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Operators recommend AI to tackle financial fraud

10.02.2025
The former executive director of e-business and infrastructure at Inlaks Computers Limited and a board member of CitiData Centre Ltd., Tope Dare, has advocated the use of artificial intelligence for early detection of fraud in the financial sector. In a statement, Dare said AI was transforming the banking sector like every other industry, and the...
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NAICOM, FRSC strengthen collaboration on third-party insurance

10.02.2025
The National Insurance Commission and the Federal Road Safety Corps have strengthened collaboration on the enforcement of compulsory third-party motor insurance in Nigeria. In a statement on Friday, NAICOM said the collaborative effort aims to promote a safer and more secure environment for all road users. Recall that the police have commenced the enforcement of...
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NNPC, firm cut gas flaring by 96% in two oil fields

09.02.2025
The Nigerian National Petroleum Company Limited and First Exploration & Petroleum Development Company Limited have successfully cut routine gas flaring by 96 per cent at the Anyala (OML 83) and Madu (OML 85) fields, marking a major step towards environmental sustainability. In a statement on Thursday, NNPCL hailed the achievement as a major stride in...
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Nigeria’s GDP per capita shrinks to $835 —IMF

09.02.2025
The International Monetary Fund has revealed that Nigeria’s Gross Domestic Product per capita declined to $835.49 in 2025 from $877.07 in 2024, indicating a 4.74 per cent dip. According to data from the IMF website on Thursday, there has been a sustained downtrend since 2014, when the GDP per capita had stood at a high...
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Stanbic IBTC Capital leads Presco’s N82.9bn bond

09.02.2025
Stanbic IBTC Capital Limited has acted as the lead issuing house on Presco Plc’s issuance of an N82.89bn bond. In a statement on Thursday, it was revealed that the seven-year 23.75 per cent senior unsecured fixed-rate Series I bond under the company’s N150n bond issuance programme is aimed at expanding its West African footprint. Presco...
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Agusto affirms Baobab Nigeria’s ‘Bbb+’ rating

09.02.2025
Pan-African credit rating agency Agusto & Co. has affirmed a ‘Bbb+’ rating for Baobab Nigeria, indicating strong financial standing and prudent management practices in Nigeria’s microfinance industry. The rating was announced in a statement issued recently. Baobab Nigeria said it has demonstrated resilience and adaptability despite the challenging macroeconomic environment characterised by high inflation and...
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Firm unveils technology to end gas flaring

09.02.2025
PE Energy Limited, a leading energy services company has unveiled a new technology, Multi-phase Pump and Systems to end gas flaring and boost oil production in Nigeria. The new technology was unveiled in Lagos at an oil and gas seminar organised by the company in conjunction with ITT Bornemann GmbH under the theme, ‘Eliminating Gas...
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Tolling vital for sustainable road infrastructure – BPE

08.02.2025
The Director-General of the Bureau of Public Enterprises, Mr Ayodeji Gbeleyi, has stated that tolling operations on Nigerian roads mark a significant milestone in the country’s journey toward sustainable road infrastructure development. He disclosed this in a statement on Thursday. Speaking last Tuesday at the Garaku Toll Station, Km 32, Keffi-Akwanga Section, Keffi, Nasarawa State,...
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Address private sector constraints, World Bank tells FG

08.02.2025
The World Bank has urged the Federal Government to address key constraints hindering private sector growth in Nigeria, stating that reforms in critical sectors could unlock billions of dollars in investments and create thousands of jobs. Speaking at the Country Private Sector Diagnostic and Stakeholder Engagement in Abuja on Thursday, the World Bank’s Country Director...
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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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