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Sun King, IFC, and Stanbic IBTC Bank Close $80 Million Debt Facility to Expand Solar Access in Nigeria

  Sun King, in partnership with IFC and Stanbic IBTC Bank, has secured an $80 million, fully Naira-denominated loan facility to scale access to off-grid solar energy in Nigeria. This financing enables households and small businesses to adopt clean, reliable solar power without prohibitive upfront costs. By combining public and...
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FIRSTBANK RETAINS RETAIL DOMINANCE BY BOOSTING BUSINESSES WITH ITS TEMPORARY OVERDRAFT (TOD) PRODUCT

  By Tosin Ajayi In a dynamic and often unpredictable financial landscape like Nigeria, the ability to access funds at critical moments makes all the difference.  For entrepreneurs, financial agility is often the key to unlocking growth and success. With fluctuating prices and unexpected financial policies, many businesses in recent...
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NESG-Stanbic IBTC Business Confidence Monitor: Private Sector Sustains Growth Momentum Amid Obvious Business Risks and Challenges

  Nigeria's business environment recorded a positive performance in April 2025, sustaining the favorable momentum observed since the beginning of the year. The NESG-Stanbic IBTC Business Confidence Monitor (BCM) showed an increase in the Current Business Index to +12.29 in April 2025 from +6.58 in March 2025. This performance is...
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