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OPS urges reduced interest rates to boost growth

04.04.2025
The members of the organised private sector insist that the Central Bank of Nigeria must reduce the 27.50 per cent interest rate to boost economic growth. In separate interviews with The PUNCH, the OPS called on the Monetary Policy Committee, which sets the monetary policy rate, to signal growth by beginning a phased reduction of...
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FRC, NADP lament dearth of actuarial professionals

04.04.2025
The Financial Reporting Council of Nigeria and the Nigerian Actuarial Development Programme, on Wednesday at the University of Benin, lamented the dearth of actuarial professionals in the country. Speaking at the event with the theme ‘Building Capacity for Actuarial Excellence in Nigeria’, the Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria, Dr....
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NERC records 112 electricity-related deaths

04.04.2025
Vandalism and wire snaps have been identified as major causes of electricity-related fatalities in Nigeria, according to the Nigerian Electricity Regulatory Commission. In its quarterly reports, NERC disclosed that 112 deaths were recorded in 2024, a slight decline of 2.6 per cent compared to 115 deaths reported in 2023. Despite this reduction, the data shows...
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Ondo, firm partner on 5MW electricity project

04.04.2025
In a bid to ensure stable electric power supply in Ondo State, an energy firm, Lincs Power Energy Solutions, has partnered with the state government to construct a 5-megawatt power project in Ondo State. It was gathered that the power project was facilitated by a former Senior Special Assistant to the former Governor Rotimi Akeredolu...
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NECA to host 2025 job fair on digital skills

04.04.2025
The Nigeria Employers’ Consultative Association has announced the 2025 edition of its Annual Job & Employability Fair on digital skills. The summit themed ‘Future Ready: Harnessing Digital Skills for Career Success and Employability’ is set to take place on May 15 at NECA House in Lagos. According to a statement, the event will serve as...
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FG seeks fresh $10.50m W’Bank loan

04.04.2025
Nigeria has approached the World Bank for a fresh $10.50m loan to enhance the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment infrastructure. According to information exclusively obtained from the World Bank website on Thursday by The PUNCH, the proposed CBN Technical Assistance Facility seeks to support integrating innovative technologies and...
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Africa Energy Bank misses March take-off target

04.04.2025
The Africa Energy Bank failed to begin operations in March as promised by the Minister of State for Petroleum Resources, Heineken Lokpobiri. In February, Lokpobiri said the building hosting the bank in Abuja, the Federal Capital Territory, was receiving finishing touches. “We are very proud that as part of our commitment to host the Africa...
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FG, UNIDO boost industrial development with $174.59m

04.04.2025
The Federal Government and the United Nations Industrial Development Organisation have signed a $174.59m Programme for Country Partnership agreement to boost Nigeria’s industrial development. According to a press statement by Mrs Julie Osagie-Jacobs, Director of Information and Public Relations at the Ministry of Budget and Economic Planning, on Wednesday, the agreement, which will run for...
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Stakeholders task new NNPCL GCEO on transparency

04.04.2025
The Nigeria Extractive Industries Transparency Initiative has urged the newly appointed Group Chief Executive Officer of the Nigeria National Petroleum Corporation Limited, Mr Bayo Ojulari, to entrench a solid practice of corporate governance in the company by prioritising the timely publication of the company’s financial statements. It emphasised that full transparency in the disclosure of...
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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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