February 2025 – Page 91

Manufacturing costs soared by 18.2% in Q4 – MAN – Punch Newspapers

19.02.2025

Production and distribution costs in the manufacturing sector surged by 18.2 per cent in the fourth quarter of last year, highlighting the macroeconomic environment’s worsening impact on manufacturers. Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, disclosed this on Monday in the Q4 2024 Manufacturers CEO Confidence Index report, which painted a grim picture...

EFCC, NDIC Synergize On Financial Crimes In Banking Sector

19.02.2025

The Economic and Financial Crimes Commission (EFCC) and the Nigeria Deposit Insurance Corporation (NDIC) have reaffirmed their commitment to strengthening collaboration in safeguarding Nigeria’s financial system. This was a key highlight of discourse during a courtesy visit by the Zonal Director of the Ilorin Zonal Directorate of the EFCC, Harry Erin, to the Zonal Controller...

Housing industry plans PPP summit to tackle deficit – Punch Newspapers

19.02.2025

Housing industry stakeholders, including private sector developers, investors, financial institutions, and multilateral housing organisations, are set to convene for the Renewed Hope Housing PPP Summit. In a statement, it was noted that it was a landmark event aimed at unlocking the potential of public-private partnerships to accelerate housing delivery and urban development in Nigeria. It...

Vanguard Reporter Emerges Osun NUJ Correspondents’ Chapel

19.02.2025

The Osun State Correspondents’ Chapel of the Nigeria Union of Journalists (NUJ), has elected a new executive to run the affairs of the chapel for the next three years. Meanwhile, Ayobami Agboola of New Telegraph Newspaper emerged as the Vice Chairman A statement by the chairman of the credentials committee, Timothy Agbor, declared Abubakar the...

2,798 passengers report maltreatment by airlines to NCAA – Punch Newspapers

19.02.2025

About 2,798 passengers have reported different forms of maltreatment meted out to them by both international and domestic airlines to the Nigeria Civil Aviation Authority, The PUNCH reports. While some of the passengers are seeking refunds for cancelled flights or missing belongings, others reported various consumer rights violations. Some have even taken legal action against...

Goronnyo Calls For Increased Funding For FERMA

19.02.2025

The Minister of State for Works, Bello Goronyo, has called for increased funding for the Federal Road Maintenance Agency (FERMA) for effective maintenance of federal roads across the country. He made the call when inspecting the Lafia-Shendam Plateau border road maintenance project during a visit to the area on Tuesday, and observed that the annual...

CBN seeks stronger Nigeria-Middle East economic ties – Punch Newspapers

19.02.2025

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called for stronger economic ties between Nigeria and the Middle East, emphasising the need for collaboration in infrastructure, tourism, and financial sector development. This was according to a press statement issued by the bank on Monday. Speaking on the sidelines of the inaugural Conference...

Tinubu’s Minister Calls For Increased Funding For FERMA

19.02.2025

The Minister of State for Works, Bello Goronyo, has called for increased funding for the Federal Road Maintenance Agency (FERMA) to enhance the maintenance of federal roads across the country. Goronyo made this appeal on Tuesday while inspecting the Lafia-Shendam Plateau border road maintenance project. He observed that the annual budgetary allocation to FERMA is...

20,000 communities without electricity in Nigeria – REA – Punch Newspapers

19.02.2025

The Rural Electrification Agency has inaugurated a 550kWp solar hybrid mini-grid project in Bakin Ciyawa and Kwande communities, Qua’an Pan Local Government Area of Plateau State to electrify 3,500 households. This was as it disclosed that at least 20,000 communities nationwide were currently without access to electricity. The REA Managing Director, Abba Aliyu, said this...

PDP Affirms Ude-Okoye As Nat’l Secretary

19.02.2025

…Fixes N40M Anambra guber form The People’s Democratic Party (PDP) has finally acknowledged Sunday Ude-Okoye as its National Secretary. This is as the party has fixed its expression of interest and nomination forms fees for the November 8 Anambra State election at N5 million and N35 million respectively. PDP in a letter sent to its...