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CBN urges businesses to embrace export

24.01.2025
The Central Bank of Nigeria has advised businesses to embrace exporting activities in a bid to harness value from the weak state of the naira. This call was made by the Deputy Governor, Economic Policy, Central Bank of Nigeria, Muhammad Abdullahi, on Tuesday during his keynote address at the 11th National Economic Outlook: Implications for...
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Debt servicing gulped N3.57tn in Q3 2024 – DMO

24.01.2025
Nigeria’s total debt service costs, including external and domestic obligations, rose in the third quarter of 2024, reflecting the combined impact of increased external debt service payments and currency depreciation. The total debt service cost for Q3 2024 reached an estimated N3.57tn, marking a quarter-on-quarter increase of N60bn or 1.71 per cent from N3.51tn recorded...
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Researcher Oluwafemi invents models for economic risk management

24.01.2025
A researcher from the Department of Mathematical Sciences at Adekunle Ajasin University, Ondo State, Olatunji Oluwafemi has invented advanced numerical models designed to address economic risks and dynamics, according to a statement released on Monday. The statement emphasised the increasing need for precise computational methods across various sectors, including environmental modelling, chemical processes, and economic...
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FG releases N22bn for accrued pension rights – Punch Newspapers

24.01.2025
The National Pension Commission has revealed that the Federal Government has released an additional N22bn through the Office of the Accountant-General of the Federation for accrued pension rights of retirees in MDAs under the Contributory Pension Scheme. In a statement released on its Instagram page on Tuesday night, PenCom said it was for those who...
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FG targets N1.25tn revenue from wheat production – Punch Newspapers

24.01.2025
The Federal Government has proposed to generate N1.25tn from wheat production in 2025. The goal is part of the ongoing National Agricultural Growth Scheme and Agro-pocket Project, a platform aimed at increasing food security through the distribution of subsidised agricultural inputs to registered farmers nationwide. The National Project Coordinator of NAGS-AP, Ishaku Buba, disclosed this...
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Remita nominated for Product of the Year award

24.01.2025
Payment platform Remita has been nominated in the ‘Product of the Year’ category at the ThisDay 2025 Awards.  In a statement, the platform said that the recognition came on the back of its innovation and excellence in the nation’s financial sector. Remita, developed and powered by Remita Payment Services Limited, a subsidiary of SystemSpecs Holdings,...
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Zenith Bank promotes over 4,000 employees, more expected

24.01.2025
Zenith Bank, one of Nigeria’s biggest lenders, has promoted 4,165 employees as part of a major restructuring exercise aimed at rewarding performance and optimising its workforce, sources familiar with the matter told The PUNCH on Thursday. Further promotions are expected in the coming weeks, pending approval from the Central Bank of Nigeria. This approval may...
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NIA welcomes third-party motor insurance enforcement

24.01.2025
The Nigerian Insurers Association has applauded the Inspector-General of Police and the Nigeria Police Force for the recent announcement of a nationwide enforcement of the Third-Party Motor Insurance Policy, effective February 1, 2025. This initiative aligns with the provisions of Section 68 of the Insurance Act 2003. It is a significant step towards strengthening compliance,...
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NLC asks subscribers to prepare for telecoms boycott

24.01.2025
The Nigeria Labour Congress has called on Nigerians to prepare for a nationwide boycott of telecommunication services in response to the Federal Government’s recent approval of a 50 per cent increase in telecommunication tariffs. However, telecommunication companies insisted that the tariff hike is essential for the long-term sustainability of the sector and the improvement of...
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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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