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CBN backs CeBIH’s annual conference

21.11.2024
The Committee of e-Business Industry Heads has announced plans for its 2024 annual conference, themed “Payment System Vision 2030: Navigating Contemporary Issues in Driving Future Growth.” The event, scheduled to be held on December 4, 2024, at the Eko Convention Centre, Lagos, has garnered support from the Central Bank of Nigeria and industry stakeholders. This...
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Bank chiefs lobby Presidency over N1tn forex gain

21.11.2024
The executives of seven Deposit Money Banks are currently lobbying President Bola Tinubu over the 70 per cent mandatory windfall tax payment on profits generated by the banks from foreign exchange transactions, The PUNCH reports The bank chiefs, who are also discussing with government officials, are advocating a review or reduction in the windfall tax...
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NAICOM unveils plans to support $1tn economy

21.11.2024
The National Insurance Commission has highlighted the five key priorities it has set to drive its contributions to achieve the $1tn economy target of President Bola Tinubu. The Commissioner for Insurance, Olusegun Omosehin, revealed this agenda at the 2024 Insurance Directors’ Conference held in Lagos on Wednesday. In October 2023, Tinubu at the 29th Nigeria...
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Moniepoint canvasses financial inclusion for women

21.11.2024
The founder/Chief Executive Officer of Moniepoint Inc., Tosin Eniolorunda, has said that it is more profitable to provide financial services to women than men. Eniolorunda said this in a statement shared with The PUNCH on Tuesday while highlighting the need to push for financial inclusion for women. He affirmed that for financial inclusion to be...
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UK supports Nigeria to tackle cyber threats

21.11.2024
The United Kingdom has expressed support for Nigeria’s efforts to tackle rising cybersecurity issues. This was expressed in a statement issued on Wednesday following the Nigeria Cybersecurity Stakeholder Roundtable organised with support from the UK’s Department for Business and Trade to discuss practical steps to address the country’s cybersecurity challenges. This roundtable had in attendance,...
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UBA to empower MSMEs

21.11.2024
United Bank for Africa is set to empower Micro, Small, and Medium-scale Enterprises with wealth management skills in the last edition of its quarterly business series for the year. In a statement made available to The PUNCH, the pan-African bank said this edition of the business series, themed ‘Profit with Purpose, Business Continuity,’ will be...
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Bill on funding for mineral exploration scales second reading

21.11.2024
The House of Representatives, on Wednesday, approved for second reading a bill to ensure adequate funding for mineral resources exploration and extraction through public-private partnerships. Leading the debate on the bill’s general principles, the sponsor and member representing Surulere II Federal Constituency, Lagos State, Lanre Okunola, described the proposed legislation as a transformative framework aimed...
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MBAN commends govt on N250bn mortgage fund

21.11.2024
The National Executive Council of the Mortgage Banking Association of Nigeria has commended the Federal Government for the approval of a N250bn Mortgage and Real Estate Investment Fund. Last week, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced the approval of MREIF, an initiative aimed at enhancing access to long-term...
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OPS worries as 61 companies exit Nigeria in four years

21.11.2024
Nigeria has seen a surge in company closures and relocations, driven by economic difficulties, currency fluctuations, and escalating operational expenses in recent years, JOSEPHINE OGUNDEJI, writes Nigeria’s business environment has been marred by a worrying trend in recent years, as both multinationals and local enterprises have been forced to either shut down or relocate their...
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Starlink suspends orders for residential kits in Nigeria

21.11.2024
The Nigerian Communications Commission’s delay in granting regulatory approval has prompted Starlink, Elon Musk’s satellite internet service, to suspend orders for its residential kits in Nigeria, the company has said. Residential kits, which include essential equipment such as a satellite dish, router, and cables, are crucial for home users to access Starlink’s satellite internet service....
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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