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PayPal Launches Credit Card to Expand In-Store Reach

04.06.2025
PayPal Holdings Inc. is set to launch a new credit card as part of its strategy to strengthen its presence in physical retail locations. The card, issued by Synchrony Financial, will expand PayPal’s lineup of financial products, which already includes a long-standing debit card and a 3% cash-back credit card. The California-based company said the...
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Presidency Moves to Settle N2tn Power Debt Crisis

04.06.2025
The Presidency has begun internal approval processes to resolve the N2tn legacy debt owed to electricity generation companies before the end of the coming quarter, as part of efforts to stabilise Nigeria’s power sector. A representative of the Special Adviser to the President on Energy, Eriye Onagoruwa, disclosed this on Monday at the second Nigerian...
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Equity Market Opens Week with N173bn Gain Surge

04.06.2025
The Nigerian equities market commenced the week on a positive note, gaining N173bn in market capitalisation as investors showed renewed interest in select large- and mid-cap stocks across key sectors. Data from the Nigerian Exchange Limited on Monday showed that the All-Share Index appreciated by 284.25 points, or 0.25 per cent, to close at 112,026.26,...
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Climate Adaptation to Cost Africa $100bn Annually – SEC

04.06.2025
The Director-General of the Securities and Exchange Commission, Emomotimi Agama, says Africa requires over $100bn annually to address the financing gap for climate adaptation, calling for the mobilisation of capital markets. In a statement made available to our correspondent, Agama made this call during his presentation titled ‘The Role of Capital Markets in Closing Financing...
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Fidelity Bank Rated A+(nga) by Fitch in Credit Upgrade

03.06.2025
International credit rating agency Fitch Ratings has upgraded Fidelity Bank’s National Long-Term Rating to ‘A+(nga)’ from ‘A(nga) and affirmed its Long-Term Issuer Default Rating (IDR) at ‘B’. The rating announced on Thursday was underpinned by Fidelity Bank’s successful capital raise through a rights issue and public offer and an improvement in profitability, on the back...
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Seven States Spend 190% of Revenue on Loan Repayment

03.06.2025
Seven states spent an average of 190 per cent of their Internally Generated Revenue on debt servicing in the first quarter of 2025, a development that shows the worsening fiscal strain facing subnational governments. Data from the Q1 2025 Budget Implementation Reports of Bayelsa, Adamawa, Benue, Niger, Kogi, Taraba, and Bauchi states show that debt...
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Businesses Mark Six-Month Consecutive Growth Report

03.06.2025
Nigeria’s private sector continued to expand in May, marking the sixth consecutive month of growth in business conditions even as businesses grapple with elevated inflationary pressures and, for the first time in six months, a dip in employment. This was indicated in the latest Stanbic IBTC Purchasing Managers’ Index released on Monday. The PMI, which...
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IATA Flags High Operating Costs for Airlines in Africa

03.06.2025
The International Air Transport Association has expressed concern over the high operating costs of airlines in Africa. IATA Regional Vice President Kamil Al-Awadhi revealed this through a document presented at the ongoing 81st IATA Annual General Meeting in New Delhi, India. The document which was obtained by our correspondent revealed that African airlines spent an...
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FG and Nestlé Train Farmers to Boost Milk Production

03.06.2025
The Federal Government, in partnership with Nestlé Nigeria, has unveiled an initiative aimed at equipping Nigerian farmers with the technical skills needed to boost milk production and improve livelihoods. The collaboration was announced on Monday at the signing of a letter between Nestle Nigeria and the Ministry of Livestock Development in commemoration of World Milk...
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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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