Business – Page 572 – Rise Africa

Importers fret as Dangote lowers petrol price again

28.02.2025

Importers of petroleum products have lamented the repeated reduction of petrol prices by the Dangote Petroleum Refinery, The PUNCH reports. Some of the importers said dealers might be compelled to sell below their cost prices as consumers would only buy from where petrol is cheaper. On Wednesday, the Dangote refinery announced a reduction in the...

Unstable electricity hindering industrialisation in Nigeria – Dangote

28.02.2025

The President of the Dangote Group, Alhaji Aliko Dangote, has hinged Nigeria’s industrialisation challenges on unstable electricity. Dangote said running a business abroad is 30 per cent cheaper than running the same business in Nigeria and other African countries due to stable electricity supply in developed countries. Africa’s richest man stated this recently while hosting...

Nigerian passengers stranded in Togo after Air France flight diversion

28.02.2025

Nigerian passengers aboard an Air France flight have been left stranded in Lomé, Togo, following a diversion caused by bad weather in Abuja. The Minister of Aviation and Aerospace Development, Festus Keyamo, raised the alarm over the situation in a statement posted on his official X account on Thursday night. Keyamo revealed that the Air...

Consumers kick as FG plans fresh power tariff hike

28.02.2025

In its bid to enhance the liquidity of the Nigerian Electricity Supply Industry, the Federal Government has said it is considering plans to regularise the electricity tariffs to address disparities in the current billing system for customers outside the Band A category. The proposed hike seeks to align tariffs for customers in the Band B...

‘CBN’s ATM charges will worsen hardship for low-income earners’

28.02.2025

A FinTech Executive and Techpreneur, Tope Dare, has warned that the Central Bank of Nigeria’s revised ATM withdrawal fees, set to take effect on March 1, 2025, will hurt low-income Nigerians while benefiting wealthier individuals. “This policy ultimately favors those who can afford to withdraw larger sums, while the average Nigerian, who withdraws in smaller...

Mistakes to avoid when renting apartment

28.02.2025

It is advisable to be ultra-vigilant when renting an apartment to avoid costly mistakes. Many tenants fall into the trap of rushing into a lease without thoroughly inspecting the property, only to discover hidden damages or pest infestations later. Others sign agreements riddled with unfavourable clauses, such as excessive penalties for early termination or vague...

Experts fear manipulation in CBN’s insider loans directive

28.02.2025

Industry watchers have raised concerns that some manipulation of financial reports may happen following the directive of the Central Bank of Nigeria to banks on insider loans. In exclusive chats with The PUNCH, these stakeholders said the regulator’s notice would likely allow the banks to move funds around and cover their tracks. In a circular...

NAICOM tasks insurance firms on speedy claims resolution

28.02.2025

The National Insurance Commission has challenged insurance companies to ensure speedy resolution of claims to boost public confidence in the sector. This was disclosed by the Chairperson, Sub-Publicity Committee of Nigeria’s Insurers Committee, Ebelechukwu Nwachukwu, as the position of NAICOM during a media chat after the Insurers’ Committee Meeting held in Lagos. At the media...

NLC shelves protest as subscribers welcome 35% tariff hike

28.02.2025

The Nigeria Labour Congress has shelved its planned protest scheduled for March 1, 2025, after reaching an agreement with the Federal Government on a 35 per cent increase in telecom tariffs, The PUNCH reports. NLC’s decision was welcomed by the National Association of Telecommunications Subscribers on Thursday, as the group called for better relief measures...

RMAFC condemns states’ failure to implement pay guidelines

28.02.2025

The Revenue Mobilisation Allocation and Fiscal Commission has criticised several states for their failure to properly implement the commission’s remuneration guidelines for political, public, and judicial officeholders. The Chairman of the RMAFC, Dr Mohammed Shehu, raised these concerns during a workshop held in Abuja on Thursday, aimed at addressing the challenges faced by states in...

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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

Importers fret as Dangote lowers petrol price again

Unstable electricity hindering industrialisation in Nigeria – Dangote

Nigerian passengers stranded in Togo after Air France flight diversion

Consumers kick as FG plans fresh power tariff hike

‘CBN’s ATM charges will worsen hardship for low-income earners’

Mistakes to avoid when renting apartment

Experts fear manipulation in CBN’s insider loans directive

NAICOM tasks insurance firms on speedy claims resolution

NLC shelves protest as subscribers welcome 35% tariff hike

RMAFC condemns states’ failure to implement pay guidelines

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I apologise for saying no heaven without tithe – Adeboye

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