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Nigeria’s debt servicing rises 68% to N13tn

07.04.2025
• States pay off N1.98 tn local debts amid rising borrowing costs • Govt borrowing less than before – Shettima Nigeria spent a total of N13.12tn on debt servicing in 2024, representing a 68 per cent increase from the N7.8tn recorded in the previous year, according to an analysis of fresh data from the Debt...
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Seaman’s Schnapps celebrates 46th Aalafin of Oyo

07.04.2025
Seaman’s Schnapps, Nigeria’s number one prayer drink, took pride of place as the official drink at the grand coronation of the 46th Alaafin of Oyo, His Imperial Majesty, Oba Akeem Abimbola Owoade I. The historic event, held at the popular Olivet Heights in Oyo, brought together an impressive gathering of dignitaries and royal fathers from...
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FCMB Group’s digital revenues up N101.9bn in 2024

07.04.2025
The digital business of the FCMB Group continued to record strong growth, with digital revenues growing by 69.2 per cent from N60.3bn to N101.9bn at the end of the 2024 financial year. This was revealed in its audited financial results for the full year ended December 31, 2024, filed with the Nigerian Exchange Limited on...
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SEC sets up implementation team for ISA 2025

07.04.2025
The Securities and Exchange Commission has set up an implementation team for the new law, Investments and Securities Act 2025, to ensure the achievement of the core of the law. According to a statement from the SEC on Sunday, the Director-General, Dr. Emomotimi Agama, revealed this while giving insights into the new law in Abuja....
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Stakeholders push insurance, pension funds to solve housing crisis

07.04.2025
Stakeholders have canvassed leveraging insurance and pension schemes to bridge the existing housing gap. According to the Housing Development Advocacy Network, by integrating insurance policies and pension funds into housing finance, Nigerians can access long-term, low-interest mortgage plans and better housing opportunities. The group noted, “Insurance can provide security for homeowners against risks such as...
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LEAP Africa, Mastercard empower 1,200 young Africans

07.04.2025
LEAP Africa, in partnership with the Mastercard Foundation, has facilitated the placement of over 1,200 young Africans across 15 countries in Africa, including South Africa, Ghana, Nigeria, Senegal and Kenya under the Mastercard Foundation Programme Associates. According to a statement on Sunday, this was stated at a networking event in Lagos to advance the impact...
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PenOp advises RSA holders to check accounts frequently

07.04.2025
The Pension Fund Operators Association of Nigeria have encouraged Retirement Savings Account holders to check their accounts as frequently as their regular savings accounts. This piece of advice was given via their Instagram page recently to highlight the significance of the RSA to future financial well-being. The RSA is a pension account maintained with a...
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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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