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$100m deals sealed at agric summit – Operators

29.11.2024
Deals worth over $100m were sealed at the just-concluded Agriculture Summit Africa held in Abuja to strengthen the agriculture value chain, operators in the industry have said. This was announced in a statement from the organisers of the summit on Thursday, saying that the deals were part of the Nigeria Feed, Fodder, and Livestock Investment...
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Zenith Bank opens Paris branch, eyes other locations

29.11.2024
Zenith Bank Plc has expanded its global footprint with the opening of Zenith Bank (UK), Paris Branch, as it announced plans to open subsidiaries in Francophone Africa, starting with Cameroon and Ivory Coast. According to the lender in a statement on Thursday, the official commissioning which took place at 21 Rue de la Paix, Paris,...
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AuG uncovers N14bn tax fraud in over 30 agencies

29.11.2024
A report by the Auditor-General of the Federation has unearthed tax irregularities amounting to N14.33bn across more than 30 Ministries, Departments, and Agencies. The findings, disclosed in the Auditor-General’s Annual Report on Non-Compliance and Internal Control Weaknesses, highlight serious lapses in tax deductions, remittances, and compliance with financial regulations between 2020 and 2021. The report...
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IDL revamps Commodore Aromatic Schnapps

29.11.2024
Intercontinental Distillers Limited has relaunched Commodore Original Aromatic Schnapps as it honoured distributors for their support. In a statement, the IDL noted its rebrand of the schnapps branded as ‘The Spirit of Answered Prayers’ as the Managing Director, Patrick Anegbe, expressed gratitude to distributors for their pivotal role in the company’s 2023 achievements. “Today, we...
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Controversy surrounds NNPCL claim on operation

29.11.2024
The operational capacity of the newly rehabilitated Port Harcourt Refining Company came under intense scrutiny on Thursday. This was following claims that petroleum products loaded from the facility on Tuesday were not newly refined but products stored in the storage tank of the facility in the last three years. This controversy is typical of the...
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Lasaco Assurance posts 36% revenue growth

29.11.2024
Lasaco Assurance posted a record insurance revenue of N18.29bn in 2023, an impressive 36 per cent growth from the N13.47bn recorded in 2022, the firm announced on Thursday. It said the surge reflects the company’s commitment to strategic growth and solidifies its foothold in the industry. “Our profit before tax also showed marked resilience, rising...
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CAMCAN plans workshop on banking recapitalisation

29.11.2024
The annual workshop of the Capital Market Correspondents Association of Nigeria is set to focus on the ongoing banking sector recapitalisation exercise. This was disclosed in a statement made available to The PUNCH on Thursday indicating that the workshop will be held under the theme ‘Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers in...
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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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