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FirstBank unveils digital experience centre in Lekki

26.03.2025
FirstBank on Monday launched its fifth fully automated branch, the FirstBank Digital Xperience Centre at Admiralty Way, Lekki, Lagos State. Speaking at the occasion, the Managing Director/Chief Executive Officer of FirstBank, Segun Alebiosu, said that the future of banking is digital and that FirstBank is prepared for that future. The Digital Xperience Centre is a...
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Money market liquidity surges to N2.2tn – Report

26.03.2025
The liquidity in the Nigerian money market surged by 62.3 per cent to N2.2tn last week, Afrinvest reports. The investment firm attributed the liquidity boost to banks tapping into funds, which increased by 76.4 per cent week-on-week. Despite the surge, the open repo rate remained constant at 32.4 per cent, while the overnight rate dropped...
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Polaris Bank to deepen gender equality

26.03.2025
Polaris Bank has reiterated its commitment to gender equality and women’s empowerment at this year’s International Women’s Day event. According to a statement from the bank on Sunday, the commitment was made at its IWD Seminar ‘Accelerating Action: Breaking Barriers & Creating Equal Opportunities’. The event provided a platform for thought leaders, professionals, and advocates...
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Equity market rebounds with N369bn gain

26.03.2025
The Nigerian equity market rebounded on Monday with a gain of N369bn as the All-Share Index rose by 0.56 per cent to close at 105,551.39 points, reversing the losses recorded in the previous week. The total market capitalisation stood at N66.2tn, reflecting renewed investor confidence in the equity market. This recovery reversed last week’s losses,...
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Power generators fear collapse over N4.7tn debt

26.03.2025
The Federal Government said it is taking necessary steps to offset the N4.7tn debt owed to power generation companies to avert a possible nationwide blackout. This came as stakeholders expressed fears that some power generation companies might be forced to shut down due to a lack of liquidity in the sector unless there is an...
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Dangote refinery, others may import $1.4bn crude monthly

26.03.2025
The Dangote Petroleum Refinery and some modular refineries in Nigeria may spend about $8.56bn to import an estimated 122,400,000 barrels of crude oil to achieve full operational capacity in six months, The PUNCH reports. This means the refiners may spend about $1.43bn monthly on the importation of crude oil into Nigeria. The plants may spend...
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FG clamps down on fake NIN card producers

26.03.2025
The Federal Government has launched a crackdown on individuals and organizations involved in the unauthorised printing of National Identification Number cards, warning that offenders will face legal action. The National Identity Management Commission, in a statement issued on Monday, said it had observed the indiscriminate production of fake NIN cards by cyber cafés and other...
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Depot owners condemn naira-for-crude deal

26.03.2025
The Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria, Olufemi Adewole has condemned the sale of crude oil in naira by the Federal Government to the Dangote Petroleum Refinery. Adewole said, “The naira-for-crude oil transaction framework presents significant risks that could affect Nigeria’s foreign exchange stability and deter foreign direct investment.”...
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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
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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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