Business – Page 508 – Rise Africa

Nigeria’s interest rate fifth highest globally – MPC member

31.03.2025

The current Monetary Policy rate of 27.50 per cent charged by the Central Bank of Nigeria to commercial banks on borrowings is the fifth highest in the world, a member of CBN’s Monetary Policy Committee, Mustapha Akinkunmi, has said. In Nigeria, the Monetary Policy Rate is the interest rate set by the Central Bank of...

Achieving 2.2mbpd oil output depends on Rivers’ stability – NESG

31.03.2025

The Chief Executive Officer of the Nigeria Economic Summit Group, Dr Tayo Aduloju, has warned that Nigeria’s ability to meet its crude oil production target of 2.2 million barrels per day depends on political stability in Rivers State. Aduloju made this known on Friday during an interactive session with the media following the launch of...

Tinubu signs investments, securities bill into law

31.03.2025

President Bola Tinubu has given presidential assent to the Investments and Securities Bill, thus providing for a robust regulatory framework in Nigeria’s capital market. According to a statement issued by the Securities and Exchange Commission on Saturday, the new Investments and Securities Act 2024 repeals the Investments and Securities Act 2007 and introduces key reforms...

NGX records 30% reduction in foreign inflows

31.03.2025

Foreign inflow to Nigeria’s equities market fell by 29.66 per cent in February 2025, dropping to N18.05bn from N25.66bn recorded in January. This decline in foreign inflow, alongside a drop in foreign outflow, led to a steep 40.36 per cent fall in total foreign portfolio transactions on the Nigerian Exchange Limited, which declined from N71.51bn...

Accion MfB empowers women entrepreneurs with digital skills

31.03.2025

Accion Microfinance Bank has empowered female entrepreneurs with digital skills to boost the survival of their businesses. In a statement on Friday, the bank indicated that the empowerment was done in the second edition of its Digital Skills Bootcamp for Women. The programme, held at the bank’s head office, was designed to equip business owners...

NDIC to commence dividend payments April

31.03.2025

The Nigeria Deposit Insurance Corporation has announced that the first tranche of liquidation dividends for uninsured depositors of the defunct Heritage Bank will be declared in April 2025. The disclosure was made in a press statement released by the Acting Head of Communication & Public Affairs, NDIC, Hawwau Gambo, on Sunday. According to the statement,...

Inflation reshaped Nigeria’s housing market in 2024 – Report

31.03.2025

According to a report by BuyLetLive, inflation reshaped the country’s housing market in 2024. It stated, ” Inflation undoubtedly reshaped Nigeria’s housing market in 2024, creating affordability challenges and altering demand dynamics. By prioritising affordable housing solutions, incentivising local production of building materials, and embracing cost-saving technologies, Nigeria can mitigate the impacts of inflation in...

FG yet to deliver 1,000 Abuja homes despite promises

31.03.2025

Nearly three months after the initial deadline, the Federal Government is yet to deliver the 1,000 housing units of the Renewed Hope Cities in Karsana, Abuja, as promised by the Minister of Housing and Urban Development, Ahmed Dangiwa, in 2024. The minister had assured that “1000 housing units of the Renewed Hope Cities would be...

Govt pledges to revive National Library after 19-year neglect

31.03.2025

After years of delay, the Federal Government is set to complete the abandoned National Library project. The Minister of Education, Dr Tunji Alausa, stated this recently in Abuja during a tour of the edifice in the company of the National Librarian, Prof. Chinwe Anunobi, some senior directors of the Federal Ministry of Education and a...

Firm unveils housing project for 5,000 FCT households

31.03.2025

A real estate firm, T.Pumpy Concept Nigeria Limited, has unveiled a housing project to cater for the accommodation needs of residents of the Federal Capital Territory in the spirit of the upcoming Eid-el-Fitr and Easter celebrations. At a press conference held recently in Abuja, the Managing Director of T. Pumpy Concept, Akintayo Adaralegbe, said the...

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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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Latest News

Nigeria’s interest rate fifth highest globally – MPC member

Achieving 2.2mbpd oil output depends on Rivers’ stability – NESG

Tinubu signs investments, securities bill into law

NGX records 30% reduction in foreign inflows

Accion MfB empowers women entrepreneurs with digital skills

NDIC to commence dividend payments April

Inflation reshaped Nigeria’s housing market in 2024 – Report

FG yet to deliver 1,000 Abuja homes despite promises

Govt pledges to revive National Library after 19-year neglect

Firm unveils housing project for 5,000 FCT households

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I apologise for saying no heaven without tithe – Adeboye

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I apologise for saying no heaven without tithe – Adeboye

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