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Ministry inaugurates N250bn real estate investment fund – Punch Newspapers

The Federal Government through its finance ministry, has inaugurated the N250bn Ministry of Finance Incorporated Real Estate Investment Fund aimed at bridging Nigeria’s housing finance gap, fostering affordable housing, and stimulating economic growth. According to a press statement on Tuesday by the Director of Information and Public Relations at the Ministry of Finance, Mohammed Manga,...
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FG urged to review interest rate, support local manufacturers

The Chief Executive Officer of UBACLE Group, Uba Michael, has urged the Federal Government to support local manufacturers by revisiting the country’s high interest rates. Michael made the appeal in his New Year message on Wednesday, emphasising the importance of creating a favourable business environment to foster economic growth. His remarks come in the wake...
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Protect power infrastructure, minister begs Nigerians

Nigerians have been urged to show patriotism in their actions, attitudes, and dispositions, particularly towards the nation’s critical power infrastructure. The Minister of Power, Adebayo Adelabu, made the call in his New Year message to Nigerians on Wednesday. In a statement signed by his Special Adviser on Strategic Communications and Media Relations, Bolaji Tunji, in...
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FX pressure will reduce as Warri refinery resumes – Senator

The lawmaker representing Delta Central Senatorial District in the National Assembly, Ede Dafinone, has applauded President Bola Tinubu for the resuscitation and commencement of operations by the Warri Refinery and Petrochemical Company. Dafinone, in a New Year message made available to journalists in Warri, Delta State, on Wednesday, noted that “this monumental achievement will significantly...
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NGX All-Share Index soars by 283.45% since 2020

The Nigerian Exchange Limited has recorded growth in the 2020s, breaking away from the challenges of the 2015–2019 period. The NGX All-Share Index has surged by 283.45 per cent since 2020, rising from 26,842.07 points at the end of 2019 to 102,926.40 points as of December 2024. In 2024 alone, the ASI posted an annual...
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Silverbird rewards World of Records winners

Silverbird Group has announced the winners of its food-eating competition under Silverbird’s World of Records, an initiative spotlighting individuals’ talent. The company noted in a statement that the contestants of its SWORD Food Battle held recently in Lagos, “displayed exceptional endurance and skill, with the winners emerging as a testament to Nigerian grit and resilience.”...
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NUPRC releases upstream petroleum decarbonisation template

The Nigerian Upstream Petroleum Regulatory Commission has released the Upstream Petroleum Decarbonisation Template which will become a requirement for issuing licences and permits effective January 2025. The move is targeted at ensuring compliance with Nigeria’s broader climate objectives, including its commitment to Net Zero by 2060. This was disclosed in a statement signed by the...
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Bank customers withdrew N364bn in November – CBN report

Nigerians withdrew N364.38bn from banks in November 2024 amid the cash scarcity witnessed in many parts of the country, the latest data from the Money and Credit Statistics of the Central Bank of Nigeria revealed. CBN also stated that currency outside banks surged to N4.65tn from N4.29tn in October, reflecting an 8.5 percent month-on-month increase....
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NGO trains 30 Osun women in adire production

A non-governmental organisation, Akinkanju, has trained 30 widows and single mothers drawn from all parts of Osun State in various vocations. The beneficiaries were trained in adire textile production, household essentials, soap making, and bedspread production. The founder of the NGO, Mrs Bosede Nwachi, while speaking during a graduation ceremony organised for the beneficiaries held...
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Govt receives locally assembled CNG buses for airport shuttle

The Federal Government has taken delivery of the first batch of locally assembled Compressed Natural Gas buses, marking the beginning of their deployment for airport shuttle services across Nigeria. This disclosure was made in a statement on Tuesday. The buses, produced by Lanre Shittu Motors, were received at the Murtala Muhammed Airport, Lagos, by officials...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...