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NIPOST unveils automated payment solution for foreign parcel

The Federal Government on Thursday unveiled the Nigerian Postal Service Automated Payment Solution for inbound international delivery items, an innovation expected to eliminate long queues, improve transparency, and simplify customs payments for millions of users and businesses engaged in cross-border trade across Nigeria. The launch, held in Abuja, marks a major milestone in NIPOST’s ongoing...
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Nigerians lose N316bn to Ponzi schemes says SEC

The Securities and Exchange Commission has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years, warning that greed and ignorance are sustaining the menace. The Head of FinTech and Innovation Department at the Commission, AbdulRasheed Dan-Abu, disclosed this at a journalists’ academy, a training organised by the commission...
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Why Dangote refuses to buy moribund NNPC refineries

The President of the Dangote Group, Alhaji Aliko Dangote, has rejected suggestions that he could buy one of the moribund government refineries instead of expanding the capacity of his refinery from 650,000 barrels per day to 1.4 million bpd. Dangote stated this recently while announcing the expansion of the $20bn facility in Lekki, Lagos State....
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Nigeria secures $500m for solar manufacturing plants

The Federal Government, in partnership with state governors and private investors, has secured nearly $500m to establish solar manufacturing plants across Nigeria, the Minister of Power, Adebayo Adelabu, has disclosed. Adelabu made this known at the ongoing Nigeria Energy Conference in Lagos, where he also announced that Nigeria had begun exporting locally manufactured solar panels...
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ASSBIFI decries high rate of casualisation in banks

The Association of Senior Staff of Banks, Insurance and Financial Institutions on Thursday raised the alarm over the rising rate of casualisation in Nigeria’s banking and financial institutions. According to Olusoji Oluwole, National President of ASSBIFI, approximately 60% of the operational workforce in banks today consists of contract staff. Speaking during the annual conference of...
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The Alternative Bank & Utiva offer women in tech scholarship

The Alternative Bank has announced the launch of The Alternative Bank-Utiva Women in Tech Scholarship, an initiative designed to empower women entrepreneurs with digital skills, innovation design, and business growth training. In a statement, it was revealed that the scholarship was unveiled during a virtual convening held to commemorate the International Day for Rural Women....
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Governance professionals urged to adapt to digital & ESG shi

The Institute of Chartered Secretaries and Administrators of Nigeria has urged governance professionals across the country to embrace digital transformation and integrate Environmental, Social, and Governance principles into their operations to remain relevant in today’s rapidly changing business environment. Speaking at the 2025 Annual Summit of the ICSAN Lagos State Chapter held in Lekki, Lagos...
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SEC, CBN, EFCC partner to freeze illicit digital wallets

The Securities and Exchange Commission has announced a partnership with the Central Bank of Nigeria and the Economic and Financial Crimes Commission to trace and freeze illicit digital wallets used for money laundering and other financial crimes. In a statement made available to our correspondent on Thursday, the Director-General of the SEC, Emomotimi Agama, disclosed...
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Reps probe excessive bank charges and tax deductions

The House of Representatives has inaugurated an ad-hoc committee to investigate growing concerns over excessive tax deductions from the earnings of civil and public servants, as well as multiple and unclear bank charges imposed on customers of deposit money banks. The committee, chaired by Rivers lawmaker, Kelechi Nwogu, was inaugurated in Abuja on Thursday by...
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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...