By Ayomide Otitoju The Stanbic IBTC Holdings Sustainable Finance Summit 2.0, organised in partnership with the Lagos Business School Sustainability Centre (LBSSC), has concluded in Lagos with record participation and groundbreaking discussions on leveraging finance, digital innovation, and artificial intelligence (AI) to tackle climate challenges across Africa. Themed “Financing Resilience: Digital Innovation and AI for…
By Ayomide Otitoju Dangote Petroleum Refinery has accused the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) of attempting to sabotage the country’s energy supply chain after the union ordered its branches to halt crude oil and gas supplies to the facility. In a statement issued on Saturday, the company described the directive…
By Ayomide Otitoju The Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) have agreed to deepen collaboration to enhance trade facilitation and drive industrial growth, following a high-level strategic consultation held in Lagos on September 26. The six-hour engagement, which culminated in a joint communiqué signed by Comptroller-General of Customs Adewale Adeniyi…
By Ayomide Otitoju The management of Dangote Petroleum Refinery has condemned the strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), describing it as “bully and guerrilla tactics” designed to hold Nigerians to ransom. In a strongly worded statement titled “Lawless PENGASSAN: Its Lies and Terror Tactics”, the refinery rejected…
By Ayomide Otitoju The Board of Directors has approved a $10 million trade finance transaction guarantee facility for Exim Bank Tanzania Limited to strengthen the country’s private sector and de-risk cross-border trade. The African Development Bank (AfDB) said the facility will provide up to 100 percent guarantees to international confirming banks against non-payment risks, enabling…
By Ayomide Otitoju Rite Foods Limited, a leading Nigerian food beverage company, has secured three prestigious accolades at the 2025 Edge Awards, formerly known as the Marketing Edge Awards, underscoring its commitment to quality, innovation, and consumer trust. The company’s award-winning brands and corporate identity include: Outstanding Carbonated Soft Drink Brand of the Year –…
By Ayomide Otitoju India has signed a $7 billion agreement to acquire 97 indigenously designed Tejas fighter jets as the country phases out its ageing fleet of Russian-made MiG-21 aircraft. The Ministry of Defence announced on Thursday that the contract with Hindustan Aeronautics Limited (HAL) covers 68 single-seat fighters and 29 twin-seat variants of the…
By Ayomide Otitoju Toyota, the world’s top-selling carmaker, has officially opened its high-tech experimental village in Japan, designed as a hub for testing autonomous driving, robotics, and other futuristic innovations. The project, known as “Woven City,” is built on the site of a former Toyota factory at the base of Mount Fuji. It will initially…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) has described its re-entry into Ogoniland as a historic turning point for Nigeria, reflecting the broader vision of President Bola Tinubu’s Renewed Hope Agenda. In a statement issued on Friday by its Chief Corporate Communications Officer, Andy Odeh, the company said the milestone demonstrates…
