Business – Page 584 – Rise Africa

Equity market gains N1.83tn in one week

24.02.2025

The Nigerian equity market recorded a gain of N1.83tn last week as the All-Share Index and Market Capitalisation appreciated by two per cent and 2.78 per cent to close at 108,053.95 points and N67.418tn respectively. A total turnover of 2.414 billion shares worth N55.512bn in 80,988 deals was traded by investors on the floor of...

Govt establishes gene bank to preserve livestock genetics – Punch Newspapers

24.02.2025

The Federal Government has announced the establishment of a gene bank to preserve the genetic makeup of indigenous livestock breeds, ensuring their sustainability for future generations. The Minister of Livestock Development, Muktar Maiha, made the announcement during the 2025 Ministerial Press Briefing in Abuja on Friday. Maiha emphasised that the gene bank is crucial for...

AfDB, Interpol partner against financial crime – Punch Newspapers

24.02.2025

The African Development Bank Group has signed a Letter of Intent with the International Criminal Police Organisation in a renewed commitment to its fight against corruption and financial crime. In a statement on Friday, it was revealed that AfDB was the first multilateral development bank to establish such a collaboration with Interpol. The Letter of...

NOSDRA begins oil recovery after Shell pipeline spill

24.02.2025

The National Oil Spill Detection and Response Agency has reported an oil spill from Shell’s underwater pipeline in Obololi, Southern Ijaw Local Government area of Bayelsa State. This is as it commenced the recovery of the spilled crude on Friday. The agency in a statement signed by its Director-General, Chukwuemeka Woke on Friday, said a...

CNG adoption: Nipco converts 15,000 vehicles

24.02.2025

Nipco Gas Limited has announced the conversion of 15,000 vehicles to run on Compressed Natural Gas, adding that the firm has also received Gas Distribution Licences from the Federal Government. It said the government issued the GDL to Nipco Gas through the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The company’s Managing Director, Nagendra Verma,...

Expert highlights potential to transform Africa’s economy, governance

24.02.2025

Blockchain expert, Danny Oyekan, has said that technology is increasingly recognised as a transformative force in Africa, potentially revolutionising financial systems, trade, and governance. Oyekan in a statement made available to PUNCH Online on Saturday also stated that Blockchain could bridge economic gaps, drive financial inclusion, and enhance transparency across the continent with the right...

Customs seek traditional rulers’ support to tackle smuggling

24.02.2025

The Nigeria Customs Service, Seme Area Command, said it is seeking strong collaboration with traditional rulers and other sister agencies to tackle smuggling and boost border security. The Customs Area Controller in charge of the command, Dr Ben Oramalugo, stated this during a two-day visit to traditional rulers and security agencies in Badagry, Lagos State....

MDAs must prioritise capacity building in public service reforms – BPSR DG

24.02.2025

Director-General, Bureau of Public Service Reforms, Dasuki Arabi, explains the importance of capacity building in the revamp of Nigeria’s Civil Service systems in this interview with DANIEL ADAJI To what extent have public service reforms improved the MDAs and benefitted Nigerians? Thank you very much for allowing me to speak to Nigerians through you. The...

Business

High FX, import costs limit business profitability – NESG

24.02.2025

Nigeria’s business environment showed signs of improvement in January 2025, but businesses continued to struggle with profitability due to the high foreign exchange rate and rising import costs. This is according to the latest Business Confidence Monitor published by the Nigerian Economic Summit Group in collaboration with Stanbic IBTC. The report indicated that while commercial...

Alcohol, tobacco record highest inflation rate

24.02.2025

The National Bureau of Statistics has disclosed that alcoholic beverages, tobacco, and narcotics recorded the highest inflation rate at 14.80 per cent, according to its latest rebased Consumer Price Index for January 2025. In a graphical illustration presented in its CPI report, the NBS noted that the alcohol and tobacco item division was followed by...

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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

Equity market gains N1.83tn in one week

Govt establishes gene bank to preserve livestock genetics – Punch Newspapers

AfDB, Interpol partner against financial crime – Punch Newspapers

NOSDRA begins oil recovery after Shell pipeline spill

CNG adoption: Nipco converts 15,000 vehicles

Expert highlights potential to transform Africa’s economy, governance

Customs seek traditional rulers’ support to tackle smuggling

MDAs must prioritise capacity building in public service reforms – BPSR DG

High FX, import costs limit business profitability – NESG

Alcohol, tobacco record highest inflation rate

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I apologise for saying no heaven without tithe – Adeboye

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