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Illicit demand biggest FX problem —Oyedele

21.01.2025
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says the biggest pressure on the foreign exchange market is illicit demand. Oyedele made this observation on Saturday at The Platform Economic Outlook for 2025 event organised by The Covenant Nation, where he was one of the speakers. Segments of the foreign...
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Ex-FirstBank boss Onasanya dismisses fraud allegation

21.01.2025
A former Group Managing Director of FirstBank, Dr. Bisi Onasanya, has dismissed claims of his involvement in a commercial loan transaction carried out 12 years ago at the lender. Onasanya refuted the allegation in a statement signed by his communication advisor, Mr. Michael Oshunuyi, on Sunday, wherein he described the claims as baseless and an...
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AfreximBank gets ‘AAA/Stable’ rating from China’s CCXI

21.01.2025
Continental bank, African Export-Import Bank, has been assigned a ‘AAA/Stable’ rating by the China Chengxin International Credit Rating Co., Ltd. In a statement on Monday, it was indicated that Afreximbank is the first African Multilateral Financial Institution to receive an AAA rating from CCXI. In its 2024 Credit Rating Report for African Export-Import Bank, CCXI...
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World Bank bans Nigerian companies. over fraudulent practices

21.01.2025
The apex bank disclosed that its investigation uncovered significant violations of its Anticorruption Framework during a 2018 procurement process. The companies and Mr Didam were found to have misrepresented conflicts of interest in bid submissions and accessed confidential tender information from public officials. Furthermore, Viva Atlantic Limited and its CEO falsified experience records submitted forged...
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Bauchi firm decries exorbitant rent prices

21.01.2025
A real estate company in Bauchi, Arico Homes and Properties Limited, has lamented the exorbitant house rent across the state. Arico Homes and Properties Limited, While expressing its concern on the issue through an open letter addressed to landlords in the state, which was made public on its Facebook handle, the company explained that “As...
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Ecobank partners CrediCorp on flexible customer loans

21.01.2025
Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation to offer affordable and flexible loans to customers to meet a variety of needs, including paying school fees, rent, maintenance costs, medical bills, car purchases, repairs, asset purchases, and more. In a statement on Saturday, the bank said that the programme was available to civil...
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Fidelity Bank appoints three new board members

21.01.2025
Fidelity Bank plc has announced the appointment of three new members to its Board of Directors, following approval from the Central Bank of Nigeria. The appointments, effective January 14, 2025, were disclosed in a regulatory filing on the corporate disclosure portal of NGX Regulation Limited recently. The new appointees include Abdullahi Mohammed as an Independent...
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Arik Air shareholders tackle AMCON over N455bn debt claim

21.01.2025
The shareholders of Arik Air, an indigenous airline currently under the control of the Asset Management Corporation of Nigeria, have debunked claims that the debt accruable to the airline’s owner, Johnson Arumem-Ikhide, has risen to N455bn. The shareholders, through a statement signed by their representative, Godwin Aideloje, described as fallacy the debt record of AMCON...
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Wema Bank to reward 131 customers with N11m

20.01.2025
Wema Bank will reward 131 customers with N11m in cash prizes during its first 5 for 5 Promo Season 4 monthly draw of 2025 in Warri, Delta State. This was revealed in a statement made available to The PUNCH on Sunday. Among the winners, 80 will receive N25,000 each, 40 will take home N100,000 each,...
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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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