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FG to mandate employees’ compensation scheme for workers

02.06.2025
The Nigeria Social Insurance Trust Fund is commencing a service-wide sensitisation of civil servants in furtherance of the implementation of the Employees’ Compensation Scheme in the federal civil service. The Managing Director of NSITF, Oluwaseun Faleye, led his team to the office of the Federal Head of Service to kickstart the sensitisation campaign, according to...
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Market cap gain N1.7tn in one week

02.06.2025
The Nigerian Exchange closed the trading week on a bullish note, as investor sentiment turned positive, resulting in a surge of N1.71tn in market capitalisation. According to the weekly trading report released by the NGX, the All-Share Index appreciated by 2.49 per cent to close at 111,742.01 points, while the market capitalisation rose to N70.463...
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CIPM inducts 1,097 new members

02.06.2025
The Chartered Institute of Personnel Management of Nigeria has inducted 1,097 new members into the human resource profession, reiterating that HR practice in the country is a regulated profession that requires legal certification. Speaking at the Institute’s 64th Induction Ceremony held in Lagos recently, the President and Chairman of the Governing Council, Ahmed Gobir, stressed...
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eTranzact, LASEPA push for ESG awareness, financial inclusion

02.06.2025
The Managing Director/Chief Executive Officer of eTranzact International, Niyi Toluwalope, and the General Manager of the Lagos State Environmental Protection Agency, Dr Babatunde Ajayi, and others highlighted the importance of education, community involvement, and initiatives to protect the Lagos environment and coastal economy. The partners spoke at the 2025 Inter-Tertiary Institutions Environmental Summit organised by...
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Mandilas highlights economic achievements at 75

02.06.2025
The Mandilas Group Limited has highlighted its economic footprint in Nigeria as it marked its 75th anniversary of operating in the country. At the landmark celebration held on Saturday, the Group Chief Executive Officer, Ms Ola Debayo-Doherty, said the group has contributed to various sectors of the economy and fostered growth. Tracing the historic journey...
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System liquidity dips N550.9bn amid heavy outflows

02.06.2025
Average system liquidity in May dropped to N550.9 bn from N453.8 bn recorded in the previous month. This decline was driven by outflows through the Standing Deposit Facility, which recorded N827.0 bn; Open Market Operation sales of N1.1 tn; and primary market sales of N1.5 tn. These outflows outweighed inflows from the Standing Lending Facility...
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Lagos seals property over suspected forgery

02.06.2025
The Lagos State Ministry of Physical Planning and Urban Development has sealed off an ongoing building project located at Plot 18, Block J, within Seagate Estate, Lekki Phase 1, Eti-Osa, Lagos, amid allegations of forgery, encroachment, and disobedience to regulatory directives. In a statement, it was noted that the enforcement, carried out by the Lagos...
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Seven banks’ reserves with CBN surge to N18.8tn

02.06.2025
Seven Nigerian banks reported a total of N18.82tn in restricted deposits with the Central Bank of Nigeria as of March 31, 2025, up from the N17.54tn recorded in December 2024. Access Holdings led the pack with N8.64tn locked in, an increase of N1.58tn or 22.4 per cent, from N7.06tn in December 2024. The funds, classified...
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CRMI hails Tinubu over Oseni’s appointment

02.06.2025
The Chartered Risk Management Institute of Nigeria has hailed the decision of President Bola Tinubu to appoint the President and Chairman of the Governing Council of CRMI, Professor Ezekiel Oseni, as the Executive Director, Risk Management, at the National Credit Guarantee Company Limited. In a statement made available to The PUNCH on Sunday, the Institute...
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I apologise for saying no heaven without tithe – Adeboye

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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...

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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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