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PenCom Bars PFAs from Investing in Banks’ AT1 Capital

20.08.2025
The National Pension Commission has warned Pension Fund Administrators against investing in the Additional Tier-1 Capital of Deposit Money Banks. In a circular addressed to all licensed Pension Fund Operators, which was signed by the Director, Surveillance Department, A.M. Saleem, PenCom said that the definition of AT1 doesn’t meet the provisions of assets that PFAs...
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Empowering Women-Led Businesses Through AfCFTA

20.08.2025
The Immediate Past Chairman of the Organised Private Sector of Nigeria and 22nd National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Dele Kelvin Oye, has disclosed that empowering women-led enterprises under the African Continental Free Trade Area framework is key to unlocking Africa’s vast economic potential. Speaking at a...
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Nigeria’s $1tn GDP Goal Faces Hurdles: Inflation, Oil Output

20.08.2025
Investment research and advisory firm Afrinvest has cast doubt on President Bola Tinubu’s ambitious projection that Nigeria’s economy would quadruple to $1tn by 2030, citing inflation, low oil output, and persistent power sector challenges as major obstacles. At the recently concluded BRICS summit in Brazil, President Tinubu declared that Nigeria’s real GDP growth would reach...
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Jaiz Bank Targets N150bn Capital After CBN Recapitalization

20.08.2025
Jaiz Bank Plc plans to raise its capital base to N150bn after confirming compliance with the Central Bank of Nigeria’s recapitalisation directive. The Managing Director and Chief Executive Officer of the bank, Haruna Musa, disclosed this on Tuesday during a press briefing at the unveiling of the bank’s new corporate identity in Abuja. Musa explained...
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Nigerian Equities Market Plunges N1.33 Trillion in Sell-Off

20.08.2025
The equities market, after a day of bullish sessions, reversed its bullish trend on Tuesday, recording a loss of N1.33 trillion due to sell-offs. this Sell-offs in major stocks like Dangote Cement, RT Briscoe, Royal Exchange, Jaiz Bank, WAPIC Insurance, and 34 other stocks drove the market into negative territory. The market capitalisation of listed...
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Nigeria Economic Summit to Focus on Reform Agenda

20.08.2025
The Nigerian Economic Summit Group in partnership with the Federal Ministry of Budget and Economic Planning, has officially launched preparations for the 31st Nigerian Economic Summit. Themed ‘The Reform Imperative: Building a Prosperous and Inclusive Nigeria by 2030,’ this year’s summit will take place in October in Abuja. NESG said the summit will focus on...
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Tinubu Scraps 5% Telecom Tax in Nigeria

20.08.2025
The Executive Vice-Chairman of the Nigerian Communications Commission, Dr Aminu Maida, has confirmed that President Bola Tinubu has removed the five per cent excise duty on telecommunications services in the new tax laws, a move expected to ease cost pressures on subscribers. Speaking at an interactive session with journalists in Abuja on Tuesday, Maida explained...
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Lagos, Ogun, FCT Top Petrol Consumption in Nigeria

20.08.2025
Lagos, Ogun and the Federal Capital Territory, Abuja, have been identified as major consumers of Premium Motor Spirit (petrol), according to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The NMDPRA PMS truckout report for June indicated that a total of 1.44 billion litres of petrol were sent to states. The total...
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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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