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NCC to name defaulting banks this week

15.01.2025
The Nigerian Communications Commission will this week publicly release the names of 18 banks that have failed to settle their outstanding debts for using Mobile Network Operators’ Unstructured Supplementary Service Data platforms. These banks collectively owe a total of N200bn, and the telecom regulator is preparing to take action, including suspending USSD services for the...
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FCCPC, NCC partner to strengthen consumer protection

15.01.2025
The Federal Competition and Consumer Protection Commission and the Nigerian Communications Commission have signed a Memorandum of Understanding to foster greater regulatory collaboration aimed at strengthening consumer protection and promoting fair competition within Nigeria’s telecommunications sector. The MoU was signed on Tuesday at the FCCPC headquarters in Abuja. The signing ceremony was attended by top...
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Equity market sustains bearish trend with N1.064tn loss

15.01.2025
The Nigerian Stock Exchange witnessed a bearish performance at the close of trading on Tuesday, with the market capitalisation declining by N1.06tn, marking a drop in value. The All-Share Index lost 1,745.16 points, or 1.66 per cent, closing at 103,622.09. Despite the losses, the market has shown a 0.68 per cent increase year-to-date. A total...
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NECA urges swift passage of labour law

15.01.2025
The Nigeria Employers’ Consultative Association has called for urgent reforms to Nigeria’s labour laws to address the contentious issue of casualisation,  emphasising the need to safeguard workers’ rights while maintaining a fair environment for employers. Casualisation, the practice of engaging workers on temporary or informal contracts without the benefits and protections of full employment, has...
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Airlines overpay insurance premiums over perceived risks –Keyamo

15.01.2025
The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that Nigerian airlines are burdened with higher insurance premiums compared to their foreign counterparts, paying an additional 10-20 per cent due to perceived risks within the country’s aviation sector. Speaking at the dry leasing conference in Dublin, Keyamo underscored the issue, explaining that these...
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Customs exceed revenue target, rake in N6.1tn

15.01.2025
The Nigeria Customs Service has announced that it collected a total sum of N6.105tn as revenue for the year 2024. It said the amount represents an increase of 90.4 per cent from N3.2tn recorded in 2023, highlighting a notable growth in the service’s revenue generation efforts over the past year. The Comptroller-General of Customs, Adewale...
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CBN fines nine banks N1.35bn for ATM cash scarcity

15.01.2025
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season. Each of the banks was fined N150m following spot checks that revealed non-compliance with the apex bank’s cash distribution guidelines. The affected banks include Fidelity Bank...
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CITN trains Gambians in oil tax auditing

15.01.2025
The President and Chairman of the Council of the Chartered Institute of Taxation of Nigeria, Mr Samuel Agbeluyi, has emphasised the institute’s commitment to advancing tax administration and fostering regional development as the Gambia Revenue Authority participates in CITN training programmes for the fourth time. The Gambia Revenue Authority Personnel international training on tax audit...
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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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