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Travel agents decry CBN dollar repatriation policy

Travel agents in Nigeria are facing challenges due to the recent policy of the Central Bank of Nigeria that limits dollar transactions. These restrictions are impacting their ability to send funds from ticket sales to international airlines. Travel agents and airline officials said the development is causing concerns in the sector. Recall that during the...
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Dangote refinery cancels June maintenance – Report

The 650,000 barrels per day Dangote Petroleum Refinery has reportedly cancelled its scheduled maintenance for June at its 204,000 barrels per day gasoline-producing unit, following the completion of critical works during an unplanned shutdown that lasted over a month. A report by Reuters on Tuesday said the maintenance, originally slated for next month (June), was...
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Sahara Group to support power initiatives in Ogun

Sahara Group is in talks with the Ogun State Government to boost power supply in Abeokuta, the state capital. Governor of the state, Dapo Abiodun, disclosed this yesterday in a statement on his social media handles. According to him, the state has hosted the Sahara Group team led by the Managing Director, Kola Adesina. Abiodun...
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Women hold 33% of formal jobs in Nigeria – Report

A new report by global consulting firm McKinsey & Company has revealed that women occupy only 33 per cent of formal jobs in Nigeria, raising concerns over gender representation in the country’s private sector. Partner at McKinsey & Company, Mayowa Kuyoro, who co-authored the report, disclosed this representation in a statement. McKinsey unveiled the report...
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Firm celebrates Africa CIO award

BAT Marketing Nigeria has celebrated a landmark achievement as Head of Information and Digital Technology for BAT West and Central Africa, Adesegun Orafidiya, was named a winner at the 2024 Africa CIO Awards for his transformative leadership in driving digital innovation. The company revealed that the accolade, presented by the Africa ICT Alliance, underscores BAT...
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Industry leaders to advance energy business at NOG

Industry leaders are set to gather and deliberate on the advancement of Nigeria’s energy sector at the 24th NOG Energy Week, scheduled from 29 June – 3 July 2025 in Abuja The conference, themed ‘Accelerating Global Energy Progress Through Investment, Partnerships & Innovation’, is viewed as the largest energy gathering in Sub-Saharan Africa. A statement...
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NGX begins week in red as investors lose N297bn

The Nigerian Exchange opened the trading week on a negative note as investors lost N297bn in market value at the close of trading on Monday. The All-Share Index fell by 265.42 points, representing a decline of 0.24 per cent, to close at 108,467.98 points. The market capitalisation also dipped by 0.43 per cent to settle...
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CBN policies may lower inflation to 22.1% – W’Bank

The World Bank has projected that Nigeria’s inflation rate will average 22.1 per cent in 2025, attributing the anticipated decline to the Central Bank of Nigeria’s tight monetary stance aimed at restoring price stability and anchoring inflation expectations. The projection was contained in a statement published Monday on the World Bank’s website, following the formal...
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Forex market speculators bleed amid fresh regulatory actions

Foreign exchange market speculators are at the receiving end of fresh regulatory actions aimed at stabilising the exchange rate, FELIX OLOYEDE writes The exchange rate plays a significant role in every economy, as many factors driving economic growth are linked to it. Nigeria relies heavily on imports for most manufactured goods, highlighting the necessity of...
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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...