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BDC Recapitalization Deadline: CBN Denies Extension

13.06.2025
The Central Bank of Nigeria has refuted claims in the media suggesting an extension of the deadline for the recapitalisation of Bureau De Change operators to December 31, 2025. In a statement on Wednesday, the CBN’s acting Director of the Corporate Communications Department, Mrs Hakama Sidi-Ali, dismissed the information as “false” and “misleading.” She reiterated...
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Africa Innovation: Homegrown Solutions for Growth

13.06.2025
Africa’s long-term economic growth and global competitiveness depend on scaling local innovation and investing in critical infrastructure, executives said at the 2025 Africa Soft Power Summit held in Nairobi, Kenya. The summit, which concluded on May 25, brought together policymakers, business leaders, creatives and technologists under the theme “Africa’s Growth Engine: Aligning the Flow of...
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Nigeria’s $2.4bn Failure Spurs Calls

13.06.2025
Following the seemingly botched repairs of the Port Harcourt and Warri refineries, after both plants gulped about $2.4bn and returned to dormancy within six months of operation, the Organised Private Sector and oil marketers have called for the immediate privatisation of the facilities. However, the regulatory agency of the midstream and downstream arms of the...
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NNPCL Remits N4.2tn, Upgrades Refineries

13.06.2025
The Nigerian National Petroleum Company Limited on Thursday revealed that the total statutory payments it made to the federation account between January and March amounted to N4.22tn, adding that refinery upgrades and assessments were ongoing. NNPCL further disclosed that it generated a total revenue of N5.89tn from operational activities in April 2025. The firm, in...
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Forex Inflow Boosts Nigeria’s Economy

13.06.2025
There are indications that ongoing economic reforms may gain traction over rising foreign exchange inflow, FELIX OLOYEDE reports The country’s external revenues increased by 18.69 per cent to $38.33bn as of June 4, 2025, up from $32.29bn as of April 15, 2024, reflecting a renewed interest in Nigeria’s economy. The economy attracted foreign portfolio investments...
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Notore Delisting: NGX Halts Trading

13.06.2025
The Nigerian Exchange Limited has announced the suspension of trading in the shares of Notore Chemical Industries Plc, effective Wednesday, 11 June 2025, ahead of the company’s planned delisting from the stock market. In a market bulletin signed by the Head of the Issuer Regulation Department, Godstime Iwenekhai, on Wednesday, the Exchange said the move...
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Nigeria’s Oil Production Shrinks Again

13.06.2025
Efforts by the Federal Government to ramp up oil production to over two million barrels per day suffered another setback last month, The PUNCH reports. This was as Nigeria’s daily oil production declined again in May, falling from 1.68 million barrels per day in April to 1.65mbpd last month. According to data from the Nigerian...
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Loyalty Summit 2025: AI & Future Solutions

13.06.2025
A loyalty industry summit, scheduled to hold later this year, will examine Artificial Intelligence and other future solutions that will shape the sub-sector. It is expected to also explore emerging trends, innovations, and accomplishments in the loyalty sector. The event, an annual Loyalty & Awards conference, and organised by Global Flight, is scheduled to hold...
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Fitch & GCR Upgrade Ratings

13.06.2025
Wema Bank has received upgraded ratings from two leading credit rating agencies, Fitch Ratings and Global Credit Ratings, further giving credence to its capacity for long-term sustainability in the African banking ecosystem, the 80-year-old lender said on Thursday. According to a statement, Fitch Ratings revised Wema Bank’s outlook from Stable to Positive and upgraded its...
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China Offers Nigeria Duty-Free Trade Access

13.06.2025
In a major policy shift set to reshape Africa-China trade relations, the Chinese government has announced plans to grant Nigeria and 52 other African nations full duty-free access to its vast consumer market. The new trade initiative, disclosed by President Xi Jinping in a letter to African foreign ministers, will extend zero-tariff treatment to 100...
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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
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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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