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Wema Bank partners SMEDAN to support MSMEs

04.03.2025
Wema Bank has signed a Memorandum of Understanding with the Small and Medium Enterprise Development Agency of Nigeria geared toward empowering 800,000 micro, small, and medium enterprises. According to a statement on Friday, the partnership is focused on training MSMEs on soft skills, technical skills, and business skills, empowering them to build profitable businesses, gain...
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Erosion claims 40 meters of land annually – Minister

04.03.2025
Southern Nigeria is losing between 30 to 40 meters of land to coastal erosion every year, a crisis that demands urgent intervention, Nigeria’s Minister of Innovation, Science, and Technology, Uche Nnaji, has warned. The minister disclosed this in a recent statement by the Director of Media and Corporate Communications at the National Space Research and...
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Government toll policy sparks outrage amid economic hardship

03.03.2025
In this piece, HENRY FALAIYE critically explores the Federal Government’s contentious plan to reintroduce tolls on federal highways spanning all six geopolitical zones of the country On February 4, 2025, the Minister of Works, David Umahi, announced that the Abuja-Kaduna-Kano highway and other major roads across the country will be tolled when they are 100...
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FMBN approves N71.5bn housing loans

03.03.2025
The Federal Mortgage Bank of Nigeria has approved housing loans worth N71.5bn in the past year, an increase from N39.7bn recorded in 2023. The Managing Director/Chief Executive of FMBN, Shehu Osidi, made this disclosure during the bank’s first-anniversary press conference held in Abuja recently. Speaking on the bank’s achievements, Osidi highlighted improvements in financial and...
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Bodo-Bonny Road for completion year-end – J’Berger

03.03.2025
Julius Berger Nigeria Plc has disclosed that the Bodo-Bonny Road will be completed by the end of 2025. In a statement, the project director, Tim Nippert, stated that it represented both an engineering milestone and a national priority. He said, “The terrain here is extremely challenging, requiring precise technical expertise, planning, and logistics. We are...
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Banking system liquidity rebounds to N572.8bn – Report

03.03.2025
Liquidity in Nigeria’s banking system witnessed a recovery in February, surging to N572.8bn from an N307.5bn deficit recorded in January, according to a report by Afrinvest. The improvement was largely driven by substantial inflows from primary market repayments, open market operations repayments, and standing lending facility transactions, which outpaced outflows from OMO sales, primary market...
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Equity market records N421bn loss in one week

03.03.2025
The Nigerian Exchange suffered a N421bn loss last week as sustained bearish sentiment pushed the All-Share Index down by 0.62 per cent to close at 107,821.39 points. Investor activity slowed, with a total of 1.85bn shares worth N51.39bn traded in 63,090 deals, compared to 2bn shares valued at N49.49bn exchanged in 70,853 deals the previous...
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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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