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Tinubu Orders Tighter Stablecoin Oversight in Nigeria

11.09.2025
President Bola Tinubu has directed financial and capital market authorities to monitor the increasing use of stablecoins and digital currencies in Nigeria, cautioning that the shift away from traditional banking systems presents emerging challenges that must be proactively managed. Speaking at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers of...
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State Debt Soars to N2.57tn in 31 Nigerian States

11.09.2025
Thirty-one states of the federation are trapped in a domestic debt burden of N2.57tn while attracting no foreign capital inflow in the first quarter of 2025, according to findings by The PUNCH. The latest figures from the National Bureau of Statistics and the Debt Management Office paint a worrying picture of limited investor confidence at...
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FG Reserves Contracts Below ₦20bn for Local Firms

11.09.2025
The Federal Ministry of Works has adopted a funding prioritisation framework to guarantee the continuation of critical road projects earlier financed by the Nigerian National Petroleum Company Limited under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme. The Minister of Works, Senator David Umahi, disclosed this during an inspection tour of the dualisation...
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Nigeria Bans Raw Shea Exports to Boost Global Competitivenes

11.09.2025
Nigeria is positioning itself to become a global leader in the shea industry following President Bola Tinubu’s recent decision to temporarily suspend the export of raw shea, Minister of Information and National Orientation, Mohammed Idris, said on Tuesday. The announcement was made at the 20th Institute of Chartered Accountants of Nigeria Northern Zonal Accountants’ Conference...
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Heirs Energies, WLF Launch Digital Literacy Initiative in Ri

11.09.2025
Heirs Energies, one of Africa’s largest indigenous energy firms, has teamed up with the World Literacy Foundation to roll out the Sun Books Literacy Initiative in Rivers State in commemoration of World Literacy Day 2025. The programme equipped more than 500 pupils in two schools within the company’s OML 17 host communities with solar-powered tablets,...
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Africa’s Growth Hindered by Project Execution Gaps

10.09.2025
The African Development Bank has cautioned that Africa’s economic growth will remain constrained unless governments and institutions improve the design and execution of infrastructure and development projects. Speaking at the PMI Global Summit Series Africa in Kigali, AfDB officials and nearly 1,000 delegates argued that without better planning and execution, the continent’s vast economic potential...
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Nigerian Banks’ Recapitalization to Fuel Tech, Lending

10.09.2025
McKinsey and Company has said that the fresh funds being raised by Nigerian banks would likely go towards improving their technology, digital lending and expansion into non-banking operations. This was disclosed by the partner and Financial Services Lead, Africa, Mayowa Kuyoro, at the maiden Media Day of McKinsey & Company in Lagos on Tuesday. Nigerian...
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CrusaderSterling Pensions Upgraded to AA- by Agusto & Co.

10.09.2025
Pan African rating agency, Agusto & Co., has upgraded CrusaderSterling Pensions Limited AA-(PFM) from A+(PFM). Announcing the development on Tuesday, the pension sector player said the upgrade reflected its robust investment capabilities, effective pension administration, and sound risk management practices. This upgrade comes 14 months after the receipt of its A+(PFM) rating in 2024, when...
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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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