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Fitch upgrades Nigeria on policy reforms

14.04.2025
Fitch Ratings has upgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating to ‘B’, from ‘B-’, with a stable outlook. According to the rating commentary issued late Friday, “The upgrade reflects increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary...
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WiSolar offers flexible payment plans for power solutions

14.04.2025
WiSolar, a renewable energy company in Nigeria and South Africa, has offered flexible instalment payment options to provide energy solutions to customers. The company’s founder and Chief Executive Officer, Mr Tonye Irims, stated this in an interview with Sunday PUNCH. WiSolar, a climate tech company specialised in solar electricity, has been operating since 2016. Considering...
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Firm unveils African manufacturing training

14.04.2025
The Chief Executive Officer of Small-Scale Enterprise Lab, Adesola Jimmy-Eboma, has launched the second cohort of the Manufacturing Business Accelerator Programme to support aspiring African entrepreneurs. Jimmy-Eboma said in a statement that the programme is a 12-week virtual course to commence on April 20, 2025, and conclude with a business shower on July 17, 2025....
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Investors eye improved agro exports

14.04.2025
Stakeholders in Nigeria’s agriculture sector are optimistic about the kick-off of the Special Agro-Industrial Processing Zones, saying the initiative promises to improve agro-exports, boost food sufficiency and transform farmers into wealth creators. The Federal Government on Tuesday in Kaduna State launched the SAPZ programme’s first phase. According to a statement from the African Development Bank,...
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NCAA sets final deadline for airlines to pay fines

14.04.2025
The Nigerian Civil Aviation Authority has given defaulting airlines a one-week deadline to settle reviewed sanction fines, following delays in payments and appeals from several operators. This comes as the authority revealed it has revised some of the initial sanction amounts in light of new information and resolutions reached by the airlines. The NCAA told...
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Aviation workers to resume strike over agreement breaches

14.04.2025
Three major aviation unions have issued a stern warning to the Nigerian Meteorological Agency, threatening to resume a previously suspended strike over the agency’s alleged failure to keep to their bargaining agreement signed earlier this year. In a letter jointly signed by the National Union of Air Transport Employees, the Association of Nigeria Aviation Professionals,...
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NAICOM boss urges data-driven risk management

14.04.2025
The Commissioner for Insurance/Chief Executive Officer of the National Insurance Commission, Olusegun Omosehin, has called for the adoption of a proactive and data-driven approach to risk management. Omosehin made this recommendation at the Risk Managers Society of Nigeria’s 40th-anniversary celebration in Lagos recently. According to Harvard Business School, risk management is the systematic process of...
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J’Berger appoints new Board Chairman

14.04.2025
Julius Berger Nigeria Plc has appointed a new Board Chairman, Goni Sheikh, following the celebrated exit of its former Chairman, Mutiu Sunmonu. This was disclosed in a statement by the company. The company’s Managing Director, Dr. Peer Lubasch, said over the past 55 years, since 1970, Julius Berger has been privileged to be led by...
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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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