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FirstBank deepens ESG drive, invests $9m in renewable energy, plants 51,000 trees

Business Pointer Admin9 months ago9 months ago04 mins

By Seun Ibiyemi Sustainability has taken centre stage in Nigeria’s corporate landscape, with FirstBank of Nigeria Limited reinforcing its leadership in Environmental, Social and Governance (ESG) practices through major investments in renewable energy, financial inclusion and environmental conservation. As climate change, social inequality and economic uncertainties continue to shape global discourse, the bank said it…

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ICPC verifies N54.7m borehole projects in Ondo

Business Pointer Admin9 months ago9 months ago03 mins

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has successfully tracked and verified the execution of three borehole projects in Ondo State awarded by the National Primary Health Care Development Agency (NPHCDA). ICPC Spokesperson, Okor Odey, disclosed this in a statement on Monday in Abuja, noting that the projects were monitored…

Tension as fire razes Lagos Airport

Business Pointer Admin9 months ago9 months ago01 mins

There was palpable tension on Monday following a fire outbreak at Terminal 1 of the Murtala Muhammed International Airport, Lagos. The Federal Airports Authority of Nigeria (FAAN) confirmed the incident in a brief statement, assuring the public that emergency response teams were swiftly deployed to the scene. According to FAAN, its firefighting unit is currently…

TCN inaugurates 300MVA transformer at Egbin substation

Business Pointer Admin9 months ago9 months ago02 mins

…Boosts Lagos power capacity By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has inaugurated a new 300 MegaVolt Ampere (MVA) power transformer at its 330/132/33 kilovolts (kV) Egbin Transmission Substation in Lagos, increasing the facility’s capacity and strengthening electricity supply in parts of the state. TCN’s General Manager, Public Affairs, Mrs. Ndidi Mbah, disclosed…

Naira posts gain against dollar as FX market shows relative stability

Business Pointer Admin9 months ago9 months ago02 mins

By Seun Ibiyemi The Nigerian naira opened the trading week with a slight appreciation against the United States dollar on Monday, reflecting continued stability in the foreign exchange (FX) market amid sustained interventions by the Central Bank of Nigeria (CBN).Cardoso calls for digital payment reforms at G-24 meetings Data from the Nigerian Foreign Exchange Market…

SIFAX foundation train 90 Lagos students in AI, computer skills

Business Pointer Admin9 months ago9 months ago04 mins

By Seun Ibiyemi The Ajoke Ayisat Afolabi Foundation (AAAF), the corporate social responsibility arm of SIFAX Group, in partnership with the World Bank, has trained over 90 students of State Senior Secondary School, Oyewole, Agege, in Orile Agege Local Government Area of Lagos State on practical technology skills. The training programme, held under the foundation’s…

Customs begins sensitisation on full automation of licences, permits processes

Business Pointer Admin9 months ago9 months ago05 mins

By Seun Ibiyemi The Nigeria Customs Service (NCS) on Monday commenced the sensitisation of clearing agents on the full automation of its Licences and Permits application processes, in a move aimed at enhancing efficiency, transparency, and ease of doing business. Speaking during the sensitisation programme in Lagos, the Deputy Comptroller-General of Customs (DCG) Tariff &…

Mobereola repositions NIMASA, drives maritime reforms, global recognition

Business Pointer Admin9 months ago9 months ago08 mins

By Seun Ibiyemi In the often turbulent waters of Nigeria’s maritime sector, few names have commanded as much attention and respect as Dr. Dayo Mobereola, Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), who assumed office on June 15, 2023. Since his appointment, Mobereola has consistently demonstrated a unique blend of vision, diligence,…

NIMASA, Nigerian Air Force commit to improved partnership

Business Pointer Admin9 months ago9 months ago06 mins

By Seun Ibiyemi The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola is seeking enhanced cooperation between the Agency and the Nigerian Air Force (NAF) with the aim of strengthening tactical air support within the Deep Blue project. This was disclosed in a statement made by Deputy Director/Head, Public…

CPPE warns Nigeria’s $6.01bn capital inflow surge may be unsustainable

Business Pointer Admin9 months ago9 months ago05 mins

By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that Nigeria’s strong rebound in capital importation may prove fragile if structural weaknesses in the economy are not urgently addressed. In a statement issued on Sunday by Chief Executive Officer of the CPPE, Dr Muda Yusuf, read that total capital inflows into…