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BRICS Lawmaker Backs Local Currency Trade Initiative

05.06.2025
The Chairman of the House Committee on Foreign Affairs, Wole Oke, has called for deeper trade cooperation among BRICS nations and their partners, urging the bloc to reduce reliance on Western markets and dollar-based transactions. Oke, who spoke at a BRICS trade forum in Brazil on Tuesday, said the world was entering a new era...
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Customers to Pay Banks USSD Fees via Airtime – NCC Update

05.06.2025
The Nigerian Communications Commission has directed Deposit Money Banks to start deducting charges for unstructured supplementary service data transactions directly from users’ mobile airtime. According to an email from the United Bank for Africa to customers on Tuesday, the charges will no longer be deducted from customers’ accounts. UBA said the directive takes effect from...
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Oando reports N220bn profit – Punch Newspapers

05.06.2025
Integrated energy company, Oando Plc, has reported a 267 per cent appreciation in its profit after tax to N220bn in the 2024 financial year. This was indicated in its audited financial report filed with the Nigerian Exchange on Wednesday. Oando PLC is listed on both the Nigerian Exchange and the Johannesburg Stock Exchange. In the...
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FRSC urges AGF to support timely release of funds

05.06.2025
The Federal Road Safety Corps has appealed to the Office of the Accountant-General of the Federation for the timely release of funds to enable the agency to meet its operational obligations across the country. According to a press statement on Wednesday by the Director of Press and Public Relations at the Office of the Accountant-General...
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Fuel, power costs driving high inflation, say firms

05.06.2025
The Central Bank of Nigeria has reported that the majority of Nigerian firms identify high energy costs, particularly fuel, diesel, and electricity, as the leading cause of inflation in the country. This was disclosed in its May 2025 Inflation Expectation Survey, which highlights worsening concerns about the cost environment for businesses across the country. According...
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Electricity tariff reform targets N200bn subsidy burden

05.06.2025
The National Council on Power has adopted a cost-reflective tariff for electricity consumption to reduce the country’s N200 bn monthly electricity subsidy. This was contained in a communique issued by the Ministry of Power at the just-concluded 6th edition of the National Council on Power held in Maiduguri, Borno State. The National Council on Power...
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Mining growth slows as capital shortage hits sector – RMDB

05.06.2025
The President/Chief Executive Officer of the Regional Maritime Development Bank, Mr Adeniran Aderogba, has decried the structural and financial barriers hindering Africa’s mining sector, urging African nations to confront them. According to a statement over the weekend, Aderogba stated this recently while speaking during a high-level panel discussion at the African Development Bank Annual Meetings...
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Standard Insurance Celebrates 45th Anniversary Milestone

05.06.2025
Standard Insurance Consultants Limited, an insurance and reinsurance brokerage firm in Nigeria, has committed to industrial development and has donated N50m towards the  Nigerian Council of Registered Insurance Brokers’ Lagos building project. During the firm’s 45th anniversary celebration in Lagos, the Chairman and Managing Director of SICL, Professor Ahmed Salaudeen, announced the donation, according to...
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Moniepoint Acquires 78% Stake in Sumac to Boost Growth

04.06.2025
The Competition Authority of Kenya has officially approved the proposed acquisition of a 78 per cent stake in Sumac Microfinance Bank Limited by U.S.-based fintech firm Moniepoint Inc. The decision was given unconditionally, with the regulator noting that the transaction was unlikely to negatively impact competition in the Kenyan microfinance sector or raise public interest...
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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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