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Banks clear major USSD debt to prevent service disconnection

04.02.2025
Nigeria’s telecom operators have kept Unstructured Supplementary Service Data services active as banks make significant progress in repaying their outstanding debts, preventing a potential disruption that could have impacted millions of users. The banks, which were at risk of disconnection due to a N160bn debt, have made substantial progress in clearing their liabilities, ensuring continued...
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OPS kicks as businesses lose N2.5tn to administrative bottlenecks

04.02.2025
Members of the Organised Private Sector, including the Small and Medium Enterprises Development Agency of Nigeria, and the National Association of Chambers of Commerce, Industry, Mines, and Agriculture have expressed worry over the N2.5tn annual losses by the business community to administrative bottlenecks. Speaking with The PUNCH on Sunday, the Director-General of SMEDAN, Mr Charles...
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Why banks cannot lift order defreezing GHL’s accounts

03.02.2025
FirstBank has appealed the Federal High Court judgement that lifted the order placed on the assets of General Hydrocarbons Limited, its directors, and shareholders. In a statement issued by the bank on Sunday, it warned other banks to be cautious in complying with the ruling of Justice Deinde Dipeolu, disclosing that it has appealed the...
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BUA Foods posts N275bn profit

03.02.2025
BUA Foods Plc has reported a profit after tax soaring by 145.3 per cent to N274.95bn in the fiscal year 2024. In a statement made available to our correspondent on Sunday, the company’s gross profit grew by 107.9 per cent to N541.71bn, further demonstrating its operational efficiency. According to the statement, the company’s revenue reached...
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Electricity tariff hike looms as FG plans to end subsidy

03.02.2025
Power consumers have opposed plans by the Federal Government to raise electricity tariffs by over 66 per cent, from N116.18 to N193.63 per kilowatt-hour. The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, recently disclosed that the current power tariffs would rise by about two-thirds. Verheijen said Nigeria’s power prices need to rise...
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Firm plans affordable solar products for Nigerians

03.02.2025
Winock Solar, a leading provider of sustainable energy solutions, has introduced a new range of innovative solar products designed to provide reliable and affordable power solutions to Nigerians. According to a press statement on Sunday, the company launched the SurePower 1000, SurePower 2000, Winock Tall Tubular Battery, and Winock Solar Panels, to tackle the country’s...
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Naira appreciates as govt clears $7bn FX backlog

03.02.2025
Optimism around the $7bn foreign exchange backlog’s clearance and improved liquidity contributed to a 3.68 per cent week-on-week appreciation of the naira to 1,474.78/$ at the close of trading in the past week from 1,531.20/$ in the previous week. On Wednesday, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced that the Federal...
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Inspect all Allied Air aircraft, NSIB tells NCAA

03.02.2025
The Nigerian Safety Investigation Bureau has raised the alarm over the aircraft in the fleet of Allied Air, asking the Nigeria Civil Aviation Authority to ensure a discrete inspection of the airline for possible mechanical defects. NSIB asked the aviation regulator to pay attention to the flap and landing gear systems of the aircraft operated...
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Experts advocate wearable protective robots for construction workers

03.02.2025
Operators in the construction sector have called for the adoption of wearable robots for construction workers to avert injuries. An expert in construction engineering and management, Anthony Yusuf, in his publication titled Collaborations between industry and academia for future workforce development: construction practitioners’ perspective, noted that the challenges of the construction industry are workforce-related. He...
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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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