May 2025 – Page 215 – Rise Africa

Edun Lauds CBN Reforms, Hails Net Foreign Exchange Reserve At $23bn

06.05.2025

The Economic Management Team (EMT) has lauded the Central Bank of Nigeria (CBN) for its interventions in the economy. EMT recalled such interventions implemented at a crucial stage of the economy, which restored confidence in the external sector. Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, who chaired EMT session yesterday,...

CBN reforms reshape external sector amid diaspora inflows

06.05.2025

As Nigeria’s external sector undergoes transformation, SAMI TUNJI examines how foreign exchange reforms, declining central bank dominance, rising diaspora inflows, and transparency are redefining the dynamics of the foreign exchange market. Nigeria’s external sector is undergoing realignment as the Central Bank of Nigeria’s foreign exchange reforms begin to alter market behavior, investor engagement, and diaspora...

FAAN eyes increased stake in $185bn cargo market

06.05.2025

In a bid to increase Nigeria’s exports, the Lagos airport’s cargo terminal is being transformed, with nearly 90 per cent of the registration phase completed. The Federal Airports Authority of Nigeria is spearheading this reform, which could enable the nation to increase its share in the global cargo work market. The Global Market Insight had...

CBN: Increased Competition Boosts Demand Deposits To N33.96trn

06.05.2025

After falling to N32.19 trillion in January this year, demand deposits headed north to hit N33.96 trillion in March, latest data released by the Central Bank of Nigeria (CBN) shows. Demand deposits are customers’ funds in current and savings accounts, which they (customers) can withdraw or make transactions with at any time without needing to...

Stakeholders commend approval of blue economy national policy

06.05.2025

Maritime stakeholders have lauded President Bola Tinubu on the approval of a 10-year National Policy on the Marine and Blue Economy. On Monday, the Special Adviser to the President, Sunday Dare, through his X account, announced that the President has approved a 10-year national policy on the Marine and Blue Economy, which would span between...

Abia North: Community Commends Kalu’s Road Devt Project

06.05.2025

Amankalu community and Igbere people in Abia North Senatorial District have extended their heartfelt appreciation to Senator Orji Uzor Kalu for his visionary leadership and unwavering commitment to the development of communities. The community in a statement said the ongoing road construction project initiated from Amankalu and connecting to Igbere-Abiriba Road, stands as a testament...

NDPC to resolve data breach dispute with Meta

06.05.2025

The Nigeria Data Protection Commission has expressed its commitment to resolving the recent data breach issue involving Meta Platforms Inc. through dialogue and collaboration. This came as an advocacy group, Techsocietal, told The PUNCH on Monday that a potential withdrawal of Meta’s Facebook and Instagram platforms from Nigeria, prompted by $290m in fines and stringent...

VDM: Cybercrime Act Akin To Decree 2, Says NGE

06.05.2025

The incessant arrest of Nigerians, especially journalists, including online journalists, bloggers, and content creators, by the Nigerian Police Force (NPF) and Economic and Financial Crimes Commission (EFCC), under the Cybercrime Act of 2024 charges, has been likened to the use of Decree 2 of 1984 deployed to jail journalists during the military rule. This assertion...

Julius Berger wins construction award at NUJ

06.05.2025

Julius Berger Nigeria Plc has clinched the prestigious Construction Company of the Year Award as journalists celebrate the 2025 World Press Freedom Day in Abuja. In a statement, the National President of the Nigeria Union of Journalists, Alhassan Yahya, who presented the award plaque to Julius Berger at the event, noted that Julius Berger Nigeria...

World Bank To FG: Protect Poor Against Inflation, Boost Livelihoods

06.05.2025

The World Bank has advised the Federal Government to implement reforms that protect the country’s poorest against rising inflation. The bank also advised the government to boost the livelihoods of all Nigerians through more productive work, which it said is key to reversing high poverty levels. The World Bank stated this in its latest April...

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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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Edun Lauds CBN Reforms, Hails Net Foreign Exchange Reserve At $23bn

CBN reforms reshape external sector amid diaspora inflows

FAAN eyes increased stake in $185bn cargo market

CBN: Increased Competition Boosts Demand Deposits To N33.96trn

Stakeholders commend approval of blue economy national policy

Abia North: Community Commends Kalu’s Road Devt Project

NDPC to resolve data breach dispute with Meta

VDM: Cybercrime Act Akin To Decree 2, Says NGE

Julius Berger wins construction award at NUJ

World Bank To FG: Protect Poor Against Inflation, Boost Livelihoods

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I apologise for saying no heaven without tithe – Adeboye

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