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AI puts 92 million jobs at risk globally —Report

15.01.2025
A recent World Economic Forum report has predicted that advancements in artificial intelligence will displace 92 million jobs, representing eight per cent of the global workforce, by 2030. The report reveals that 41 per cent of employers worldwide expect workforce reductions as AI automates tasks, with roles like graphic designers and legal secretaries among the...
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IPMAN seeks govt support to deploy CNG stations

15.01.2025
The Independent Petroleum Marketers Association of Nigeria has sought the Federal Government’s financial backing to upgrade their stations to refuelling points for Compressed Natural Gas. IPMAN said its members would need more funds to make CNG available in their filling stations, saying the business is capital-intensive. In an interview with The PUNCH, the National Vice...
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11 banks market capitalisation hit N7.90tn

15.01.2025
Eleven Nigerian banks have seen a total market capitalisation of N7.90 tn. According to Prices for Securities Traded on Monday, Zenith Bank PLC led the Nigerian banking sector with a market capitalisation of N1.47 tn. The bank’s shares are currently priced at N46.85, reflecting a 1.85 per cent increase. Guaranty Trust Holding Company PLC follows...
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Nova Bank asks court to wind up firm over $2.58m debt

14.01.2025
A commercial bank, Nova Commercial Bank, has urged a Federal High Court in Lagos to grant an order winding up Sunrise Products Limited over an alleged failure to liquidate a $2,587,891.21 and N276,567,150.63 debt allegedly owed to the bank. The bank claimed that Sunrise Products Ltd, despite repeated demands by the creditor, which has also...
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Operators project regional trade boost for Nigeria

14.01.2025
Economic experts have said that Nigeria’s active participation in the African Continental Free Trade Agreement is seen as a significant opportunity to boost regional trade and drive economic growth across the African continent. They stated that Nigeria, with its status as Africa’s largest economy and most populous nation, holds a pivotal role in promoting industrialisation,...
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Port rehabilitation delayed despite $700m loan

14.01.2025
Despite securing a $700m loan for the rehabilitation of the Apapa and Tincan Island Ports in Lagos, the Federal Government has yet to commence work on the two major seaports in Nigeria, The PUNCH reports. In April, The PUNCH reported that the Nigerian Ports Authority secured a $700m loan from Citibank for the rehabilitation of...
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Depots raise petrol price to N950/litre

14.01.2025
The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at the depots increased on Monday. The PUNCH gathered that marketers raised petrol and diesel prices at depots by N43 or 4.74 per cent due to the rising crude oil prices. Recall that the cost of Brent, the global benchmark for crude,...
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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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