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Cash outside banks hits N4.3tn, CBN warns on scarcity

Nigeria continues to face cash scarcity despite a significant year-on-year increase of N1.59 trillion in the amount of currency held outside banks. Data from the Central Bank of Nigeria’s money and credit statistics shows that a substantial proportion of currency in circulation remains outside the banking system, with more than 90 per cent consistently held...
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IWG collaborates with bank on new workspace

The International Workplace Group and The Alternative Bank have partnered to meet the rising demand for flexible workspaces in Lagos, with the opening of a new workspace on the bank premises in Lekki, Lagos State. At the recent signing of the agreement between the partners at the workspace under the HQ brand, it was revealed...
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Secured Borders Key To Economic Growth –Adeniyi

The Comptroller-General of Nigerian Customs Service (NCS), Adewale Adeniyi, said borders are critical gateways that determine a nation’s capacity to protect its citizens, safeguard its economy, and foster security. Adeniyi spoke at the 18th African Security Watch Conference in Doha, Qatar. Represented by the National Public Relations Officer, Chief Superintendent of Customs Abdullahi Maiwada, he...
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Minister eyes $23bn exotic livestock breed market

The Minister of Livestock Development, Dr Idi Maiha, has called on the Raw Materials Research and Development Council to take the lead in the transformation of Nigeria’s livestock sector through research and development. He stated that the commitment will enable the country to access the $23bn livestock exotic breed market and enhance leather production. The...
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Nigeria partners UN to strengthen bioethics development

The Federal Government and the United Nations Educational, Scientific, and Cultural Organisation are set to deepen collaboration on bioethics development in Nigeria through a planned Memorandum of Understanding. The Minister of Innovation, Science, and Technology, Uche Nnaji, made this disclosure in a statement on Friday. Bioethics refers to the ethical principles and guidelines that govern...
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FG supports Gombe farmers with subsidised inputs

The Federal Government has stated that no fewer than 8,000 wheat farmers in Gombe State have been supported with subsidised inputs to cultivate wheat during the dry season. The State Coordinator of the Federal Ministry of Agriculture and Food Security, Dr Ibrahim Bomoi, said this in an interview with the News Agency of Nigeria in...
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Sanwo-Olu, Pernod Ricard to unveil eco-friendly tree

Lagos State Governor, Babajide Sanwo-Olu, will unveil an eco-friendly Christmas tree built from upcycled bottles as part of efforts to promote sustainability and environmental awareness. In a statement on Friday, wine company Pernod Ricard Nigeria which created the tree said it will be unveiled at the Ikeja City Mall car park on December 21, 2024....
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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...