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NGX begins week in red as investors lose N297bn

14.05.2025
The Nigerian Exchange opened the trading week on a negative note as investors lost N297bn in market value at the close of trading on Monday. The All-Share Index fell by 265.42 points, representing a decline of 0.24 per cent, to close at 108,467.98 points. The market capitalisation also dipped by 0.43 per cent to settle...
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CBN policies may lower inflation to 22.1% – W’Bank

14.05.2025
The World Bank has projected that Nigeria’s inflation rate will average 22.1 per cent in 2025, attributing the anticipated decline to the Central Bank of Nigeria’s tight monetary stance aimed at restoring price stability and anchoring inflation expectations. The projection was contained in a statement published Monday on the World Bank’s website, following the formal...
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Forex market speculators bleed amid fresh regulatory actions

14.05.2025
Foreign exchange market speculators are at the receiving end of fresh regulatory actions aimed at stabilising the exchange rate, FELIX OLOYEDE writes The exchange rate plays a significant role in every economy, as many factors driving economic growth are linked to it. Nigeria relies heavily on imports for most manufactured goods, highlighting the necessity of...
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Nigerian employers tasked to innovate for growth

14.05.2025
Nigerian business owners and employers must embrace innovation as a core survival strategy amid persistent economic challenges, Co-founder of ErrandBoy Nigeria, Fatimoh Mohammed, said on Tuesday. Mohammed, who also serves as CEO of A’Bottles Premium Store, warned that bold ideas alone are insufficient for sustained success. “A great idea is just the starting point,” Mohammed...
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Economic reforms boosted govt revenue to N31tn – World Bank

14.05.2025
Nigeria’s macroeconomic reforms have begun to yield results, strengthening the foreign exchange market and boosting government revenue to an estimated N31.9tn in 2024, according to the latest edition of the World Bank’s Nigeria Development Update report titled “Building Momentum for Inclusive Growth.” The report, released on Monday, highlights that the consolidated fiscal position improved considerably...
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Credo unveils digital payment to empower MSMEs

14.05.2025
Credo by eTranzact has expanded its digital footprint in southern Nigeria by launching a market-level digital payment activation aimed at empowering micro, small, and medium enterprises. In a statement on Monday, the campaign, which took place across three major markets in Port Harcourt, Rivers State, was designed to support informal retailers in transitioning from cash-based...
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Unity Bank trains youths in financial literacy

14.05.2025
In a bid to promote financial literacy and empower Nigerian youths, Unity Bank Plc has conducted training sessions in 13 secondary schools across the country to commemorate the 2025 Global Money Week. In a statement made available to our correspondent by the bank on Monday, the initiative, held under the theme “Think before you follow,...
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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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