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CBN licenses 82 BDCs under new guidelines for 2025

09.12.2025
The Central Bank of Nigeria has confirmed that only 82 Bureaux De Change have been licensed to operate, having met its new guidelines. This was disclosed in a statement signed by the Acting Director, Corporate Communications, CBN, Hakama Ali, on Monday. The PUNCH reports that the CBN introduced a new regulatory framework for BDCs in...
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Greenwich Holdings appoints Samson Ariyibi as pioneer GMD

09.12.2025
Greenwich Holdings Limited has appointed Mr Samson Ariyibi as its pioneer Group Managing Director, following receipt of all requisite regulatory approvals and ahead of the formal commencement of business operations. This was disclosed in a statement made available to The PUNCH on Monday. Earlier this year, The PUNCH reported that the Central Bank of Nigeria...
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NNPC Ltd Gets $185m from Frontier Exploration Fund

09.12.2025
The Nigerian Upstream Petroleum Regulatory Commission has disclosed that over $185m and N14.9bn have so far been released to the Nigerian National Petroleum Company Limited from the Frontier Exploration Fund. The commission’s Head of Media and Strategic Communication, Eniola Akinkuotu, made the revelation in a statement issued on Monday, addressing recent reports that the NUPRC...
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NGX market cap rises by N247.21bn on banking stocks

09.12.2025
The Nigerian Exchange Limited opened the week on a positive note as market capitalisation rose by N247.21bn on Monday, driven largely by renewed interest in insurance and banking stocks. At the close of trading, market capitalisation advanced to N94tn, while the benchmark All-Share Index appreciated by 0.26 per cent to finish at 147,427.92 points, extending...
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PalmPay Unveils Purple December Campaign with Digital Prizes

09.12.2025
PalmPay, one of Nigeria’s fastest-growing fintech platforms, has announced the beginning of Purple December, its annual month-long digital activation created to celebrate, appreciate, and reward its vibrant community of users during the festive season and end-of-year period. Running from December 1 to December 26, Purple December is a social media-led campaign that invites PalmPay users...
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Alternative Bank Champions Youth Tech Empowerment in Nigeria

09.12.2025
The Alternative Bank has championed the call for the provision of critical tech resources to young innovators. According to a statement from the bank on Sunday, the call was made at the Jericho Businessmen Club’s third Annual Socio-Economic Summit, which brought together business leaders, policy influencers, and members of the academic community, focused on building...
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Import Reliance Threatens Nigeria’s Housing Market: Report

09.12.2025
Nigeria’s 70 per cent reliance on imported building materials is leaving the housing market dangerously exposed to crippling supply and currency shocks, the State of Lagos Housing Market Report (Volume 3) has warned. According to the report, Nigeria’s abundant raw materials still fall short of reducing reliance on imports due to limited local processing capacity....
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FG Bans Cash Payments to MDAs, Mandates POS Terminals

09.12.2025
The Federal Government has banned the use of physical cash for the payment of revenue and directed Ministries, Departments, and Agencies to install Point of Sale terminals within 45 days. The directive is part of four Treasury circulars issued by the Office of the Accountant-General of the Federation and obtained by The PUNCH on Monday....
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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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