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NCC approves MTN’s spectrum lease renewal with Ntel

25.12.2024
The Nigerian Communications Commission has approved the renewal of the spectrum lease agreement between MTN Nigeria Communications Plc and Natcom Development and Investment Limited. In a notice filed by the company secretary, Uto Ukpanah, on the Nigeria Exchange Limited on Tuesday, it was stated that the agreement covers NTEL’s 5MHz frequency division duplex in the...
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NIM elects new president

25.12.2024
The Nigerian Institute of Management (Chartered) has elected Commodore Abimbola Ayuba (retd.) as its 25th President and Chairman of the Council. According to a statement, Ayuba was previously the deputy president and succeeded Dr. Christiana Atako, whose tenure recently expired. Ayuba’s leadership marks the beginning of a new chapter for the Institute, with the Chief...
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Professors Protest UniAbuja’s VC Selection Process

25.12.2024
University of Abuja (UniAbuja) professors yesterday protested against the selection process of a new Vice-Chancellor. The school has been plunged into crisis over the appointment process for a new VC following Prof. Abdulrasheed Na’Allah in July. The protesters accused the Marshall Saddiq Kaita Governing Council in cahoots and certain staff members of trying to install...
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CWT partners World Bank to empower women traders

25.12.2024
The Connecting One Million Women Who Trade initiative has partnered with the World Bank to empower one million women traders globally. The initiative, according to a statement on Sunday, was launched in Lagos to break gender barriers and foster economic growth through trade. CWT said it will focus on creating a network of 10,000 business...
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Poor records, deceased shareholders drive N215bn unclaimed dividend crisis

25.12.2024
Unclaimed dividends, a persistent challenge in Nigeria’s capital market, have sparked frustration among shareholders. The issue remains unresolved despite the introduction of electronic systems and reforms by the Securities and Exchange Commission. TEMITOPE AINA addresses questions about systemic inefficiencies, lapses by registrars, and the impact of dead shareholders. Introduction The Nigerian capital market, which has...
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FG gives banks, telcos six-month ultimatum on N250bn USSD debt

25.12.2024
The Central Bank of Nigeria and the Nigerian Communications Commission have issued a final directive to Deposit Money Banks and Mobile Network Operators to resolve the protracted N250bn Unstructured Supplementary Service Data debt dispute. CBN and NCC are both regulatory agencies of the Federal Government. The directive, contained in a joint circular dated December 20,...
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LPDC Rejects Afe Babalola’s Request To Debar Farotimi

25.12.2024
The Legal Practitioners Disciplinary Committee (LPDC) has dismissed a petition filed by Aare Afe Babalola’s law firm, Emmanuel Chambers, seeking the revocation of Dele Farotimi’s practising licence over criminal defamation and professional misconduct. In the petition, Emmanuel Chambers alleged that Farotimi, in his book: ‘Nigeria and its Criminal Justice System’ made defamatory assertions against the...
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Naira fell 2.14% to $/N1,667 in November – Report

25.12.2024
The naira depreciated to an average of $/N1,667.41 in November 2024, marking a 2.14 per cent decline from the $/N1,631.71 recorded in October 2024. This is according to the FMDQ Markets Monthly Report released on Tuesday. It noted that the local currency traded within a range of $/N1,639.50 to $/N1,690.37 during the month. “Naira depreciated...
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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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