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Delta receives highest Moody’s ratings in decades

07.02.2025
Delta Air Lines has seen its credit rating raised to the highest level in decades by credit rating agency Moody’s Ratings. This upgrade is the third that Delta has received in the last eight months, reflecting momentum in continuing to strengthen the company’s balance sheet and financial foundation. Moody’s was the only agency that maintained...
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Marketers move to curb fuel tanker accidents

07.02.2025
Oil dealers in the midstream and downstream sectors of the petroleum industry have suggested steps to stem the tide of fuel tanker accidents on the road. The stakeholders, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Independent Petroleum Marketers Association of Nigeria, the Petroleum Products Retail Outlet Owners Association of Nigeria, and others...
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NNPCL, JV partner to reduce gas flaring by 96%

07.02.2025
The Nigeria National Petroleum Company Limited said it has reduced gas flaring by 96 per cent at the Anyala (OML 83) and Madu (OML 85) fields, jointly managed by the national oil firm and the First Exploration & Petroleum Development Company Limited. It disclosed this in a statement issued on Thursday by NNPCL’s Chief Corporate...
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Suspend 4% Customs charge, LCCI advises FG

07.02.2025
The Lagos Chamber of Commerce and Industry has urged the Federal Government to suspend the newly introduced four per cent Customs processing charge (Comprehensive Import Supervision Scheme), citing a lack of consultation and the burden it places on businesses. The Director-General of LCCI, Dr Chinyere Almona, in a statement on Wednesday, condemned what she described...
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44% of businesses reduced workforce in 2024 – Report

07.02.2025
A report by Nigerian data company Mustard Insights has revealed that 44 percent of business owners in Nigeria reduced their workforce in 2024. According to the report, the findings, based on a survey of over 100 business owners, executives, and industry leaders, offer a comprehensive look at how the year’s challenging economic conditions affected organisations...
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AU, AFRIMA collaborate to boost music industry

07.02.2025
The African Union and the All-Africa Music Awards have strengthened their partnership with a formal agreement to promote Africa’s creative and cultural industries, particularly music. According to a statement, the AU signed a Memorandum of Understanding earlier in January cementing a decade-old collaboration it began in 2014 with AFRIMA’s inaugural awards. The agreement seeks to...
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Global services trade hits new high amid digital expansion

07.02.2025
The latest World Trade Organisation report has revealed that global services trade witnessed an impressive 10 per cent year-on-year increase in the third quarter of 2024, bolstered by robust expansions in transport, travel, and digitally deliverable services. According to the report, Asia led the global surge in services exports, rising by 16 per cent, followed...
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OPEC oil output declined in January – Report

07.02.2025
The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs. According to a report by Reuters on Wednesday, the development counteracted a recovery in the United Arab Emirates, where field maintenance had limited production in December....
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Excessive govt spending undermining monetary policy – MPC member

07.02.2025
A member of the Central Bank of Nigeria’s Monetary Policy Committee, Murtala Sagagi, says excessive government spending is a major challenge to effective monetary policy in Nigeria. According to Sagagi, the inability to control fiscal expenditure continues to undermine monetary policy measures, making inflation and exchange rate stability difficult to achieve. In his personal statement...
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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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