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NCDMB urges local manufacturing of line pipes

The Nigerian Content Development and Monitoring Board has called on major oil and gas stakeholders, including the Nigerian National Petroleum Company Limited, to ramp up in-country production and utilisation of line pipes in the oil and gas sector. It said the move is aimed at deepening local content, conserving foreign exchange, and creating jobs in...
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MAN decries high annual charges by FRC

The Manufacturers Association of Nigeria has raised the alarm over what it described as an “astronomical” annual charge imposed on private companies by the Financial Reporting Council of Nigeria under the recently amended Financial Reporting Council of Nigeria Act. The Director-General of MAN, Segun Ajayi-Kadir, in a statement on Sunday, warned that the new provisions,...
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AIO, WAICA collaborate on insurance development

The African Insurance Organisation and the West African Insurance Companies Association have signed a strategic partnership deal to advance the course of insurance in the subregion. According to a statement from WAICA recently, the partnership recognises the important role that cooperation plays in developing the insurance and reinsurance industry in Africa and, by extension, in...
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Marketers worry as five-month fuel imports hit N6tn

Despite improved domestic refining capacity in Nigeria, major oil marketers have continued to import refined petroleum products, as they imported 6.38 billion litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) in five months. But independent marketers and retailers, through their various associations, kicked against the development, as the importation of these commodities...
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PECAN president gets recognition

National President of the Pest Control Association of Nigeria, Olakunle Williams, has been honoured with the prestigious Pillar of Environmental Health Award in Nigeria. The inaugural National Health Excellence Award ceremony, presided over by President Bola Ahmed Tinubu and represented by Secretary to the Federal Government, Senator George Akume, took place on Tuesday, February 18,...
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NAHCO retirees seek special consideration in N758bn pension fund

Retired workers of Nigerian Aviation Handling Company Plc have appealed to the Federal Government to prioritise them in the next disbursement of President Bola Tinubu’s N758bn pension bond. Speaking with journalists in Lagos on Friday, the General Secretary of ex-NAHCo workers, Sanmi Alademomi, said the pensioners were privatised without receiving their rightful entitlements despite being...
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FG signs MOU with Flutterwave on youth empowerment

The Federal Ministry of Youth Development has signed a Memorandum of Understanding with payment technology firm Flutterwave to empower youths and boost their business skills. According to a statement issued on Friday, the signing ceremony had in attendance the Minister for Youth Development, Ayodele Olawande; the Permanent Secretary, Mr Olubunmi Olusanya; and other senior officials...
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SEC warns public against investing in Pro-Vest, others

The Securities and Exchange Commission has warned the public against investing in unregistered investment schemes, including Promiseland Estates Limited and Promiseland Building & Construction Limited, which promote an illegal investment scheme called Pro-Vest. In a statement made available to our correspondent on Friday, the commission said its attention had been drawn to the activities of...
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Tinubu to empower 10 million women by 2027

The Federal Government has announced plans to empower 10 million women by 2027 as part of its broader strategy to transform Nigeria into a $1tn economy by 2030. In a statement made available to our correspondent by the Securities and Exchange Commission on Thursday, the Minister of Women Affairs, Imaan Sulaiman-Ibrahim, disclosed this during a...
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Wema Bank to raise N149.3bn via rights issue

Wema Bank Plc has announced plans to raise N149.3bn through a rights issue, offering 14.29bn ordinary shares at N10.45 per share. The bank, through its stockbrokers, Global Asset Management Nigeria Limited and Qualinvest Capital Limited, has submitted an application to the Nigerian Exchange Limited for the approval and listing of the offer. In a statement...
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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...