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LFZ eyes Canada partnership to attract investments

23.01.2025
The Lagos Free Zone has called for increased collaboration with the Deputy High Commission of Canada to attract foreign direct investment. According to a statement, the Chief Executive Officer of Lagos Free Zone, Adesuwa Ladoja, made this known in Lagos during a recent visit by a delegation from the Canadian Deputy High Commission, led by...
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Credo plans AI summit in Lagos

23.01.2025
Credo by eTranzact, in collaboration with the Enterprise Development Centre of Pan-Atlantic University and the Global AI Council of Nigeria, will hold the fourth edition of the AI Readiness Roundtable. The event tagged the “AI SME Summit,” is scheduled to take place in Lagos this month, the company said in a statement. The initiative, launched...
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MBN partners Qoray on electric vehicle production

23.01.2025
In a significant move to bolster local innovation and content, Made By Nigerians has announced its sponsorship of Qoray, a pioneering Nigerian company in sustainable mobility. As part of the partnership, Qoray will attempt to set a world record for the longest drive with an electric-powered vehicle brand-named as Electric Teak, a bold initiative that...
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FG to begin 1% freight fee collection

23.01.2025
The Federal Government, through the Nigerian Shippers’ Council, has announced that it will soon start the collection of a one per cent freight fee at the ports. The Executive Secretary and Chief Executive Officer of the NSC, Dr Pius Akutah, stated this on Wednesday in Ibadan during a five-day strategic management retreat. The retreat was...
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Equity market reverses gain with N185bn loss – Punch Newspapers

23.01.2025
Transactions on the Nigerian Stock Exchange closed on a negative note on Wednesday, as the market reversed previous gains, recording a decline of 0.29 per cent. The All-Share Index shed 301.64 points, closing at 102,836.13 points, down from the previous close of 103,137.99 points. The market capitalisation closed at N63.147tn, reflecting a loss of N185bn...
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SEC reports N3tn rise in investment schemes

23.01.2025
The Securities and Exchange Commission has reported an increase in collective investment schemes, which have now surpassed N3tn in 2024. The Director-General of the SEC, Emomotimi Agama, revealed this during an interaction with journalists in Abuja on Wednesday. He explained that CIS offer an alternative investment route for Nigerians by allowing them to pool resources...
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2024, significant turning point for NIWA – MD

23.01.2025
The Managing Director of the National Inland Waterways Authority, Mr. Nola Oyebamiji, has stated that the year 2024 was a significant turning point for NIWA. He added that despite some challenges faced, the agency demonstrated resilience, innovation, and unwavering commitment to its vision and mission. Oyebamiji disclosed this in his New Year message to the...
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Operators protest N38bn marine ministry budget

23.01.2025
According to findings by The PUNCH, the allocation of N38.3bn to the Ministry of Marine and Blue Economy capital expenditure in the 2025 Appropriation Bill has been greeted by heated controversy. This allocation has sparked concern among stakeholders over the government’s commitment to leveraging Nigeria’s vast marine resources and the economic potential of the blue...
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Empower freight forwarders, stakeholders tell CRFFN

23.01.2025
Maritime stakeholders have urged the management of the Council for the Regulation of Freight Forwarding in Nigeria to adopt a comprehensive and practical approach to equip freight forwarders with modern skills to remain competitive on a global scale. The stakeholders noted that the training is essential for ensuring effective regulation, industry growth, and improved operational...
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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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