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How to regain financial stability after divorce

09.01.2025
In this piece, HENRY FALAIYE examines key strategies for overcoming financial setbacks after divorce. It offers insights into managing expenses, rebuilding savings, and securing long-term financial independence Divorce is a life-altering event that significantly impacts one’s financial stability, often leaving individuals to navigate uncharted economic territory. In Nigeria, the challenges are further compounded by cultural...
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FX utilisation dips on lower invisible transactions

09.01.2025
The demand for foreign exchange in the third quarter of 2024 dropped primarily due to a significant decline in invisible transactions. This was indicated in the latest Quarterly Statistical Bulletin published by the Central Bank of Nigeria on its website. Invisible transactions are non-physical transactions, such as school fees, student maintenance allowances, medical, and other...
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Okitipupa Oil Palm owner acquires four new mills

09.01.2025
Pink Nominee Ltd, the new core investor of Okitipupa Oil Palm Plc, has commenced a modernisation drive in the company with the acquisition of four new state-of-the-art mills. These new mills were acquired several decades after the first and second mills were installed, and they would be installed at the Ikoya, Apoi, Ilutitun, and Iyansan...
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10 events that shaped aviation industry in 2024

08.01.2025
In the last twelve months, the aviation industry, just like many other sectors of the country, experienced different events that shaped 2024. Leaders and stakeholders continue to strive to put situations into perspective in a flourishing aviation sector. OLASUNKANMI AKINLOTAN writes. The aviation industry in the year 2024 experienced its high and low moments, from...
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MDAs spent N22bn on solar installations in 2024

08.01.2025
Federal ministries, departments, and agencies collectively spent a total of N22,782,065,914.14 on various solar power installations across Nigeria in 2024, according to records accessed by The PUNCH on BudgIT’s accountability platform, GovSpend on Monday. The expenditures, aimed at boosting rural electrification, street lighting, and infrastructure upgrades, were distributed across multiple projects. Below is a breakdown...
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IKEDC decries vandalism, prosecutes two for energy theft

08.01.2025
Ikeja Electric has decried the increasing rate of vandalism within its network. The company disclosed that the persistent damage to its infrastructure is hindering its ability to deliver reliable power to consumers. In a statement released on Monday, Ikeja Electric reiterated its commitment to combating these challenges, including energy theft, which it said continues to...
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CBN, SEC approve GTCO’s N209bn equity capital offer

08.01.2025
Guaranty Trust Holding Company Plc has secured the necessary approvals from the Central Bank of Nigeria and the Securities and Exchange Commission for the first tranche of its equity capital raise programme, successfully raising N209.41bn. In a statement issued on Monday, GTCO disclosed that the offer attracted significant interest from domestic retail investors, resulting in...
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Passengers fault FG’s 50% transport subsidy in four states

08.01.2025
Passengers have faulted the 50 per cent transport palliative scheme of the Federal Government that ended on Sunday, January 5, 2025. They also accused the transport unions and executors of the programme of fraud and sharp practices. Last month, the Federal Ministry of Transportation announced that a 50 per cent yuletide transport palliative would start...
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IMTO inflows rise 63.7% in nine months – CBN

08.01.2025
The Central Bank of Nigeria has reported a 63.7 per cent increase in international money transfer operator inflows during the first nine months of 2024. According to the latest quarterly statistical bulletin released by the apex bank, inflows rose from $2.33bn recorded during the same period in 2023 to $3.82bn in 2024. The significant growth...
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How govt raised oil production to 1.8mbpd – Lokpobiri

08.01.2025
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed how the Federal Government attracted foreign investors to boost oil production to 1.8 million barrels per day. From one million barrels per day in 2023, Lokpobiri stated that oil production has now risen to 1.8mbpd, including condensates. In a statement on Monday, the...
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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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