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BOI Disburses N900m MSME Loan to 262 FCT Businesses

04.08.2025
The Bank of Industry has reiterated its commitment to improving access to affordable financing, as it continues to disburse the N75bn intervention fund aimed at empowering MSMEs, creating over 75,000 direct jobs and 150,000 indirect jobs nationwide. This was as it revealed that no fewer than 662 businesses in the Federal Capital Territory have received...
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Nigeria to Receive $250m World Bank Loan for Healthcare

04.08.2025
The World Bank may approve a $250m loan to Nigeria next month under the third phase of its Health Security Programme in Western and Central Africa as the country battles mounting health and economic challenges. According to an appraisal document published by the global lender, the proposed loan, which is scheduled for board approval on...
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Solar Import Ban Risks Nigeria’s Energy Access – PwC

04.08.2025
A new report by global consulting firm, PricewaterhouseCoopers, has cautioned the Federal Government against implementing an immediate restriction on solar panel imports, warning that such a move could disrupt Nigeria’s fragile energy access gains and dampen investor confidence in the renewable energy sector. The report, titled “Rethinking Nigeria’s Proposed Solar Panel Import Policy”, and obtained...
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KPMG Urges Banks to Prepare

04.08.2025
KPMG has called on banks and financial institutions to urgently accelerate their preparedness ahead of the launch of open banking in Nigeria. This was indicated in its latest report published on Thursday, which is titled ‘Modernising Core Banking Systems: Navigating challenges to achieve resilient transformation,’ a thought leadership piece which was the outcome of its...
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70% of Income Spent on Housing

04.08.2025
Many Nigerian families are grappling with severe financial strain as housing costs continue to soar, with rent now consuming as much as 70 per cent of their monthly income, a new report by the State of Lagos Housing Market, Volume 3, has stated. It stated, “Wages remain stagnant while rents consume 50-70 per cent of...
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Dangote Advocates PPPs for Budget-Friendly Mass Housing in N

04.08.2025
Dangote Cement Plc has called on stakeholders in the housing industry to support budget-friendly mass housing schemes for Nigerians. Speaking at the Africa International Housing Show, the National Sales Director, Dangote Cement Plc, Dolapo Alli, emphasised the need for collaboration among government agencies, private developers, non-profits, and communities to address the country’s housing challenges. According...
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Minister Vows Maritime Safety Reforms After Boat Accidents

03.08.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has vowed that the Federal Government would implement sweeping reforms to improve maritime safety to end recurring boat accidents on the nation’s waterways. In a statement on Friday, Oyetola stated this in Abuja when he received the report of the Special Committee on the Prevention of...
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NAHCO Records N8.88bn H1 2025 Profit, Revenue Doubles

03.08.2025
The Nigerian Aviation Handling Company Plc recorded a 166.7 per cent growth in profit after tax to N8.88bn for the half-year ended 30 June 2025, driven by growth in revenue and operational efficiency. The interim financial statement filed with the Nigerian Exchange on Thursday showed that group revenue doubled by 102.06 per cent from N16bn...
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First Nigerian Item in Space

03.08.2025
Egusi melon seeds sourced from Oyo State are set to make history as the first agricultural product from West Africa, and the first item from Nigeria, to enter orbit, The PUNCH has learnt. According to a statement, the space-bound seeds will be launched aboard a SpaceX Falcon 9 rocket from the Kennedy Space Centre, Florida,...
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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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