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SEC moves to hasten equities trade settlement

06.06.2025
The Securities and Exchange Commission has announced that the Nigerian capital market will transition to a T+2 settlement cycle for equities transactions from November 28, 2025. In a statement on Wednesday, the change follows a review of the current settlement cycle and extensive consultations with stakeholders, the commission said in a circular issued on Tuesday....
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USSD war: Telcos oppose airtime charges for bank transfers

06.06.2025
Telecom operators under the Association of Licensed Telecommunications Operators of Nigeria have refuted claims by Deposit Money Banks that the Nigerian Communications Commission instructed them (DMBs) to deduct Unstructured Supplementary Service Data transaction fees directly from customers’ airtime balances instead of their bank accounts. This comes amid growing concerns from customers after several banks, including...
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Onne Terminal expands scholarship scheme for students

06.06.2025
The WACT-APM Terminals Nigeria said it has expanded its scholarship scheme by providing education opportunities to an additional 49 deserving students from its host communities of Onne and Ogu in Rivers State, including the children of two employees of the company. Announcing this in a statement on Monday, the terminal operator added that the scholarship...
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Tinubu inaugurates Sahara Group’s 180MW power plant

06.06.2025
President Bola Tinubu on Wednesday inaugurated the 180MW Afam II Power Plant located in Oyigbo, Rivers State. The plant was completed by Africa’s largest private power business, Sahara Power Group, in partnership with Crescendough Nigeria Limited, reinforcing the critical role of private-sector collaboration in driving sustainable energy solutions in the country. Sahara Power Group, a...
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Marine surveyors push for improved operational standards

06.06.2025
The Centre for Marine Surveyors in Nigeria has begun a strategic initiative aimed at raising operational standards and reinforcing regulatory frameworks within the nation’s marine and cargo survey sub-sector. The group announced this in a statement on Tuesday signed by its President of the Centre, Engr Akin Olaniyan. Olaniyan said that the Centre was also...
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Group urges terminal to suspend empty containers intake

06.06.2025
The Sea Empowerment and Research Centre has urged APM Terminals Apapa to stop receiving empty containers until the existing stock is cleared to prevent further congestion. This was contained in a report on Monday by the group signed by its Head of Research, Mr Eugene Nweke, tagged ‘Sea Empowerment Research Centre proffers workable solutions to...
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Tinubu tackles electricity crisis amid mounting hurdles

06.06.2025
President Bola Tinubu’s administration is grappling with mounting challenges in its quest to revamp Nigeria’s crippling power sector as vandalism, poor distribution infrastructure, and other issues threaten to derail progress despite efforts to boost supply and increase generation, DARE OLAWIN reports When President Bola Tinubu was campaigning for his election, he promised to provide Nigerians...
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Xpress Payments appoints Wale Olayisade as acting MD

06.06.2025
The Board of Xpress Payment Solutions Limited has appointed Mr. Wale Olayisade as the acting Managing Director of the company, with effect from June 1, 2025. The fintech company said this in a statement on Wednesday, noting that the appointment is subject to regulatory approval by the Central Bank of Nigeria. The board also confirmed...
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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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