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Diaspora Banking Push Yields 2.7M New BVNs in Nigeria

06.08.2025
In a bid to harness the economic strength of Nigerians in diaspora, the Central Bank of Nigeria rolled out the Non-Resident Bank Verification Number initiative for millions of citizens living abroad. Since its launch in May 2025, the policy has helped boost BVN enrollments by 2.7 million. With a $1bn monthly remittance target, the NRBVN...
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Adesina Vows to Unlock More Capital for Africa’s Growth

06.08.2025
The outgoing President of the African Development Bank, Akinwumi Adesina, has pledged to continue to make efforts to unlock capital flows to Africa even after the expiration of his term on September 1. According to a statement from AfDB, on Tuesday, Adesina said this while delivering a keynote address at the Standard Chartered Africa Summit...
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Nigeria & US Pledge Stronger Economic Ties

06.08.2025
The Federal Government has reiterated its dedication to enhancing trade and investment ties with the United States as part of its broader strategy to drive economic growth and development. This commitment was made during a meeting between the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the United States Consul...
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Govt Targets 5m Homes with Clean Cooking Gas by 2030

06.08.2025
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the Federal Government plans to move five million homes to clean cooking through its Liquefied Petroleum Gas penetration initiative. He said the five million target would be achieved in the year 2030. Ekpo disclosed that free gas cylinders have been distributed across the country,...
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BTS Expands into Kenya, Deepening Africa Presence

06.08.2025
BTS, a global consultancy firm focused on strategy execution and people transformation, has opened a new office in Nairobi, Kenya, in a move to deepen its presence across East Africa. The new office, located in Nairobi’s financial district, will serve as a hub for delivering leadership development, strategy execution, change management, and AI-enabled learning transformation...
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Nigerian MRO Completes First Local 7,800-Landing Jet Check

06.08.2025
Elin Air and Aviation Services has announced its successful completion of a 7,800-landing maintenance check on a Bombardier Challenger CL604 aircraft, a highly specialised procedure typically carried out abroad.  The development, which is the first in the history of such checks done in Nigeria, was disclosed in a statement signed by the Executive Director of...
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Conoil Profit Plunges 89% to N900m in H1 2025

06.08.2025
Conoil Plc, one of Nigeria’s petroleum marketing companies, recorded a sharp 89 per cent year-on-year decline in its profit after tax to N900.4m for the half-year ended June 30, 2025, down from N8.02bn in the same period of 2024. The company’s unaudited financial statement filed with the Nigerian Exchange Limited showed that the significant fall...
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UAC Revenue Soars 33% to N110.4bn in H1 2025

06.08.2025
UAC of Nigeria Plc has recorded a 33 per cent increase in revenue to N110.4 bn in the first half of 2025, driven by consumer demand and sustained growth across its key business segments. The company’s gross profit rose by 51 per cent during the period, supported by effective pricing strategies and enhanced cost management....
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Nestlé Nigeria Reports N50.6bn Profit in H1 2025

06.08.2025
Nestlé Nigeria Plc has reported a profit after tax of N50.6bn for the six months ended June 30, 2025, reversing a loss of N176.9bn in the same period of 2024. The company’s unaudited interim financial statements showed revenue increased by 43 per cent to N581.1bn from N407bn in the corresponding period last year. Operating profit...
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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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