Business

Severe inflationary pressures caused an intensification of the downturn in the Nigerian private sector at the start of the final quarter of the year. Overall input costs rose at one of the sharpest rates on record, with selling prices increased accordingly. This resulted in marked reductions in new orders and …

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of 118% from N1.33 trillion reported in Q3 2023 to N2.9 trillion in Q3 2024. This performance underscores the Group’s resilience and market leadership in spite of the challenging …

To enhance its environmental sustainability initiatives in line with global best practices, Dangote Industries Limited (DIL), has embarked on a restoration project of planting 10,000 mangrove trees across coastal states in Nigeria. The project, in partnership with Eco-Restoration Foundation, kickstarted at Akodo-Ise, Ibeju-Lekki, Lagos, was aimed at minimising the global …

To enhance its environmental sustainability initiatives in line with global best practices, Dangote Industries Limited (DIL), has embarked on a restoration project of planting 10,000 mangrove trees across coastal states in Nigeria. The project, in partnership with Eco-Restoration Foundation, kickstarted at Akodo-Ise, Ibeju-Lekki, Lagos, was aimed at minimising the global …

MAGGI Chicken flavour seasoning cubes have been relaunched with a refreshing blend of spices including onion, turmeric and celery and a boosted Chicken flavour to delight even more Nigerian consumers. It is also now available in double-cubes for double the convenience which also translates into reduced packaging materials. This milestone …

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 …