Business – Page 497 – Rise Africa

Communities issue 14-day ultimatum to shut down oil production

04.04.2025

Nigeria’s oil production faces a fresh crisis as host communities in Bayelsa State’s coastal region have issued a 14-day ultimatum to NNPC Exploration & Production Limited, threatening to shut down operations at Oil Mining Leases 86 and 88 if their grievances over security contracts are not addressed. The ultimatum, conveyed in a letter dated March...

Transcorp Hotels pays N7.6bn dividend, plans investment diversification

04.04.2025

Transcorp Hotels Plc shareholders have approved the payment of N7.6bn dividend. The company also said it would diversify its investment beyond the hospitality sector. Speaking on the challenges faced during the period, the newly appointed Managing Director/CEO, Uzoamaka Oshogwe, noted the impact of various economic pressures on the company’s operations. Oshogwe, who was appointed in...

LivingTrust Mortgage Bank gets financial reports deadline extension

04.04.2025

Mortgage financial institution, LivingTrust Mortgage Bank Plc has applied for and secured the extension of time within which to file and publish its 2024 Audited Financial Statements. This was disclosed in a statement filed with the Nigerian Exchange Limited signed by its acting company secretary, Dorcas Ajayi, on Thursday. The bank said, “This is to...

Bank recapitalisation underscores capital market’s strength – SEC

04.04.2025

The Securities and Exchange Commission has said that the ongoing banking sector recapitalisation exercise is a testament to the strength and resilience of Nigeria’s capital market. SEC Director-General Dr Emomotimi Agama disclosed this in Abuja while highlighting key provisions of the newly enacted Investments and Securities Act 2025, describing it as a transformative law that...

African start-ups record lowest monthly funding since 2000

04.04.2025

Start-ups in Africa recorded $50m in funding inflow in March, the lowest monthly tally since late 2020, a new report has indicated. According to Africa: The Big Deal, which focuses on the start-up sector on the continent, there has been a decline in funding flow to start-ups from February, which worsened in March. The start-up...

Private sector job growth sustained for fourth month

04.04.2025

The private sector increased employment again in March, marking the fourth month running in which this has been the case. This was disclosed in the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index made available to The PUNCH on Wednesday, which showed that, although slight, the pace of job creation quickened to the fastest since August...

FX inflow rises 20.62% as CBN’s share shrinks

04.04.2025

The Nigerian economy recorded a rise in foreign exchange inflow during the fourth quarter of 2024, according to the latest Central Bank of Nigeria Economic Report. The report revealed that total foreign exchange inflow rose by 20.62 per cent to $27.81bn, up from $23.06bn in the preceding quarter. A key highlight of the report was...

NSIA Insurance donates to new, women

04.04.2025

To commemorate the 2025 Mother’s Day, NSIA Insurance has held a special outreach to new and expectant mothers at Lagos State University Teaching Hospital’s maternity arm – Ayinke House. In a statement on Wednesday, the firm stated that the initiative is built on the success it achieved last year when it donated to mothers at...

GTCO shareholders get N7.03k final dividend on April 24

04.04.2025

The shareholders of Guaranty Trust Holding Company will on April 24 receive a final dividend of N7.03k, subject to approval. In a corporate filing on the Nigerian Exchange Limited on Wednesday, the financial holding company said that shareholders with valid holdings as of April 15, 2025, will be eligible for the dividend payout. “A final...

Firm deepens NCC partnership on broadband

04.04.2025

IpNX, Nigeria’s leading information and communications technology company and connectivity provider is collaborating with the Nigeria Communications Commission to explore opportunities for further growth and development policy alignment in support of the Federal Government of Nigeria’s broadband penetration and digital transformation agenda. The company recently visited NCC at it Abuja office to strengthen the collaborative...

1 … 495 496 497 498 499 … 828

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...

Latest news

PDP Convention: Lamido Pulls Out As Abuja Court Halts Exercise, Ibadan Court Gives Nod

DSS Recaptures Ansaru Terrorist Who Masterminded 2012 Attack On Deeper Life Church College

Pro-IPOB Group Writes UN, EU, ICC, Others To Stop Kanu’s Trial

Fuel Tariff Reversal: Tinubu’s Govt Confused, Says ADC

Latest News

Communities issue 14-day ultimatum to shut down oil production

Transcorp Hotels pays N7.6bn dividend, plans investment diversification

LivingTrust Mortgage Bank gets financial reports deadline extension

Bank recapitalisation underscores capital market’s strength – SEC

African start-ups record lowest monthly funding since 2000

Private sector job growth sustained for fourth month

FX inflow rises 20.62% as CBN’s share shrinks

NSIA Insurance donates to new, women

GTCO shareholders get N7.03k final dividend on April 24

Firm deepens NCC partnership on broadband

Must Read

The Battle for Africa

I apologise for saying no heaven without tithe – Adeboye

Protesters storm Rivers electoral commission, insist election must hold

Man who asked Tinubu to resign admitted in psychiatric hospital

Popular Posts

I apologise for saying no heaven without tithe – Adeboye

Protesters storm Rivers electoral commission, insist election must hold

Man who asked Tinubu to resign admitted in psychiatric hospital

You may have missed it

PDP Convention: Lamido Pulls Out As Abuja Court Halts Exercise, Ibadan Court Gives Nod

DSS Recaptures Ansaru Terrorist Who Masterminded 2012 Attack On Deeper Life Church College

Pro-IPOB Group Writes UN, EU, ICC, Others To Stop Kanu’s Trial

Fuel Tariff Reversal: Tinubu’s Govt Confused, Says ADC

We Board Public Transport With Criminals – Ondo Magistrates

Skitmaker Folagade Banks Hosts Fans In Lagos

Follow Us on Social Media

Themes