ESG: FIRSTBANK WINS 2024 EUROMONEY AWARD FOR NIGERIA’S BEST BANK FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria's Best Bank in Environmental, Social, and Governance (ESG), reinforcing its position as a leader in sustainable banking and finance practices in its 130 years of existence. Following a rigorous and highly competitive selection process, FirstBank was awarded Nigeria's Best Bank for ESG in 2024 by the re…
Rating: GCR affirms Dangote Industries Limited AA+(NG)/ A1+(NG) *strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also affirmed the national scale long-term issue rating of AA+(NG) accorded to each of Dangote Industries Funding Plc’s Series 1 NGN10.5Bn Tranche A and NGN177.1Bn Tranche B Bonds and Series 2 NGN112.4Bn Senior Unsecured Bond. The outlook …
Nestlé Nigeria Invests Over 6 billion Naira in Youth Empowerment and Skill Development Nestlé Nigeria underscored its commitment to youth empowerment and skill development at the recent graduation ceremony of ten young trainees from its Technical Training Centre (TTC) in Agbara. Since the program's inception in 2011, the company has invested over six billion naira in upskilling young Nigerians, demonstrating its dedication to fostering the next generation of skilled professionals. Graduating in the second stream of the seventh batch of th…
Nigeria Embarks on Agricultural Transformation with the Greener Hope National Agricultural Mechanisation Programme (GHAPP) In a groundbreaking move to enhance food security and economic development, the Federal Executive Council has approved the Greener Hope National Agricultural Mechanisation Programme (GHAPP). Spearheaded by Origin Tech Group in collaboration with the Ministry of Agriculture and Food Security, GHAPP aims to revolutionize Nigeria’s agricultural sector, boosting productivity and creating sustainable growth. The GHAPP programme…
Dangote Cement: Pan-African revenue for half-year grows by 139.9% Dangote has continued to attract huge forex into the country through his pan-African operations as the half-year result for Dangote Cement indicates an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1 billion as against N336.4 billion, reported in the corresponding period of 2023. The cement plant also reported a 10.9 percent increase in the Nigerian market which rose from 8.0Mt to 9.0Mt in the half year ended June 30, 2024. According to the 2…
Presidential broadcast: Tinubu out of touch with reality – Protest organisers The organisers of the #EndBadGovernanceInNigeria protests have expressed disappointment with President Bola Tinubu’s assertions during the nationwide broadcast speech. The organisers said the president’s speech demonstrated that he is out of touch with reality in the country. Addressing journalists in Abuja on Sunday, the National Coordinator of Youth Rights Campaign, Micheal Lenin, said the President only justified state violence on protesters and journalists and …
Nationwide Protest: Speaker Obasa Says Lagosians Truly Deserve Commendation Speaker Mudashiru Obasa of the Lagos State House of Assembly has described the peace experienced in the state amid a nationwide protest as commendable. Dr. Obasa, who applauded the peaceful conduct of the protesters in Lagos, the South-West region and major parts of Nigeria, specifically praised citizens for hearkening to the voice of reason and wisdom. In a statement issued by his Chief Press Secretary, Eromosele Ebhomele, the Speaker observed that the protesters …
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