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FG to facilitate concessions of major highways

The Federal Government has said that the Highways Management and Development Initiative will facilitate the concessions of major highways to improve road infrastructure. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, made this announcement during a Zoom dialogue meeting in Abuja on Thursday. “The Highways Management and Development Initiative would...
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CITN introduces reforms in taxation education

The Chartered Institute of Taxation of Nigeria has announced a significant reform in taxation education through its examination system. According to a statement, the new examination system is set to take effect from April 2025. “This groundbreaking development includes the introduction of a revised syllabus and the adoption of computer-based examinations for all candidates, marking...
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Unlocking wealth through financial education

Financial literacy is the foundation of wealth creation, equipping individuals with the knowledge and skills to make informed financial decisions, JOSEPHINE OGUNDEJI writes Ever heard the saying, “It is not how much you make, but how much you keep”? That is where financial literacy comes in. You could earn a fortune, but without understanding how...
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Women constitute 35% of bank directors– Cardoso

As part of activities marking International Women’s Month, the Central Bank of Nigeria has reaffirmed its commitment to gender inclusion in the financial sector, highlighting the increasing presence of female leaders in top positions across banks and regulatory bodies. Speaking at the grand finale of the International Women’s Day commemoration at the CBN headquarters in...
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Equity market extends losses as investors shed N31bn

The Nigerian Exchange Limited extended its losing streak on Thursday, as investors recorded a N31bn decline in market capitalisation. At the close of trading, the All-Share Index dipped by 0.05 per cent to settle at 105,426.12 points, compared to the previous day’s 105,475.38 points. Consequently, the total market capitalisation declined to N66.11tn from N66.14tn. A...
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Ecobank posts N735.9bn profit

Ecobank Transnational Incorporated has reported a profit after tax of N735.9bn for the 2024 financial year, marking a 179 per cent increase from N263.5bn recorded in the previous year. According to its financial statement released on the Nigeria Exchange Limited on Thursday, Ecobank’s gross earnings rose by 131 per cent to N4.22tn in 2024, up...
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ICSAN begins construction of new national secretariat

The Institute of Chartered Secretaries and Administrators of Nigeria has commenced the construction of its national secretariat in Alausa, Ikeja, Lagos, as part of its efforts to strengthen corporate governance practices and enhance professional development in Nigeria. Speaking at the foundation-laying ceremony on Wednesday, the President of ICSAN, Funmi Ekundayo, described the project as a...
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Abbey Mortgage Bank’s profit rises 23%

Abbey Mortgage Bank Plc recorded a 23 per cent increase in profit after tax to N1.07bn in its audited financial statements for the year ended December 31, 2024, compared to N871.3m in the previous year. According to its financial statement on the Nigeria Exchange Limited on Thursday, the growth in profit was driven by a...
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Nigeria’s economic growth stifled by infrastructure deficit

Infrastructure is the foundation of any thriving economy, enabling businesses to operate efficiently, facilitating trade, and improving the quality of life for citizens. However, Nigeria’s significant infrastructure deficit poses a major threat to its economic stability, JOSEPHINE OGUNDEJI writes Nigeria, once celebrated as the “Giant of Africa,” now faces a critical infrastructure deficit that threatens...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...