Business

Lagos- 30 Ocrober 2024, as part of its commitment to sustainable finance and taking active steps towards reducing its carbon footprint, FirstBank has joined the Partnership for Carbon Accounting Financials (PCAF) to promote sustainable finance, combat climate change and advance sustainable socioeconomic development for the just transition. PCAF is a collaboration …

The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from …

Nigerian fintech, Moniepoint has achieved “unicorn” status after securing $110m in funding from investors, including Google and London-based private equity firm Development Partners International. The nine-year-old startup made this disclosure in a statement to The PUNCH on Tuesday. The investment has boosted Moniepoint’s valuation to over $1bn for the first …

The management of Dangote Cement’s Ibese Plant has reaffirmed its commitment to advancing its local content policy, aiming to stimulate the economies of its 17 host communities through skills development and increased business opportunities for local enterprises. During a one-day capacity development workshop for local vendors, themed “Leveraging DCPI’s Processes …

Stanbic IBTC Pension Managers, a financial institution in Nigeria, has once again demonstrated its commitment to fostering artistic expression by sponsoring the ninth edition of ART X Lagos, West Africa’s premier international art fair, which holds from 31 October to 03 November 2024. Since its inception, Stanbic IBTC Pension Managers, a …

Heirs Holdings and the Tony Elumelu Foundation have provided $5,000 in seed capital to young African entrepreneurs to spur economic growth across the continent. The announcement was made during the Future Investment Initiative New Africa Summit in Saudi Arabia, where the Chairman of Heirs Holdings and Founder of TEF, Tony …

  The Petroleum Tanker Drivers (PTD) Branch of NUPENG has asked the President and General Secretary of the parent body to concentrate their energies on redeeming their battered image and putting an end to the lingering crisis in the union instead of making capital out of the misfortunes of oil …

  … becomes the largest operator of CNG trucks in Nigeria   In a demonstration of its support for President Bola Ahmed Tinubu’s CNG Initiative, which aims to provide cheaper and cleaner fuelling alternatives for all Nigerians, Dangote Cement Plc has made significant investments exceeding $280 million in compressed natural …

  Leaders of Student Union Governments of some Nigerian universities have described the launch of My-G data bundles by technology company, Globacom,  as “a good initiative for youth development “. At an event held in Lagos on Thursday to announce My-G entertainment tour across the country, Morakinyo Olaolu, President, Students …

 We wish to address a misleading report circulating in the media regarding a system upgrade at FirstBank. The message which was incorrectly interpreted and reported was sent to, and intended for our vendors only and focused on transitioning from our current I-Supplier Platform (our automated platform that connects us to …