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Green Africa buys aircraft after alleged planes seizure

02.04.2025
Barely 24 hours after Green Africa was grounded following the retrieval of all its three aircraft by its lessor, ACIA Aero Leasing, the airline, in collaboration with Access Bank, has procured an aircraft. The airline made this known through a statement signed by its media officer, Omolara Kehinde, and made available to our correspondent on...
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LOXEA introduces electric vehicles to Nigerian market

02.04.2025
LOXEA Nigeria, a subsidiary of CFAO Mobility, has introduced electric vehicles to the Nigerian market, marking a significant milestone in the country’s move towards sustainable mobility. The introduction of electric vehicles by Build Your Dreams auto company is projected to position LOXEA at the forefront of promoting innovative electric vehicle solutions across Africa. This was...
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FG withdraws allocation of 1,357 housing units over default payment

02.04.2025
The Federal Government has revoked the provisional allocation of houses under the National Housing Programme for 1,357 beneficiaries across 33 states due to failure to complete outright payment within the stipulated timeframe. The Federal Ministry of Housing and Urban Development confirmed the revocation in an official statement on Tuesday, citing non-compliance with the 90-day payment...
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Air passengers protest missing 47,923 luggage in 2024

02.04.2025
Air passengers are protesting incessant loss or delay in the arrival of their language in local and international airlines across the country’s airports in 2024. A recently released executive summary by the Nigeria Civil Aviation Authority of both international and domestic operations showed that nothing less than 47,923 luggage belonging to air passengers were either...
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Parallex Bank commits to promoting savings culture

02.04.2025
Parallex Bank has reiterated its commitment to promoting a savings culture among Nigerians through various initiatives and products designed to encourage financial prudence. This was disclosed by Preye Ojeme, Head of the Public Sector Department at the Parallex Bank Abuja office, during an interview with PUNCH. Speaking on the bank’s ongoing efforts, Ojeme said, “The...
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SEC plans tougher action against scammers

02.04.2025
The Securities and Exchange Commission is set to apply a more aggressive approach in combating Ponzi schemes following the recent enactment of the Investment and Securities Act (ISA 2025), which President Bola Tinubu signed into law. The new legal framework empowers the SEC to prosecute promoters of Ponzi schemes, with potential sentences of up to...
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Banks disburse N470bn personal loans – CBN

02.04.2025
The Central Bank of Nigeria has disclosed that Nigerians secured personal loans amounting to N470bn from banks in the last three months of 2024. The apex bank revealed this in its Fourth Quarter 2024 Economic Report released on Sunday. The report indicated that consumer credit outstanding rose by 11.06 per cent to N4.72tn at the...
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LASG begins removal of illegal structures as amnesty ends

02.04.2025
The Lagos State Building Control Agency has commenced the removal of illegal structures across the state following the expiration of the amnesty period granted by the State Governor, Babajide Sanwo-Olu. This was disclosed on the website of the Lagos State Building Control Agency on Monday. The agency said the exercise began in Ogudu GRA, where...
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Foreign airlines pay N25bn yearly for aircraft towing

02.04.2025
International airlines that operate into Nigeria pay about N25bn annually for the towing of their aircraft, as the Federal Airport Authority of Nigeria has not been able to import the already procured aero bridges. In developed nations, aero bridges align with the aircraft doors, making immediate embarkation easy and swift. But in Nigeria, airlines pay...
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Banks pay FG N205bn, owe N600bn

02.04.2025
Six banks have paid about N205.59bn as windfall tax in the 2024 financial year, indicating that attempts to lobby the government to reduce the tax failed. According to the audited reports filed with the Nigerian Exchange Limited, the banks have already started to comply with the new regulation. The banks that have reported payments include...
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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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