Business – Page 594 – Rise Africa

Govt partners Aig-Imoukhuede Foundation on civil service reform – Punch Newspapers

18.02.2025

The Federal Government, through the Federal Ministry of Industry, Trade and Investment, has partnered with the Aig-Imoukhuede Foundation to drive civil service reforms. The collaboration formalized through a Memorandum of Understanding, aims to improve FMITI’s operational efficiency by leveraging technology and strengthening capacity development. The partnership was sealed during FMITI’s retreat, which brought together key...

Inflation pushed consumer credit to N4.4tn in November – CBN – Punch Newspapers

18.02.2025

Nigeria’s consumer credit outstanding rose significantly by 26.29 per cent to N4.42tn in November 2024, up from the preceding month’s figure of N3.5tn, an analysis of data from the Monthly Economic Report of the Central Bank of Nigeria showed on Monday. Consumer credit outstanding is the total amount of debt people owe from using credit...

SMOOV Chapman rebrands – Punch Newspapers

18.02.2025

The La Casera Company PLC has announced it unveiled a new look for the SMOOV Chapman brand introduced into the Nigerian market in Sep 2014 in a 50cl SKU but was later made available in 35cl and 60cl SKUs. Whilst unveiling the new look of the brand tagged “Fresh Label…Same Original Taste…SMOOVIT” at the TLCC...

FG plans N2.3tn electricity subsidy in 2025 – Punch Newspapers

18.02.2025

The Federal Government may spend N2.36tn on electricity subsidies for low-income consumers in 2025, a figure that comes amid plans to implement a cost-reflective tariff for electricity consumers. This came as the Multi-Year Tariff Order released by the Nigerian Electricity Regulatory Commission on Sunday showed that the government incurred N178.03bn electricity subsidy in January despite...

Providus Bank appoints Tukur as non-executive director – Punch Newspapers

18.02.2025

Providus Bank has appointed Mr. Mahmud Tukur as a non-executive director. In a statement made available to The PUNCH on Monday, it was indicated that his appointment was ratified at the bank’s Annual General Meeting, held in Victoria Island, Lagos recently. Tukur is the founder and Group Chief Executive Officer of Ashgrove Group. He is...

Blue economy academy to educate Nigerians on sea wealth – Founder – Punch Newspapers

18.02.2025

The founder of The Blue Economy Academy, Mr. Ubong Essien, said the newly launched institution was founded to educate people on the value and significance of the wealth embedded in Nigerian waters. Addressing journalists over the weekend during a launch in Lagos, Essien said the academy, whose core vision is ‘Prosper by Water,’ aims at...

FG cancels plan to merge NCAA, NAMA – Punch Newspapers

18.02.2025

President Bola Tinubu has decided to halt the proposed merger of the Nigeria Civil Aviation Authority and the Nigerian Airspace Management Agency, the Minister of Aviation and Aerospace Development, Festus Keyamo has said Keyamo said this comes after careful consideration of the Steve Oronsanye Report recommendations. He also revealed that the aviation sector is exempted...

FG reduces oil theft to 5,000bpd – Punch Newspapers

18.02.2025

The Nigerian Upstream Petroleum Regulatory Commission has revealed that the volume of stolen crude oil in the country has reduced to about 5,000 barrels per day, enabling oil production to rise to 1.75 million bpd as of January 2025. The Commission Chief Executive, Gbenga Komolafe disclosed this as part of reforms and achievements in Nigeria’s...

FG will decide Keystone Bank’s future – Analysts – Punch Newspapers

18.02.2025

As the Federal Government takes over Keystone Bank, analysts have projected that it will be looking at a restructuring, a sale, or a merger to boost the fortunes of the lender. The projection came days after the Lagos State High Court, Ikeja, ordered the forfeiture of shares previously held by the bank’s former shareholders, Sigma...

Real estate company wants passage of Peace Corps Bill – Punch Newspapers

18.02.2025

The Chief Executive Officer of Pelican Valley Nigeria Ltd., Dr. Babatunde Adeyemo, has appealed to members of the National Assembly to ensure that the Peace Corps Bill, which has resurfaced before the 10th Assembly, is given an accelerated hearing and speedy passage into law. Adeyemo also passionately appealed to President Bola Ahmed Tinubu to give...

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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

Govt partners Aig-Imoukhuede Foundation on civil service reform – Punch Newspapers

Inflation pushed consumer credit to N4.4tn in November – CBN – Punch Newspapers

SMOOV Chapman rebrands – Punch Newspapers

FG plans N2.3tn electricity subsidy in 2025 – Punch Newspapers

Providus Bank appoints Tukur as non-executive director – Punch Newspapers

Blue economy academy to educate Nigerians on sea wealth – Founder – Punch Newspapers

FG cancels plan to merge NCAA, NAMA – Punch Newspapers

FG reduces oil theft to 5,000bpd – Punch Newspapers

FG will decide Keystone Bank’s future – Analysts – Punch Newspapers

Real estate company wants passage of Peace Corps Bill – Punch Newspapers

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I apologise for saying no heaven without tithe – Adeboye

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