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CBN expected to hold MPR for most of 2025

14.01.2025
Asset management firm Meristem Securities has projected that the Monetary Policy Committee of the Central Bank of Nigeria may maintain a hold stance for most of this year. This was contained in their 2025 Full Year Outlook, which it released recently. The benchmark rate had been raised by over 800 bps as the apex bank...
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FX crisis, weak naira threatening SMEs’ survival –Economists

14.01.2025
Economic experts have raised the alarm that Nigeria’s forex policies and the weak naira are endangering the survival of Small and Medium Enterprises, posing a severe threat to the nation’s economic stability. According to them, Nigeria’s foreign exchange policies and the fluctuating value of the naira are placing immense pressure on SMEs, particularly those dependent...
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Real estate overtakes oil as third-largest sector – Report

14.01.2025
Preliminary figures from the ongoing GDP and CPI rebasing have revealed that real estate has surpassed oil and gas to become Nigeria’s third-largest sector. Real estate now ranks behind crop production and trade in first and second positions, respectively. Previously, agriculture was Nigeria’s dominant sector, contributing over 20 per cent to the GDP. It comprises...
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FG to spend N32bn on housing intervention in 2025 budget

14.01.2025
The Federal Government has unveiled plans to allocate a substantial N32bn for special housing initiatives in 2025 to address the country’s ongoing housing deficit. This was revealed in the 2025 executive budget. The move is part of broader efforts to mitigate the long-standing housing challenges that have affected millions of Nigerians, particularly those in urban...
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Veritas Kapital Assurance gets multiple recognitions

14.01.2025
Veritas Kapital Assurance Plc received double honours at the 2024 Customer Service Excellence Awards held recently. The firm clinched the highly coveted titles of Insurance Brand of the Year and Best Customer Care Insurance CEO of the Year. The gold and diamond awards were presented on Friday by customer service. The Managing Director/Chief Executive Officer...
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NAICOM collaborates with Malaysia on Takaful insurance

14.01.2025
The National Insurance Commission is in collaboration with Malaysia to boost Takaful insurance operations in Nigeria. This came to light when the Commissioner for Insurance/Chief Executive Officer of the National Insurance Commission, Mr. Olusegun Omosehin, hosted the High Commissioner of the High Commission of Malaysia to Nigeria, Mr. Aiyub Omar, at his office in Abuja...
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Sovereign Trust Insurance bags top award

14.01.2025
Sovereign Trust Insurance Plc has won the ‘Most Outstanding Auto Insurance Company of the Year’ Award in 2024. The recognition came at the 2024 Business Excellence Awards organised by Beta Media. The criteria for the award as given by the Technical/Award committee included efficiency in service delivery, creativity in product development, branch network, the use...
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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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