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PEBEC to establish commercial courts, state councils

22.01.2025
The Presidential Enabling Business Environment Council is set to establish commercial courts and subnational councils as part of efforts to improve the country’s business climate. PEBEC noted the establishment of a nationwide presence was central to its 2025 work plan to drive the ease of doing business chiefly through subnational reforms and commercial courts for...
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BVN enrolments hit 64.8m

22.01.2025
The total number of Bank Verification Numbers issued in Nigeria climbed to 64.8 million in January 2025, marking a 2.14 per cent increase from the 63.5 million recorded at the end of 2024. In recent data released by the Nigeria Inter-Bank Settlement System, in 2021, BVN enrolment stood at 51.9 million, showcasing the initiative’s early...
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Equity market opens week with N10bn gain

22.01.2025
The Nigerian Stock Exchange opened the week on a positive note on Monday, with a market capitalisation increase of N10bn. The All Share Index appreciated by 0.02 per cent, closing at 102,370.62 points, slightly up from 102,353.68 points recorded on the previous trading day. Despite the positive movement, the market is still negative for both...
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Subscribers reject 50% tariff hike, threaten to sue NCC

22.01.2025
The National Association of Telecoms Subscribers says it will sue the Nigerian Communications Commission over the 50 per cent tariff hike. On January 20, the NCC approved the request of telecommunications companies (telcos) to increase tariffs. The adjustment came after the Association of Licensed Telecommunications Operators of Nigeria and the Association of Telecommunications Companies of...
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W’Bank bans two Nigerian firms, CEO over corruption

22.01.2025
The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria. In a statement issued on Monday, the World...
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CAPPA seeks N300m budget for tobacco control in Nigeria

22.01.2025
The Corporate Accountability and Public Participation Africa has called on the National Assembly to significantly increase the budgetary allocation for tobacco control in the 2025 national budget. The organisation disclosed this in a statement on Tuesday. It is advocating for the allocation to rise from the current N10m to N300m, arguing that this funding is...
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Consumer goods sector faces setback as market caps fall

22.01.2025
The Nigerian consumer goods sector is facing challenges as key stocks in beverages, food products, and household durables experience price decline, resulting in a drop in market capitalisation. In the beverages sector, Golden Guinea Breweries recorded no market cap and a stagnant price of N8.64, while Guinness Nigeria Plc’s price dropped by 35 per cent...
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CAC registers 100,000 POS operators

22.01.2025
The Registrar-General of the Corporate Affairs Commission, Hussaini Magaji, has disclosed that 100,000 Point of Sale operators have officially registered their businesses with the commission under its POS formalisation project. According to the Nigeria Inter-Bank Settlement System, there are over 1.9 million PoS terminals deployed by merchants and individuals nationwide. The Registrar General stated that...
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FG plans 21% ICT contribution to GDP

22.01.2025
The Minister of Communications, Innovations, and Digital Economy, Dr Bosun Tijani, has announced the Federal Government’s plans to raise the contribution of the Information and Communications Technology sector to Nigeria’s Gross Domestic Product to 21 per cent within the next two to three years. He made this disclosure on Monday at the Public Servant Training...
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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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