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The only fintech awarded at The Leadership Awards

Nigeria’s leading financial institution, Opay, has won the prestigious Fintech Company of the Year 2024 award at the Leadership Newspapers Awards. According to a statement from the firm on Wednesday, the award underscores OPay’s exceptional impact on Nigeria’s financial landscape through innovation, security, and financial inclusion. Opay stated that the recognition came on the back...
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FG to review $4bn spending on clothing imports

The Federal Government, through the Ministry of Industry, Trade and Investment, has reaffirmed its commitment to building a robust and responsive policy framework to support the growth of Nigeria’s Cotton, Textile and Garment sector and reduce the nation’s reliance on imported clothing. This initiative aims to localise up to $4bn in spending on textile imports,...
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Leverage NPA’s easy export processes, Dantsoho tells traders

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. In a statement on Wednesday, Dantsoho stated that during the 36th Enugu International Trade Fair. The event was themed ‘Developing Nigeria’s...
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Nigeria can overcome US 14% export policy – Traders

The Vice President of the National and International Affairs and Coordinator of the Eastern Corridor of West African Cross Border Traders, Salami Nasiru Alasoadua, has stressed the need to reorganise the country, the region and the entire continent to mitigate the adverse effects of the new US 14 per cent export policy. Alasoadua made this...
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Personal remittances hit $20.93bn in 2024 – CBN

The Central Bank of Nigeria has said that personal remittance inflows rose to $20.93bn in 2024, reflecting an 8.9 per cent increase year-on-year. This was contained in a statement issued on Wednesday by the apex bank while announcing a balance of payments surplus of $6.83bn for the 2024 financial year. The statement was signed by...
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Naira-for-crude policy here to stay – FG

The Federal Government has doubled down on its Naira-for-crude oil initiative, declaring it a permanent fixture in Nigeria’s long-term economic reform strategy — not a temporary fix. In a statement posted Wednesday via the Federal Ministry of Finance’s official channels, the government emphasized that all domestic crude oil and refined petroleum sales will continue to...
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NCC proposes 12-month grace to reclaim airtime on deactivated lines

The Nigerian Communications Commission has proposed a 12-month grace period for subscribers to reclaim unused airtime on deactivated lines. The proposal was disclosed during a virtual stakeholder engagement forum held in Abuja on Tuesday. The Executive Vice Chairman/CEO of the NCC, Dr Aminu Maida, who was represented by the Executive Commissioner for Stakeholder Management, Rimini...
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FEC orders full implementation of naira-for-crude deal

The Federal Executive Council has officially directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. The Ministry of Finance disclosed this on its official X handle titled “Update on the Crude and Refined Product Sales in Naira Initiative,” on Wednesday. Recall that the first phase of the six-month deal involving the Federal...
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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...