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VFD Microfinance Bank rebounds with N366m profit

12.04.2025
Digitally driven financial institution VFD Microfinance Bank has returned to the path of profitability in the 2024 financial year as it recorded N366.6m profit after tax from the N333m loss it had suffered in the previous year. The audited results of the bank were revealed at its third Annual General Meeting, which was held on...
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MOWAA woos local investors, raises $25m

12.04.2025
The Executive Director, Museum of West African Art, Phillip Ihenacho, has appealed for local investment in the facility, noting that although MOWAA has raised $25m, mostly from international donors, many global partners long to see Nigerian ownership. He stated this during a dinner in Lagos, in honour of MOWAA and the return of the Nigeria...
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Subscriber withdraws case against MultiChoice’s DStv

12.04.2025
A Nigerian subscriber, Festus Onifade, has withdrawn a lawsuit challenging a price increase by MultiChoice Nigeria Ltd., operator of DStv and GOtv, ending a months-long legal dispute over consumer rights and tariff adjustments; court documents seen by The PUNCH on Thursday showed. The long-time DStv subscriber and legal practitioner filed a notice of discontinuance at...
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FG’s Cultural Academy begins September with four campuses

12.04.2025
The Nigerian Academy for Cultural Studies, a Federal Government-owned specialised monotechnic, is set to commence academic activities in September 2025 with pilot campuses located in Lagos, Cross River, Ogbomosho, and the Federal Capital Territory, Abuja. According to a statement on Thursday by the media assistant to the executive secretary of NICO, Caleb Nor, the academy,...
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Sterling Bank promotes zero transfer initiative

12.04.2025
The Chief Executive Officer of Sterling Bank, Abubakar Suleiman, has urged more lenders in the country to join in the cancellation of bank transfer fees to improve the banking experience for Nigerians. Suleiman made this call on Wednesday at a press conference in Lagos following its recent decision to cancel bank transfer fees for itself...
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Firm introduces USSD code

12.04.2025
Agritech company Afrimash has launched a USSD solution that enables farmers to verify the authenticity of day-old chicks before making a purchase, using just a basic mobile phone. In a statement on Monday, the new service was developed with support from the global non-profit organisation ‘Acumen’ to enable thousands of poultry farmers, especially those in...
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Agents seek two-year validity for brokerage licence

12.04.2025
The Africa Association of Professional Freight Forwarders and Logistics of Nigeria has recommended a two-year validity period for broking licences issued by Nigeria Customs Service. The National President of APFFLON, Frank Ogunojemite, disclosed this in a statement on Wednesday. He also congratulated the NCS on its first issuance of the Pre-Arrival Assessment Report under the...
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Presco posts over 100% revenue

12.04.2025
Leading agro-industrial giant Presco Plc has announced a remarkable financial performance for the year ended December 31, 2024, posting over 100% growth in both revenue and profit. According to the company’s audited financial statements filed with the Nigerian Exchange Limited, revenue rose by 102.6 per cent to N207.50bn compared to N102.42bn in 2023. The financial...
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Dredgers deny damaging Eko Bridge

11.04.2025
The Dredgers Association of Nigeria has told the Minister of Works, Dave Umahi, that the industrial dredging activities carried out by their members are not the cause of the damage observed at the Eko Bridge. DAN also urged the minister to distinguish between reclamation activities and industrial dredging in order not to confuse Nigerians over...
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NISO board vital to electricity boost – BPE DG

11.04.2025
The Director-General of the Bureau of Public Enterprises, Ayodeji Ariyo Gbeleyi, has said the newly inaugurated Nigerian Independent System Operator will play an important role towards delivering a reliable and sustainable electricity sector that Nigerians rightfully deserve by assuming responsibility for grid management, system stability, power dispatch, and market operations. The DG spoke during the...
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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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