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30 states generate N2.8tn, spend N3tn on travels, salaries

11.02.2025
An analysis of the 2024 full-year budget implementation report of state governments has revealed that 30 state governors generated N2.8tn as Internally Generated Revenue but disbursed N3.03tn on operational costs. The N.03tn was spent on refreshments, sitting allowances, local and foreign trips, utilities, and medical expenses. This fiscal nature of the state governments came under...
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Ex-CIIN president honoured on 60th birthday

11.02.2025
Recognition came the way of the former President of the Chartered Institute of Insurance Nigeria and Chief Executive Officer of Risk Analyst Insurance Brokers, Dr. Funmi Babington-Ashaye, for her illustrious career and contributions to Nigeria’s insurance sector. The recognition came in commemoration of her 60th birthday recently. At the Thanksgiving service of Babington-Ashaye, the presiding...
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CBN shifts MPC meeting to February 19, 20

11.02.2025
The Central Bank of Nigeria has rescheduled the 299th Monetary Policy Committee meeting earlier slated for February 17 and 18, 2025. In a statement on Monday, the apex bank said the meeting will now be held on February 19 and 20, 2025. The statement read, “The Central Bank of Nigeria has announced that the 299th...
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Firm plans N600m capital raise for food production

11.02.2025
Proven Financial Services Ltd has announced plans to raise N600m via private placement in the capital market to finance its agribusiness. The Group Managing Director of Proven Financial Services Ltd., Olufemi Ogbiyele, disclosed this in a briefing in Abeokuta on Friday. He expressed the firm’s commitment to contributing to the country’s food sufficiency by utilising...
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40 African startups raise $289m in January—Report

11.02.2025
Funding for the start-ups in Africa got off on a positive note in 2025 as nearly $300m was raised in January. According to Africa: The Big Deal!, which monitors activities in the continent’s startup space, on Monday, about 40 firms got $289m in funding. African start-ups had raised $2.2bn in 2024 in equity, debt, and...
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How to control your expenses with budgeting

11.02.2025
Managing personal finances requires deliberate and strategic actions, especially in a high-inflation environment where expenses continue to rise with growing needs and obligations, JOSEPHINE OGUNDEJI writes Controlling your expenses requires a strategic approach to managing your finances. Without a plan, it’s easy to overspend and struggle with financial instability. Budgeting strategies provide a clear framework...
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CIS advocates stronger stockbroker role in economic growth

11.02.2025
The President and Chairman of the Council of the Chartered Institute of Stockbrokers, Oluropo Dada, alongside the Institute’s first Vice President, Fiona Ahimie, has reiterated the crucial role of stockbrokers in driving Nigeria’s economic growth and financial stability. Dada made the remarks during a courtesy visit to the Minister of Marine and Blue Economy, Adegboyega...
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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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