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Agric sector expands as Nigeria’s PMI shrinks

17.12.2024
The latest PMI report from the Central Bank of Nigeria indicates that the agricultural sector has continued to expand despite Nigeria’s Purchasing Manager Index dipping for the second consecutive month. The report, released on Friday, showed that Nigeria’s composite PMI contracted for the second month in a row to settle at 48.9 points in November...
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Glo expands data roaming services for Nigerian travelers

17.12.2024
Nigerians traveling abroad for business or leisure can now access flexible and affordable data roaming bundles in an expanded list of countries, Glo announced in a statement on Monday. The new bundles are designed to help Glo subscribers stay connected, share photos and videos with family and friends, and keep up with business engagements, regardless...
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Fitch predicts tough 2025 for Nigerian banks, others

17.12.2024
International credit rating firm Fitch Ratings has projected a tough operating environment for banks in the New Year. This projection was disclosed in its African Banks Outlook 2025 report recently published on its website. Fitch stated that African banks will remain exposed to domestic and global operating environment risks and that while most countries show...
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Sterling Bank commits to creative industry revolution

17.12.2024
Sterling Bank has reiterated its commitment to driving Nigeria’s creative revolution through its headline sponsorship of the 10th Africa Fashion Week Nigeria. In a statement on Friday, the bank said that it is committed to empowering artistic visionaries and entrepreneurial trailblazers to redefine global fashion narratives. Head of Brand Marketing, Chidimma Okoli, articulated the bank’s...
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NIPC seeks partnerships to attract, retain investments

17.12.2024
The Nigerian Investment Promotion Commission has reaffirmed its commitment to boosting Nigeria’s economic growth by retaining existing investments and attracting new ones through strategic partnerships. It also announced plans to embark on the promotion of fintech, agri-tech, and renewable energy as part of measures to position Nigeria as a hub for innovation and technology investments....
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UBA donates N500m to Lagos security trust fund

17.12.2024
The United Bank for Africa has donated the sum of N500m to the Lagos State Security Trust Fund to enhance the provision of a secure environment for individuals and businesses in the state. According Monday’s release from the bank, the donation was made through the UBA Foundation, its corporate social responsibility arm. The N500m cheque...
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Transcorp Hotels appoints Oshogwe CEO

17.12.2024
Transcorp Hotels Plc has announced the appointment of Uzo Oshogwe as its new Managing Director/Chief Executive Officer, effective January 1, 2025. In a notice filed at the Nigeria Exchange Limited on Monday, Oshogwe, who currently serves as the MD/CEO of Afriland Properties Ltd, an investment and development company, brings more than 30 years of professional...
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Equity market gains N704bn

17.12.2024
The Nigerian equity market gained N704bn in six days, pushing the market capitalisation above N60tn. At Monday’s close, investors gained N330bn, and market capitalisation hit N60.6tn, with 740.89 million shares worth N16.88bn traded in 10,430 deals. This represented a 39 per cent increase in trading volume, a 127 per cent surge in turnover, and a...
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FG secures $600m foreign agriculture loans

17.12.2024
The Federal Government, through the Ministry of Agriculture and Food Security, has secured over $600m in foreign agricultural loans in 2024 to boost food security and rural development. According to information from the ministry’s website, the government obtained a $134m loan facility from the African Development Bank to enhance seed and grain production nationwide. “The...
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SCOA defends Boulos on Trump’s appointment

17.12.2024
SCOA Nigeria Plc has rejected recent media reports criticising the appointment of its Managing Director/Chief Executive Officer, Mr. Massad Boulos, as Senior Adviser on Arab and Middle East Affairs to the United States President-elect Donald Trump, describing them as “baseless and misguided.” The firm called the attacks a smear campaign driven by individuals who were...
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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
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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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