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Developer commends FCT minister over C-of-O issuance

03.02.2025
The Minister of the Federal Capital Territory, Nyesom Wike, has received widespread commendation for his remarkable effort in signing over 1,000 Certificates of Occupancy for house owners at River Park Estate in Abuja. Recall that the senior special assistant on public communications and new media to the minister, Lere Olayinka, recently revealed that 5,481 certificates...
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Equity market gains N1.1tn in one week

03.02.2025
The Nigerian equity market saw growth, gaining N1.1tn in just one week, as the All-Share Index closed at 104,496.12 and market capitalisation rose to N64.709tn. The increase was driven by performances in key sectors, despite declines in the insurance and industrial goods indices, which fell by 2.86 per cent and 0.52 per cent, respectively. A...
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Coca-Cola unveils packaging collection hub in Lagos

03.02.2025
Coca-Cola Nigeria Limited has commissioned a packaging collection hub in Apapa, Lagos, to boost plastic waste recycling. On Friday, the company, in a joint initiative with its bottler, Nigerian Bottling Company, stated its facility can process up to 13,000 metric tonnes of plastic bottles annually. The company added that the newly established hub was part...
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Addosser MFB unveils 25th Lagos outlet

03.02.2025
Addosser Microfinance Bank has expanded its operational base in Lagos by opening its 25th branch in Ogba recently. Since its establishment in 2008, the bank has steadily grown as a key player in supporting micro, small, and medium-sized enterprises and driving financial inclusion in Nigeria. Speaking at the branch opening, the Managing Director of Addosser...
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Wema Bank records N14.53bn in FX revaluation gains

03.02.2025
Wema Bank has seen its income from foreign exchange revaluation increase to N14.53bn at the end of 2024 from N13.60bn in 2023, indicating a 6.78 per cent increase. This was revealed in its unaudited financial statement for the fourth quarter of 2024, which was filed with the Nigerian Exchange Limited on Thursday. Forex revaluation gains...
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PTAD clears N1.18bn in pension arrears

03.02.2025
The Pension Transitional Arrangement Directorate has cleared a total of N1.18bn in pension arrears over the past five years, from 2020 to 2024, according to data obtained from BudgIT’s accountability platform, GovSpend, on Sunday. These payments benefitted thousands of retired federal workers and are part of the government’s ongoing efforts to address long-standing pension liabilities...
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PwC projects 26% inflation decline in 2025

03.02.2025
Professional services firm PwC has projected that inflation in Nigeria will drop to 26 per cent in 2025 due to tighter monetary policies. This was revealed in Nigeria’s 2025 Budget and Economic Outlook published on Thursday. The 2025 Appropriation Bill presented by President Bola Tinubu at the National Assembly projected that inflation will drop to...
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NAICOM issues fresh annuity rules to insurance firms

03.02.2025
The National Insurance Commission has issued fresh regulations on annuity business with effect from February 1, 2025, in a bid to sanitise that segment of the market. An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. You get...
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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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