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Eight banks spend N4.61tn on salaries, operations

23.04.2025
The total expenses of eight Nigerian banks soared to N4.61tn in 2024, driven by increases in both personnel and operating costs. The data reveals a 107.8 per cent rise from N2.2tn in 2023, highlighting the growing financial pressure on the banking sector. This was based on the annual results of the financial institutions filed with...
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Fidelity Bank bags award – Punch Newspapers

23.04.2025
Fidelity Bank Plc has been named ‘Nigeria’s Best Private Bank’ at the prestigious Euromoney Awards 2025. This was disclosed in a statement made available to The PUNCH, indicating that the recognition came at the awards ceremony held recently at The Savoy in London. The Euromoney Awards, established by Euromoney magazine, highlight outstanding performance, innovation, leadership,...
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Oratib Insurance targets digital growth on 15th anniversary

23.04.2025
Insurance broking firm, Oratib Insurance Consulting Limited, has unveiled its targets for the future as it marks 15 years in operations. This was disclosed by the Managing Director of Oratib Insurance Consulting, Mr John Anierobi, at an event to celebrate the 15th anniversary of the company in Lagos. Founded in 2010, Oratib offers insurance advisory,...
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FG eyes power generation, jobs through sugar master plan

23.04.2025
The Federal Government has launched the Nigeria Sugar Master Plan II, an ambitious initiative that looks beyond sugar production to include the significant generation of ethanol, electricity, and the creation of numerous jobs. This renewed effort aims to achieve self-sufficiency in raw sugar and establish a competitive presence in the African market, learning from the...
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Customs witnessing surge in exports, says maritime operators

22.04.2025
Stakeholders in the maritime sector have attributed the recent surge in exports recorded by the Nigerian Customs Service in the first quarter of 2025 to global demand for Nigerian products. These stakeholders, who spoke with The PUNCH, added that in 2024, the government ensures the sensitization of exporters, stressing that the move also boosted exports...
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Manufacturers record N2tn unsold finished goods

22.04.2025
The Manufacturers Association of Nigeria has reported a rise in the amount of unsold finished goods in 2024, stating that it rose to N2.14tn and attributed this to weakened consumer demand, surging production costs, and eroded purchasing power. MAN Director-General Segun Ajayi-Kadir, on Monday, disclosed this in the association’s latest economic review report for the...
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NiMet workers begin indefinite strike over unmet demands

22.04.2025
Workers of the Nigerian Meteorological Agency are set to begin an indefinite strike starting on Tuesday, April 22, 2025, following months of unmet demands and what union leaders describe as repeated breaches of a collective bargaining agreement by the agency’s management. In a letter obtained by The PUNCH on Monday, the Union of Air Transport...
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ICSAN urges strategic investments in creative industries

22.04.2025
The Institute of Chartered Secretaries and Administrators of Nigeria has called for targeted and sustained investments in Nigeria’s media and creative sectors, stating that the industries hold significant potential to drive long-term economic development if properly structured. Speaking at the ICSAN Public Lecture held in Lagos recently with the theme, ‘Driving Sustainable Development in Nigeria’s...
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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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