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Fidelity Bank Targets June Exit from CBN Forbearance

19.06.2025
Fidelity Bank has emerged as the latest lender to indicate that it will bring its forbearance exposure under regulatory compliance by the first half of 2025. In a press statement filed with the Nigerian Exchange Limited on Wednesday night, the lender indicated that its Single Obligor Limits forbearance relates to two obligors and that its...
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First LNG Ship Arrives at Apapa Terminal

19.06.2025
APM Terminals Apapa has announced receiving the first liquefied natural gas-powered containership to visit West Africa. Disclosing this in a statement on Wednesday, the terminal stated that the berthing of the vessel named ‘Kota Oasis’ marked a significant milestone in the terminal’s operations. According to the statement, the vessel, measuring 260 metres in length and...
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Lekki Port Trade Booms After Road Fix

19.06.2025
The management of Lekki Port LFTZ Enterprise Limited says the inauguration of the Lekki Deep Seaport access road has boosted the confidence of shippers and other stakeholders to import and export goods through the port. The port stated this in a statement recently. Recall that a few weeks ago, President Bola Tinubu inaugurated the 37-kilometre...
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Low Bids Halt FG’s Privatization Plan

19.06.2025
The Federal Government has delayed the sale of five National Integrated Power Projects due to low bids from prospective investors, even as the Transmission Company of Nigeria grapples with a mounting debt profile of N457bn. The TCN Executive Director of Transmission Service Provider, Oluwagbenga Ajiboye, made this known during a capacity-building workshop for journalists in...
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Dantsoho Prioritizes Human Capital Development

19.06.2025
The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has reiterated that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch. According to a Wednesday statement by the General Manager of Corporate & Strategic Communications of NPA, Mr Ikechukwu Onyemekara, Dantsoho stated this when he received...
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Nigerian Mariners Ready to Lead

19.06.2025
The Nigerian Association of Master Mariners has stated that the association is not only well-prepared to support the blue economy drive but has also been at the forefront of advocating best practices long before the term became mainstream locally. The National President of the NAMM, Captain Tajudeen Alao, stated this recently in Lagos during the...
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NGX Gains N1.18tn: Oil, Insurance Boost Market

19.06.2025
The Nigerian Exchange closed on a positive note on Wednesday, as buying interest in insurance and oil and gas stocks drove a broad-based rally, resulting in a market capitalisation gain of N1.18tn, the largest single-day rise recorded so far this week. At the close of trading, the All-Share Index surged by 2,246.00 points, representing a...
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Nigeria Seeks IMO Election Support

19.06.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has engaged in high-level meetings with leaders from several island nations to solicit support for Nigeria’s bid for election into Category C of the International Maritime Organisation Council later this year. According to a statement by the Special Adviser, Media and Communications, to the Minister, Dr...
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FG Raises N4bn from Savings Bond Offer

19.06.2025
The Federal Government of Nigeria has raised a total of N4.01bn from its June 2025 Savings Bond issuance, according to the allotment results released by the Debt Management Office on Wednesday. The offer, which ran from June 2 to June 6, 2025, comprised two tranches: a two-year bond due in June 2027 with a coupon...
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Stanbic IBTC’s Blue Blossom Event

19.06.2025
Stanbic IBTC Bank is set to empower women to break barriers, build legacies, and scale new heights with its annual Blue Blossom Community event. According to the bank, this year’s theme is ‘Bloom into More.’ Bloom Weekend is a gathering dedicated to accelerating women’s leadership, financial independence, and entrepreneurial success. The event will commence with...
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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...

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04.10.2024
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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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