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African Alliance, Guinea Insurance, others fined N74m

30.12.2024
Five insurance companies have been fined N74m by the Nigerian Exchange for defaulting on filing their financial reports when due. This was disclosed in the latest X-Compliance Report released by the local bourse on Friday. X-Compliance Report is a transparency initiative of NGX Regulation Limited designed to maintain market integrity and protect investors by providing...
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Higher budget deficit may further depreciate naira – Fitch

30.12.2024
Fitch Ratings has warned that Nigeria’s efforts to stabilise its economy could face significant challenges if it fails to meet its fiscal deficit reduction targets. The global credit rating agency noted that a larger-than-expected budget deficit in 2025 could lead to further naira depreciation, higher inflation, and increased borrowing costs, ultimately threatening the government’s reform...
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Nigerian Breweries promotes cultural heritage at Calabar Carnival

30.12.2024
Nigerian Breweries has reaffirmed its commitment to promoting the nation’s cultural richness and unity by sponsoring the 2024 Calabar Carnival and Festivals.  Known as Africa’s largest cultural celebration, the festival is a vibrant showcase of art, music, dance, and diversity, attracting thousands of participants and visitors worldwide. This year’s theme, “Our Shared Prosperity,” highlights the...
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Maritime unions laud NPA for career advancement

30.12.2024
Maritime unions under the auspices of the Maritime Workers Association of Nigeria and the Senior Staff Association of Statutory Corporation and Government-Owned Companies have lauded the Minister of Marine & Blue Economy, Adegboyega Oyetola, and the Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, for career advancement and staff welfare. This was contained...
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NUBIFIE seeks NASS intervention over contract staffing

30.12.2024
The President of the National Union of Banks, Insurance, and Financial Institution Employees, Anthony Abakpa, has called for the intervention of the National Assembly in improving the welfare of contract staff in the financial sector. Abakpa made this call in an exclusive chat with Sunday PUNCH. The International Labour Office described contract labour as covering...
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FCMB, NNEW graduate 215 women entrepreneurs

30.12.2024
The FCMB SheVentures Mentoring Programme, in collaboration with NECA’s Network of Entrepreneurial Women, has graduated 215 women entrepreneurs through mentoring. Both partners held the virtual graduation ceremony for the women entrepreneurs recently. According to a statement, the initiative, now in its 11th cohort, empowers women in business with essential skills, market access, and networking opportunities....
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NGX transactions drop 12% to N422bn – Report

30.12.2024
The Nigerian Exchange recorded a decline in total transactions in November 2024, dropping by 12.01 per cent to N442.34bn compared to N502.73bn in October 2024. This was disclosed in the Domestic & Foreign Portfolio Investment Report of Nigerian Exchange Limited on Friday. According to the report, domestic transactions contributed N401.40bn in November, representing an 11.83...
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Sterling One Foundation expands environmental programme

30.12.2024
Sterling One Foundation has expanded its Beach Adoption Programme, a climate initiative focused on waste recovery and marine pollution reduction, in the aftermath of the COP29 in Baku, Azerbaijan held recently. The announcement was made in a statement issued on Friday. The COP29, or the 29th United Nations Climate Change Conference held from November 11–22,...
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Firm empowers SMEs, commits to intra-African trade

30.12.2024
Leading trade and investment consultancy, Compass Global Business Services has concluded the second edition of its West Africa Meets East Africa Trade Mission and Business Development Tour. A statement on Saturday by the Chief Executive Officer, Mrs Tokunbo Chiedu, this dual-country initiative, spanning Kenya and Tanzania aimed to unlock the African Continental Free Trade Area...
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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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