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NLC faults fresh petrol price hike, says FG insensitive

21.01.2025
•Labour fears hike will fuel food crisis •Increase in line with rising crude price –Dangote The Nigeria Labour Congress has frowned on the recent hike in the pump prices of Premium Motor Spirit, popularly called petrol, describing it as the height of insensitivity against the masses. Senior NLC officials disclosed this in separate interviews with...
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Equity market loses N1.45tn in one week

21.01.2025
The Nigerian equity market experienced a loss last week, shedding N1.45tn in market capitalisation. The All-Share Index fell by 2.94 per cent, closing the week at 102,353.68 points, while the market capitalisation also dropped by 2.26 per cent to N62.85tn. A total of 2.252 billion shares, valued at N58.83bn, were traded in 63,657 deals, a...
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BVN compulsory for RSA holders from Feb – PenCom

21.01.2025
The National Pension Commission has mandated the provision of Bank Verification Numbers for all Retirement Savings Account registration and data recapture processes effective February 1. A circular signed by the PenCom Head, Surveillance Department, A.M. Saleem, stated that the move would enhance the security and integrity of the pension industry database. The circular reads, “The...
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Illicit demand biggest FX problem —Oyedele

21.01.2025
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says the biggest pressure on the foreign exchange market is illicit demand. Oyedele made this observation on Saturday at The Platform Economic Outlook for 2025 event organised by The Covenant Nation, where he was one of the speakers. Segments of the foreign...
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Ex-FirstBank boss Onasanya dismisses fraud allegation

21.01.2025
A former Group Managing Director of FirstBank, Dr. Bisi Onasanya, has dismissed claims of his involvement in a commercial loan transaction carried out 12 years ago at the lender. Onasanya refuted the allegation in a statement signed by his communication advisor, Mr. Michael Oshunuyi, on Sunday, wherein he described the claims as baseless and an...
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AfreximBank gets ‘AAA/Stable’ rating from China’s CCXI

21.01.2025
Continental bank, African Export-Import Bank, has been assigned a ‘AAA/Stable’ rating by the China Chengxin International Credit Rating Co., Ltd. In a statement on Monday, it was indicated that Afreximbank is the first African Multilateral Financial Institution to receive an AAA rating from CCXI. In its 2024 Credit Rating Report for African Export-Import Bank, CCXI...
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World Bank bans Nigerian companies. over fraudulent practices

21.01.2025
The apex bank disclosed that its investigation uncovered significant violations of its Anticorruption Framework during a 2018 procurement process. The companies and Mr Didam were found to have misrepresented conflicts of interest in bid submissions and accessed confidential tender information from public officials. Furthermore, Viva Atlantic Limited and its CEO falsified experience records submitted forged...
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FG To Establish Reporting Mechanisms For All Forms Of Violence

21.01.2025
….Seeks End to Killings, SGBV, Others The Minister of Women Affairs, Imaan Sulaiman-Ibrahim has hinted that the Ministry is focused on establishing the necessary reporting mechanisms and crisis management centres to help citizens recognize, report, and seek help from abuse through helplines, school-based programs, psycho-social support, and community sensitization initiatives The Minister also condemned the...
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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...

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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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