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Stocks fall, dollar rises on China worries

Major stock markets and oil prices retreated Monday after an unexpected slowdown in retail sales reinforced worries about China’s struggling economy. The dollar mostly rose as traders looked ahead to interest-rate decisions this week from the US Federal Reserve, Bank of Japan and Bank of England. Bitcoin hit a new record high at $106,493.43. “China...
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Dangote refinery extends export to three African countries

The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki...
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Optiva CEO bags US award

The Chief Executive Officer of Optiva Capital Partners, Dr. Jane Kimemia, has been conferred with the U.S. President’s Lifetime Achievement Award for her humanitarian contributions and commitment to community development. The honour was bestowed on her at the Global Reputation Forum held at the Financial Times Headquarters in London recently. The US President’s Lifetime Achievement...
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OPS fears SMEs’ collapse as cash scarcity lingers

The Organised Private Sector has joined the call on the Central Bank of Nigeria to address the cash scarcity witnessed nationwide, stressing that the country is not developed enough for cashless transactions. Members of the OPS pointed out that the scarcity of cash has adversely affected businesses, especially those in the Micro, Small, and Medium...
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Customs intercept 695,000 litres of smuggled petrol

The Nigeria Customs Service says it has intercepted over 695,000 litres of Premium Motor Spirit (petrol) being smuggled to neighbouring countries. The NCS Comptroller-General, Adewale Adeniyi, said the feat achieved in collaboration with the Nigerian Midstream and Downstream Petroleum Regulatory Authority, is to fight economic saboteurs who ventured into smuggling and diversion of petroleum products....
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FG, US eye skill development in transport sector

The Federal Government and the United States are collaborating to enhance skills in the transportation sector, aiming to drive efficiency and economic growth. This partnership was highlighted during a strategic meeting between the Chief Executive Officer of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, and Secretary of the California State Transportation Agency, Dr Toks Omishakin,...
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Punch correspondent wins housing reporting award

The PUNCH Correspondent Josephine Ogundeji has won the News Reporter of the Year (Print) Award at the Africa Housing Awards 2024. Housing Development Advocacy Network, organisers of the Africa Housing Awards, named Ogundeji as the print news reporter of the year on Saturday at the Musa Yar’adua Centre, Abuja. According to the AHA coordinator Festus...
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Govt urged to maximise FTZs for economic growth

The Chairman of the Lekki Free Trade Zone, Biodun Dabiri, has advocated for the maximisation of the Lagos Free Trade Zone to drive economic growth. He disclosed this at the annual Fellows’ Lunch of the Nigerian Institute of Estate Surveyors and Valuers, which was held in Lagos State recently. He said, “The concept of free...
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World Trade Centre to unveil new amenities in 2025

World Trade Centre, Abuja, has announced plans to unveil new amenities in 2025 as part of efforts to revolutionise the property sector. The Vice President of the World Trade Centre, Mr. Ahmed Karim Adelaja, disclosed this while speaking to journalists at the end-of-the-year business and networking cocktail on Saturday in Abuja. He noted that the...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...