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InfraCredit lists on NASD

16.04.2025
The United Kingdom-backed InfraCredit has listed on the NASD OTC Exchange Plc to strengthen its infrastructure development efforts. According to a statement on Monday, the UK government’s MOBILIST programme is investing $6m in InfraCredit in support of the listing. Infracredit is Nigeria’s first and only domestic creditor guarantor. The total listing is valued at $41m,...
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Nigeria’s external debt servicing may hit $5.2bn –Fitch

16.04.2025
Nigeria’s external debt service is projected to rise to $5.2bn this year, highlighting growing pressure on public finances despite ongoing economic reforms, Fitch Ratings has said. The credit rating agency disclosed this in its latest rating action commentary published on Friday, in which it upgraded Nigeria’s long-term foreign-currency issuer default rating to ‘B’ from ‘B-’,...
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FG scrambles to avert Gencos shutdown over N4tn debt

16.04.2025
Minister of Power has pledged to address N4tn electricity debt owed by GenCos, which saw the electricity distribution companies threatening a shutdown on Monday. Weighing in on the development, the special adviser to the Power Minister, Bolaji Tunji, said the government is aware of the development and is making concrete steps to resolve the lingering...
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UBA unveils upgraded PoS terminal, app

16.04.2025
Africa’s Global Bank, United Bank for Africa, has unveiled an upgrade to its Point of Sale Terminal and its UBA MONI App to strengthen the digital payment landscape and empower small and medium-scale enterprises. In a statement on Sunday, the bank said that the upgraded platforms form part of its bank’s ongoing campaign with the...
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CBN flags poor quality as barrier to export

16.04.2025
The Central Bank of Nigeria has identified poor product quality, weak packaging, and inadequate branding as major obstacles limiting the country’s ability to harness its export potential, especially in non-oil sectors. This was indicated at the Bankers Committee Town Hall, which the CBN organised in collaboration with the Bankers Committee on Monday in Lagos. The...
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Afreximbank boosts intra-Africa trade with Abuja AATC

16.04.2025
The African Export-Import Bank has officially opened its first Afreximbank African Trade Centre in Abuja, Nigeria, providing a boost for trade and investment in Africa. The new trade centre was opened in Abuja on Thursday at a ceremony, which had in attendance President Bola Tinubu, who was represented by the Secretary to the Government of...
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CBN cautions banks against illicit funds

16.04.2025
The Central Bank of Nigeria has warned deposit money banks to avoid raising capital from illicit sources as part of the ongoing recapitalisation exercise. The apex bank said the measure was necessary to preserve financial system stability and ensure that the banking sector remains strong enough to support the country’s $1tn economic target. Speaking at...
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GIA, SEC unveil digital asset markets strategy

15.04.2025
The Global Investment Advisory Community has partnered with the Securities and Exchange Commission to unveil a Digital Asset Markets Strategy for Nigeria.  The strategy was unveiled at the Digital Asset Markets Strategy Masterclass held at the SEC office in Lagos on Friday. The Digital Asset Markets Strategy is aimed at making the younger generation of...
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Nigeria reaffirms strong ties with US amid global uncertainty

15.04.2025
The Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, has reaffirmed Nigeria’s long-standing strategic relationship with the United States, amid global uncertainty stirred by the imposition of tariffs by the US. Oduwole said this on Saturday as she received an award during the 65th anniversary of the Nigerian-American Chamber of Commerce, which also doubled...
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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
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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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