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PETROAN denies seeking ‘free money’ from FG

11.01.2025
The Petroleum Product Retail Outlet Owners Association of Nigeria has clarified that the N100bn grant it requested from President Bola Tinubu is a loan and not free money. The PUNCH recalls PETROAN recently asking Tinubu for a N100bn grant to help its members cope with the effects of the fuel subsidy removal. The retailers said...
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Tinubu under pressure to dump food import waiver

11.01.2025
The administration of President Bola Tinubu is currently under pressure to dump the food import waiver that it announced in July 2024. Multiple sources at the Presidency said the pressure has been coming from the private sector who claimed that opening up the country to food import would undermine their investments and worsen the unemployment...
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CBN stops extension of export proceeds repatriation

11.01.2025
The Central Bank of Nigeria has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately. This directive, issued via a circular dated January 8, 2025, applies to both oil and non-oil export transactions. The apex bank explained that the move aims to enforce compliance with existing foreign exchange regulations....
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Meta to test eBay listings on Facebook marketplace

11.01.2025
Meta announced on Wednesday that it would launch a new test in Germany, France, and the United States, enabling buyers to browse listings from eBay on Facebook Marketplace and complete their transactions directly on eBay. This move is part of Meta’s ongoing efforts to expand its Marketplace platform. This comes after the European Commission fined...
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Marketers to balance sales strategy for growth – EXMAN

11.01.2025
The Experiential Marketers Association of Nigeria has predicted marketing communications strategies in 2025 will pursue a strategy balancing compassion and profit-seeking. In a telephone interview, EXMAN President, Tolulope Medebem told The PUNCH that marketers have to balance not being too pushy with their campaigns but also remain careful not to make losses. She stated, “One...
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IMAN decries alleged importers harassment

10.01.2025
The Importers Association of Nigeria has decried unauthorised operations involving illegal arrests, harassment, extortion, and intimidation of importers across the country. IMAN, in a statement by its National President, Kingsley Chikezie, noted that it issued the ban to protect importers from “unscrupulous individuals in the guise of operating with IMAN permission.” According to Chikezie, “All...
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MABA partners firm to boost African exports

10.01.2025
Made in Africa Brand Ambassador has partnered with Denca Global Courier Services Ltd. (DGC Express) to promote African products on the global stage. In a statement, the body noted that the collaboration was aimed at creating a thriving export ecosystem that will empower African businesses and drive economic growth across the continent. According to the...
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Mouka, Lagos State celebrate New Year babies

10.01.2025
Mouka has marked 2025 by celebrating the first babies born in Nigeria for the year as part of its annual brand tradition. Mouka, in a statement, noted that the initiative, spanning 13 states, showcased its commitment to improving lives through thoughtful community engagements. The company, in partnership with public hospitals in states such as Lagos,...
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Groups reveal 100 business influences to watch in 2025

10.01.2025
Rank Bank, in partnership with Top100ng, has unveiled a list of 100 Nigerian business owners and professionals to watch in 2025. The list was unveiled at the recently held inaugural Top 100 Event, spotlighting transformative figures shaping industries like business, technology, media, and real estate. The initiative seeks to celebrate excellence, foster collaboration, and inspire...
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Platform unveils engagement reward system

10.01.2025
Social media platform Klouto has unveiled plans to reward users for their meaningful contributions and interactions online. Klouto, founded by Chukwuemeka Osuofia, is set to launch on January 10, 2025. In a statement, the company explained that Klouto departs from the traditional ad-driven social media model by rewarding users for their daily online engagement. “Klouto...
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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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