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Telecoms crisis: Union seeks Tinubu’s intervention

12.12.2024
Nigeria’s   telecommunications industry is facing an imminent crisis, with the Private Telecommunications and Communications Senior Staff Association of Nigeria sounding a stark warning that the sector is on the verge of collapse. In a letter addressed to President Bola Tinubu, the union urgently appealed for immediate government intervention to avert a looming disaster. The letter,...
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Bank workers blame CBN as cash shortage worsens

12.12.2024
The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central Bank of Nigeria’s inability to meet the cash demands of commercial banks. Speaking with The PUNCH, ASSBIFI President, Olusoji Oluwole, highlighted the dire impact of the scarcity, particularly as the festive season...
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NCAA faults Ogun’s claim of approval

12.12.2024
The Nigerian Civil Aviation Authority and the Ogun State Government have declared divergent views on the approval of the Gateway International Agro-Cargo Airport, located along the Ilisan-Iperu axis of Ogun State. While the state government claimed that the airport had been certified fit for commercial operations by aviation regulatory agencies, the NCAA refuted the claim....
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Students commend waterways safety strategies

12.12.2024
The National Association of Polytechnic Students has commended the Minister of Marine and Blue Economy, Adegboyega Oyetola, and the Managing Director of the National Inland Waterways Authority, Bola Oyebamiji, for adopting measures to ensure safety on our waterways. The national secretary-general of the association, Agada Noah, disclosed this during a recent press conference in Lokoja,...
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MOWCA to implement regional maritime funding in January

12.12.2024
The Maritime Organisation of West and Central Africa has announced plans to fully implement the uniform application of the Regional Maritime Fund policy in 25 countries in January 2026. This move follows a directive by member states and experts during a recent three-day workshop in the Republic of Congo. The workshop culminated in a call...
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NIWA seeks collaboration to boost waterways safety

12.12.2024
The Managing Director and Chief Executive Officer of the National Inland Waterways Authority, Mr. Bola Oyebamiji, has called for stronger collaboration between the federal agency and state governments to improve the safety and security of inland waterways transportation. Oyebamiji made this call during a recent one-day consultative forum on safety and security challenges in inland...
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Terminal recorded 20,856 truck visits in November

12.12.2024
APM Terminals Apapa has recorded a new milestone as regards servicing trucks that visit the terminal, with a total of 20,856 trucks visiting the terminal in November, carrying 32,945 containers, including import deliveries, empties, and export gate-in of containers. This was announced in a statement on Wednesday by the terminal manager, APMT Apapa, Steen Knudsen....
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NGX records N8.05tn transactions in 22 months

12.12.2024
The Nigerian equity market recorded a total of N8.05tn in transactions between January 2023 and October 2024. Data from the Domestic and Foreign Portfolio Investment Report of Nigerian Exchange Limited shows that domestic investors dominated trading activity, accounting for N6.9tn, or 85.7 per cent of the total value, while foreign investors contributed N1.15tn, representing 14.3...
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Equity market posts N184bn gain

12.12.2024
The Nigerian Stock Exchange closed with a market capitalisation of N59.7tn on Wednesday, reflecting a gain of N184bn in total market value. In terms of market indices, the All-Share Index gained 0.31 per cent, closing at 98,509.68 points. The ASI has recorded a one-week gain of 0.34 per cent, a four-week gain of 1.12 per...
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Banks lost N42.33bn to fraud in six months — Report

12.12.2024
Banks in Nigeria have reported a staggering N42.33bn in fraud-related losses over the first two quarters of 2024, with increases recorded across multiple payment channels, except mobile fraud. According to data from the Financial Institutions Training Centre in its Q1 and Q2 2024 Fraud and Forgeries report, the losses, which spiked across all channels except...
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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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