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Wakanow unveils plans to boost intra-African travel

24.01.2025
The Chief Executive Officer of Wakanow Group, Adebayo Adedeji, has shared his vision for boosting economic growth across Africa through increased intra-African travel. Making this disclosure during a recent interview with CNN’s Marketplace Africa, Adedeji emphasised the company’s commitment to leveraging fintech innovations, forming strategic airline partnerships, and investing in local travel operators to make...
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179 oil theft incidents uncovered in one week – NNPCL

24.01.2025
The Nigerian National Petroleum Company Limited says it uncovered 179 incidents of crude oil theft in the past week. The company affirmed that the war on crude oil theft and vandalism rages on as industrywide security collaboration continues to safeguard hydrocarbon infrastructure. A video released by the NNPC shows the incidents recorded between January 11...
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EKEDC warns customers against cyber threats

24.01.2025
The Eko Electricity Distribution Company has issued a public advisory, urging its customers to be more vigilant and proactive in safeguarding themselves against the rising wave of cyber threats. In a statement issued by the company and signed by the EKEDC General Manager, Corporate Communications, Babatunde Lasaki, the company said with the increasing reliance on...
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Subscribers meet NCC today as Labour mobilises for showdown

24.01.2025
•Labour officials talk tough, insist telcos must be prevented from exploiting Nigerians The National Association of Telecommunications Subscribers will engage the Nigerian Communications Commission on Friday, seeking a possible reversal of the 50 per cent telecom tariff hike to 10 per cent, as the Nigeria Labour Congress signals readiness for protest. The Federal Government approved...
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15% inflation target achievable in 2025 – Oyedele

24.01.2025
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has expressed optimism about Nigeria’s inflation trajectory for 2025, asserting that the country could achieve a significant reduction from the average inflation rate of 34.80 per cent in 2024 to 15 per cent. Oyedele said this at the PwC & BusinessDay...
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Nigeria not hyperinflation economy – FRC

24.01.2025
The Financial Reporting Council of Nigeria has said Nigeria is not yet in a hyperinflation economy and warned corporates to adopt International Accounting Standard 29 in preparing their financial records for 2024. FRC in a statement signed by its Executive Secretary/Chief Executive Officer, Dr Rabiu Olowo, on Wednesday, noted that the conditions were not right...
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FG projects N84tn revenue in 2025

24.01.2025
Nigeria is planning to rake in about N84.67tn from the sale of crude oil in 2025. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, disclosed that the 2025 budget’s crude oil production target was 2.062 million barrels per day and the plan is to sell the crude at $75 per barrel....
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Oando wins oil block in Angola

24.01.2025
Oando Plc, Nigeria’s indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange, says its upstream subsidiary, Oando Energy Resources, has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin. A statement by the company’s Secretary, Mrs Ayotola Jagun, said this followed a competitive bidding process organised...
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CBN urges businesses to embrace export

24.01.2025
The Central Bank of Nigeria has advised businesses to embrace exporting activities in a bid to harness value from the weak state of the naira. This call was made by the Deputy Governor, Economic Policy, Central Bank of Nigeria, Muhammad Abdullahi, on Tuesday during his keynote address at the 11th National Economic Outlook: Implications for...
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Debt servicing gulped N3.57tn in Q3 2024 – DMO

24.01.2025
Nigeria’s total debt service costs, including external and domestic obligations, rose in the third quarter of 2024, reflecting the combined impact of increased external debt service payments and currency depreciation. The total debt service cost for Q3 2024 reached an estimated N3.57tn, marking a quarter-on-quarter increase of N60bn or 1.71 per cent from N3.51tn recorded...
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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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