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Cadbury records N10.4bn loss

29.01.2025
Cadbury Nigeria Plc has reported a loss after tax of N10.4bn for the year ending December 31, 2024, representing a 45 per cent reduction compared to the N19.1bn loss recorded in 2023. The improvement was driven by a 47 per cent reduction in loss before tax, which declined to N14.9bn from N28.2bn in the prior...
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NCC, telcos rule out deadline extension for banks

29.01.2025
The Nigerian Communications Commission and telecommunications companies have ruled out any extension to the deadline for banks to settle their Unstructured Supplementary Service Data debts. This decision leaves defaulting lenders scrambling to meet the deadline by the close of business on Monday. Initially, nine banks were in arrears, but by Friday, the number had dropped...
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Nigeria’s real estate to hit N2.25tn by 2025

29.01.2025
The Minister of Housing and Urban Development, Ahmed Dangiwa, has urged foreign investors at the Saudi Real Estate Forum to seize the vast opportunities within Nigeria’s housing sector, particularly through the Federal Government’s Renewed Hope Cities and Estates Programme. This is according to a statement on Tuesday by the Special Assistant Media and Strategy to...
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Industrial engineering key to sustainable growth – Komolafe

29.01.2025
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has emphasised the pivotal role of industrial engineering in driving sustainable infrastructure and inclusive growth. He made this assertion while delivering a lecture at the Department of Industrial and System Engineering, Faculty of Engineering, Lagos State University, on Tuesday. A statement made...
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CBN sets Jan 31 deadline for FX compliance reports

29.01.2025
The Central Bank of Nigeria has directed participants in the foreign exchange market to submit compliance reports on adherence to the Nigeria FX Code by January 31, 2025. The directive is part of efforts to strengthen ethical practices, governance, and transparency in the market. The Nigeria FX Code, which became effective on December 2, 2024,...
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BATN empowers Akwa Ibom poultry farmers

29.01.2025
The BATN Foundation, in collaboration with the Akwa Ibom State Government, has distributed 2,000 Noiler chickens to 100 smallholder farmers in the state as part of efforts to boost food security and empower rural communities. According to a statement, the project launched in 2024, at the Akwa Ibom Agricultural Development Project premises, targeted vulnerable groups,...
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Nigeria, others deepen strategies to tackle rising debt burden

29.01.2025
Africa’s ballooning debt is hampering its economies and dimming its prospects of a brighter future. Countries fashioned out strategies to tackle the continent’s poor handling of its debt distress and negotiation in the face of a skewed global financing architecture at the recently launched Debt Management Forum for Africa in Nigeria, writes FELIX OLOYEDE Many...
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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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