Business – Page 628 – Rise Africa

NCDMD partners science academy on research, development

01.02.2025

The Nigerian Content Development and Monitoring Board has pledged to partner with the Nigerian Academy of Science on research and development. A statement issued on Thursday disclosed that the board pledged at the official inauguration of the NAS-TY Danjuma Science Museum and Library Building at the NAS headquarters in Abuja on Monday. The Executive Secretary...

FBN Holdings earnings rise by 113% to N3.3tn

31.01.2025

FBN Holdings grew its gross earnings by 113 per cent to N3.33tn in the 2024 financial year. This was indicated in the group’s unaudited financial statement published on Thursday via the platform of the Nigerian Exchange Limited. FBN Holdings is the parent company of First Bank of Nigeria. There are other subsidiaries in the group....

Aba Power defends tariff hike, says new rates reflect economic realities

31.01.2025

The Aba Power has justified its recent tariff increase, insisting that its rates are entirely cost-reflective and necessary for sustainable operations. The company’s Managing Director, Ugo Opiegbe, stated this at a media parley held at its corporate headquarters in Aba on Wednesday, following widespread protests by residents over the new electricity tariffs approved by the...

Nigerian equity market sustains bullish streak with N348bn turnover

31.01.2025

In terms of market performance, the All-Share Index rose by 194.69 points, or 0.19 per cent, to close at 104,744.43. The ASI has recorded a week-on-week gain of 1.9 per cent and a year-to-date gain of 1.77 per cent. Other key indices, such as the Top 30 Index, Consumer Goods Index, and Industrial Index, also...

Mobile money drives growth as Airtel Africa declares $248m profit

31.01.2025

Airtel Africa has announced a profit after tax of $248 million approximately N190.4 billion, for the nine-month period ending December 2024. In the company’s financial statement filed on the Nigeria Exchange Limited on Thursday, the company recorded growth in its revenue, with mobile money transactions increasing by 29.6% year-on-year to reach $731m. The revenue from...

BUA Foods suffers N188.7bn FX loss

31.01.2025

BUA Foods has reported a foreign exchange loss of N188.7bn for the year ended December 31, 2024. According to the company’s statement of profit or loss and other comprehensive income filed on the Nigerian Exchange Limited on Thursday, the loss was attributed to the volatility in the foreign exchange market, which has been a key...

Police, NAICOM inaugurate committee on compulsory insurance

31.01.2025

The National Insurance Commission and the Nigeria Police Force have inaugurated a joint committee on enforcement of compulsory insurance laws. The joint committee was inaugurated at NAICOM’s headquarters in Abuja on Thursday, a statement from the regulator said. It revealed that the move is aimed at strengthening insurance compliance in the country and the announcement...

NLC proposes 5% telecoms tariff hike, insists on protest

31.01.2025

The Nigeria Labour Congress has again rejected the 50 per cent telecom tariff hike approved by the Nigerian Communications Commission, proposing a five per cent increase instead. The country’s labour union also reaffirmed its plan to proceed with a nationwide protest on Tuesday, February 4, 2025, to express its opposition to the tariff adjustment. NLC...

NNPC, marketers import 633m litres of fuel

31.01.2025

The Nigerian National Petroleum Company Limited and other marketers in the downstream oil sector imported more than 633 million litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) in January 2025 despite the production of these commodities domestically. The latest industry data on the importation of PMS and AGO by these firms indicated...

FG eyes 150 CNG stations in 2025

31.01.2025

The Federal Government says it plans to have no fewer than 150 Compressed Natural Gas stations before the end of 2025. The Programme Director and Chief Executive of the Presidential CNG Initiative, Michael Oluwagbemi, stated this on Thursday during the groundbreaking ceremony of five mini-liquefied natural gas plants in Kogi by the Nigerian National Petroleum...

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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...

Latest news

Residents Block Roads, Protest Extension Of Ibadan Circular Road

PAACA To FG, Suspend 15% Fuel Import Tariff Until Domestic Refining Capacity Hits 80%

PDP Leaders Caution Against Alleged Illegal Moves To Upturn Guber Primary

FCT Police Intensify Crime Prevention With Church Patrol Operations

Latest News

NCDMD partners science academy on research, development

FBN Holdings earnings rise by 113% to N3.3tn

Aba Power defends tariff hike, says new rates reflect economic realities

Nigerian equity market sustains bullish streak with N348bn turnover

Mobile money drives growth as Airtel Africa declares $248m profit

BUA Foods suffers N188.7bn FX loss

Police, NAICOM inaugurate committee on compulsory insurance

NLC proposes 5% telecoms tariff hike, insists on protest

NNPC, marketers import 633m litres of fuel

FG eyes 150 CNG stations in 2025

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The Battle for Africa

I apologise for saying no heaven without tithe – Adeboye

Protesters storm Rivers electoral commission, insist election must hold

Man who asked Tinubu to resign admitted in psychiatric hospital

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I apologise for saying no heaven without tithe – Adeboye

Protesters storm Rivers electoral commission, insist election must hold

Man who asked Tinubu to resign admitted in psychiatric hospital

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