, June 11, 2026, at the Banquet Hall, Welcome Centre Hotels in Lagos, the landmark 17th milestone edition will anchor its deliberations on the crucial theme: “Sustaining WSIS Vision with Multistakeholder Synergy in Nigeria.”

Dr. Maida’s address will focus on the regulatory frameworks required to preserve the World Summit on the Information Society (WSIS) vision through inclusive, multi-stakeholder partnerships. The high-level forum and its prestigious industry awards have rallied robust support from the foundational pillars of Nigeria’s telecommunications and digital infrastructure ecosystem.

Major public and private sector players are heavily backing the forum as part of their commitment to promoting critical national infrastructure and securing Nigeria’s digital possibilities. Among the leading sponsors driving this momentum are IHS Nigeria—the nation’s premier digital infrastructure champion boasting over 16,000 telecom towers and 15,000km of fiber optic cables—and data center colocation leader Digital Realty.

Ogbuefi Remmy Nweke, the Editor-in-Chief of host media organization ITREALMS Media Group, commended the immense institutional support flowing from the industry ahead of the event.

“Achieving sustainable internet governance and digital trust requires an intentional alignment of regulation and infrastructure,” Nweke remarked. “The active collaboration of the NCC, IHS Nigeria, and Digital Realty ensures that the 2026 forum will move beyond mere dialogue to produce clear, actionable policy recommendations for our digital economy.”

The event will be presided over by Dr. Olusola Teniola (hon), Director of Strategic Business Initiatives at ipNX Nigeria and former President of the Association of Telecommunications Companies of Nigeria (ATCON), who will deliver the Chairman’s Opening Speech on the 2026 NDSF blueprint.

A broad coalition of leading telecommunications, technology, and internet governance stakeholders have also thrown their weight behind the event. These include ICT infrastructure leader MTN Nigeria; the Association of Licensed Telecoms Operators of Nigeria (ALTON); premier software and DNS infrastructure firm Upperlink Limited; and the Nigeria Internet Registration Association (NiRA), managers of the .NG country code Top Level Domain name.

The post NCC Chief Aminu Maida to Keynote 2026 DigitalSENSE Forum in Lagos appeared first on Business Today NG.

Business

Stanbic IBTC Holdings disclaims WhatsApp scheme offering investment opportunities

Published

10 hours ago

June 10, 2026

Preport

Stanbic IBTC Holdings Plc has disclaimed responsibility for social media advertisements, asking the public to join WhatsApp groups that purportedly offer them investment opportunities with “guaranteed returns” in “high-quality stocks.”

The financial services group disclosed in a regulatory filing on Wednesday that such advertisements are fraudulent, false and unauthorised.

The announcement followed the circulation of social media posts featuring the image of Busola Jejelowo, the CEO of Stanbic IBTC Asset Management Limited, together with the Stanbic IBTC Stockbrokers logo.

“They do not originate from Stanbic IBTC Holdings PLC or any of its subsidiaries, and they have not been approved, endorsed, or issued by the group in any form,” the financial institution said.

“The use of our name, logo, brand identity, and the images of our executives in these materials is fraudulent and intended to deceive unsuspecting individuals,” it added.

The bank holding company disclosed that it has already reported the fraudulent activities to the Securities and Exchange Commission of Nigeria.

Victims

Stanbic IBTC Holdings advised people who have already fallen prey to such dubious schemes, or who have made payments or disclosed any personal or financial information, to report the matter immediately to the nearest law enforcement agency.

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It urged the public to be cautious of unauthorised communications by individuals purporting to be associated with Stanbic IBTC, especially when they relate to investments and promises of financial returns.

Customers should rely only on authentic and verified information about Stanbic IBTC communicated through its official communication platforms, it said.

“Such messages should be treated as suspicious unless independently verified through our official channels,” Stanbic IBTC Holdings stated.

“For authentic and verified information about Stanbic IBTC and its products and services, please rely only on our official communication platforms, including @StanbicIBTC on Facebook, LinkedIn, X (Twitter), Instagram, and YouTube.”

It further expressed its commitment to taking all appropriate steps to safeguard its brand and customers from fraudulent and deceptive activities.