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Retailers bemoan regulation as restocking woes persist

Small and Medium Enterprise stakeholders have again raised the alarm over their inability to restock goods, especially in shopping malls and retail outlets across the country. The operators cited multiple regulatory hurdles, shrinking access to credit, prioritising foreign exchange and persistently high inflation as the leading culprits behind increasingly empty shelves. This fresh outcry follows...
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Cosmos Trade targets growth with beverage training school

Cosmos Trade Nigeria Limited has stated that it seeks to boost Nigeria’s tourism potential through food and beverage innovation with its training outfit, Gelato and Coffee University. Business Development Manager, Cosmos Trade Nigeria Limited, Mr Demilola Olaniyi, said on Thursday during the company’s Gelato and Coffee University training/exhibition that it was recently certified as the...
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No airline owned 100% by FG can survive – Aligbe

Managing Director of Belujane Consult and former spokesperson of the liquidated national carrier, Nigeria Airways, Mr Chris Aligbe, speaks with OLASUNKANMI AKINLOTAN on industry challenges and possible solutions What are the major challenges facing Nigerian airlines? The airlines are trying their best with the circumstances they are facing. There is no doubt that they are...
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Dantsoho urges traders to leverage NPA’s easy export process

The Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, has urged traders and the general public to explore the tailor-made simplified export processes and other vistas of opportunity present at the agency. According to a statement on Wednesday, Dantsoho gave this advice during the 36th Enugu International Trade Fair. The event was themed...
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NGX realigns operations to drive private capital

The Nigerian Exchange Group has announced realigning its operations to attract more private capital and also tackle the instances of delisting from the local bourse. This was disclosed by the Group Managing Director/Chief Executive Officer of NGX Group Plc, Temi Popoola, on the floor of the 64th Annual General Meeting on Tuesday. Also, at the...
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Dangote Group urges increased investment in industrial sector

The Dangote Group has advocated the need for massive investment in technology to boost Nigeria’s industrial sector and enhance global recognition. Speaking at Dangote’s Special Day on Wednesday, at the ongoing 36th Enugu International Trade Fair, Mr. Ayirioritse Okerentie, Deputy Regional Director, South East, Dangote Cement Plc, highlighted the importance of adopting best-in-class global practices...
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Bank of Agriculture pledges restructuring

The new Managing Director of the Bank of Agriculture, Ayo Sotinrin, has promised to restructure the organisation to meet its mandate. Sotinrin said this on Wednesday while taking over from his predecessor, Alwan Ali Hassan, at the bank’s headquarters in Kaduna. The PUNCH reports that President Bola Tinubu had last week appointed Sotinrin as the...
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Stanbic IBTC Bank to reward customers with N130m

Stanbic IBTC Bank is set to give out about N130m to customers in the fourth season of its savings promo. The bank announced the launch of Season 4 of its highly successful Reward4Saving Promo, reinforcing its commitment to fostering a strong savings culture among Nigerians, on Wednesday. From the previous three seasons, over 1,900 winners...
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Nigeria got $50bn from Afreximbank funds – Oramah

Afreximbank has disbursed a total of $50bn in Nigeria over the past decade, making significant contributions to the country’s key sectors, including energy, manufacturing, healthcare, transport, and financial services. The President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, disclosed this during the commissioning of the Afreximbank Africa Trade Centre in...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...