February 2025 – Page 67

Shareholders back CBN on bank directors’ non-performing loans

21.02.2025

Some experts and shareholders in the banking industry are in support of the Central Bank of Nigeria, which ordered bank directors with non-performing insider-related loans to immediately resign from their positions to strengthen corporate governance and reduce credit risk exposure. They lent their support during an exclusive chat with The PUNCH. In a circular on...

…He Was A True Nationalist, Patriot – NDDC Boss

21.02.2025

Managing Director, Niger Delta D eve l o p m e n t Commission (NDDC), Dr. Samuel Ogbuku, has described the late elderstatesman, Chief Edwin Clark, as a true nationalist and patriot who has done so much for the Niger Delta region and Nigeria. Ogbuku noted that Clark mentored generations of the people of Niger...

Power generation hits 5,543MW as govt reveals new plans

21.02.2025

The Federal Government has revealed that it is interested in moving most electricity consumers in Nigeria to Band A where they will enjoy a minimum of 20 hours of electricity supply daily. It disclosed this on Wednesday as the Transmission Company of Nigeria announced a major milestone in the nation’s power sector, revealing that Nigeria...

FG Terminates RCC’s Oyo-Ogbonoso Road Contract

21.02.2025

The Federal Government has terminated the contract for the 98-kilometer Oyo-Ogbomoso Road, originally awarded to RCC Construction Company, due to prolonged delays in completion. Minister of Works, Engr. Dave Umahi, announced the decision on Thursday during the Oyo Federal Roads Stakeholders’ Engagement held in Ibadan. Themed “Enhancing Federal Roads in Oyo State: Challenges and Sustainable...

CBN retains 27.5% interest rate

21.02.2025

The Monetary Policy Committee of the Central Bank of Nigeria has retained the country’s benchmark interest rate at 27.50 per cent following its 299th meeting in Abuja. The CBN Governor, Olayemi Cardoso, announced the decision during a press briefing on Thursday, stating that all parameters were unanimously held as the committee assessed the economic outlook...

Boko Haram: Reps Probe USAID Over Terrorism Sponsorship Allegations

21.02.2025

The House of Representatives has set up a Special Committee to conduct a thorough investigation into the allegations made by a US Congressman, Scott Perry, against the United States Agency for International Development (USAID) for sponsoring terrorism in Nigeria. Consequently, the House has mandated its committees of National Security and Intelligence, Defence, Foreign Affairs, and...

Access Holdings, NIBUCAA conduct HIV tests for 2,000 participants

21.02.2025

The Nigerian Business Coalition Against AIDS partnered with Access Holdings to provide free HIV testing to over 2,000 participants at the Access Bank Lagos City Marathon 2025 to promote public health and reduce the spread of HIV/AIDS in the country. According to a statement, the initiative, which took place recently in Lagos also sensitised more...

Gowon To IBB: I Appreciate You For Restoring My Rank, Honour

21.02.2025

Former Head of State, Gen. Yakubu Gowon, yesterday expressed gratitude to the ex-military President, Ibrahim Babangida, for restoring his rank and honour. Dignitaries at the event included President Bola Tinubu, former President Goodluck Jonathan, former Ghanaian President Nana Akufo-Addo, former Heads of State Yakubu Gowon and Abdulsalami Abubakar, and former Vice Presidents Yemi Osinbajo and...

Passenger arrested for stealing on Air Peace flight

21.02.2025

A passenger caught with stolen items on an Air Peace flight from Lagos to Port Harcourt has been arrested and blacklisted by the airline. In a statement on Thursday, the airline’s Head of Corporate Communications, Ejike Ndiulo, confirmed that the suspect was found in possession of the missing items after a thorough search upon arrival...

…Yakassai Says Death A Great Loss

21.02.2025

Leader of the Northern Elders Forum Alhaji Tanko Yakassai, who was at the Asokoro residence of late elderstatesman, Chief Edwin Clark, said the death hit him very hard. He said he had been friends with the late Clark from the days of the regional government. He said: “Politically, wherever he is I will be there,...

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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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Shareholders back CBN on bank directors’ non-performing loans

…He Was A True Nationalist, Patriot – NDDC Boss

Power generation hits 5,543MW as govt reveals new plans

FG Terminates RCC’s Oyo-Ogbonoso Road Contract

CBN retains 27.5% interest rate

Boko Haram: Reps Probe USAID Over Terrorism Sponsorship Allegations

Access Holdings, NIBUCAA conduct HIV tests for 2,000 participants

Gowon To IBB: I Appreciate You For Restoring My Rank, Honour

Passenger arrested for stealing on Air Peace flight

…Yakassai Says Death A Great Loss

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