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Heavy sanctions for FX code breaches, CBN warns banks

30.01.2025
The Central Bank of Nigeria Governor, Olayemi Cardoso, has issued a stern warning to financial institutions, emphasising that violations of the newly launched Nigeria Foreign Exchange Code will attract severe sanctions. Speaking during the launch of the FX Code at the CBN headquarters in Abuja on Tuesday, Cardoso highlighted the significance of the framework in...
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FG invests N150bn in real estate fund

30.01.2025
The Federal Government of Nigeria, through the Ministry of Finance Incorporated, has fully subscribed to the Series 1 issuance of N150bn for the Real Estate Investment Fund. In a recent statement, it was revealed that the full subscription to the Series 1 Fund underscores the FG’s role as the sponsor while empowering the private sector...
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UBA to educate SMEs, business owners

30.01.2025
Africa’s Global Bank, United Bank for Africa Plc, is set to host a Knowledge Series webinar to educate small and medium business owners on the 2024 withholding tax regulations that went into force this year. The webinar themed ‘2024 Withholding Tax Regulations, Specific Emphasis on How They Affect SMEs’ is scheduled to be held on...
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FG approves 25-year licence for 10 gas distribution companies

30.01.2025
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has issued a 25-year gas distribution licence to 10 companies for the establishment, construction and operation of gas distribution networks. The licenses issued, aimed at promoting domestic gas utilisation, cover franchise areas in Lagos, Ibadan, Port Harcourt, and Benin City. It is to...
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NUPRC targets N15tn revenue in 2025

30.01.2025
The Nigerian Upstream Petroleum Regulatory Commission has said it is targeting N15tn revenue this year. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, disclosed this on Tuesday while addressing newsmen shortly after he was awarded the ThisDay CEO of the Year Award in Lagos State. Komolafe recalled that the NUPRC surpassed...
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Customs generated N180bn at Lagos airport – Official

29.01.2025
The Murtala Muhammed Airport command of the Nigeria Customs Service said it raked in a total of N180.75 billion from cargoes imported into the country through the aerodrome in 2024. The command also intercepted contrabands worth N10.51bn in the same year under review. The Command Area Controller,  Micheal Awe, made this known at a press...
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NCAA to impose larger sanctions on Royal Air Maroc

29.01.2025
The Nigerian Civil Aviation Authority has announced ongoing investigations that could lead to broader sanctions against Royal Air airline over alleged unprofessional conduct and non-compliance with regulatory standards. The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, told our correspondent that broader investigations into other cases involving Royal Air Maroc are...
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Global leaders tasked on social safeguards in trade

29.01.2025
As the global political economy faces a critical test, world leaders must urgently prioritise strengthening democratic governance and embedding social safeguards in trade systems rather than undermining them. This was the resounding call at the 2025 World Economic Forum Annual Meeting, held in Davos, where discussions on inequality, technological disruption, and the future of globalisation...
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Cascador supports Nigerian entrepreneurs with $50,000

29.01.2025
Cascador, a transformative programme for mid-stage entrepreneurs in Africa, has reaffirmed its commitment to empowering Nigerian entrepreneurs by offering significant financial support, leadership training, and networking opportunities. During its recent alumni meeting in Ikeja, the organisation emphasised its goal of fostering impact-driven entrepreneurship across the continent. According to Cascador’s founder, Dave DeLucia, the programme is...
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Institute, UN agency collaborate on project management

29.01.2025
The Project Management Institute and the United Nations specialised agency for ICTs, the International Telecommunication Union, have signed a collaboration agreement to enhance project governance, implementation, and the development of future-ready skills within ITU’s global initiatives. A statement by PMI on Thursday disclosed that the partnership is grounded in a shared vision to deliver measurable...
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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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