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‘Inclusive pension scheme vital for informal workforce’

The Director-General of the Nigeria Employers’ Consultative Association, Mr. Adewale Oyerinde, has said that an inclusive pension scheme is vital for broader retirement security in Nigeria’s informal sector, which constitutes a significant portion of the nation’s workforce. Oyerinde noted that Nigeria’s pension system is undergoing significant reforms to extend coverage to informal sector workers. The...
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How demolition, inflation endangered real estate sector in 2024

In 2024, the growth of Nigeria’s real estate sector faced significant challenges due to widespread demolition exercises and escalating inflation, with the latter not only eroding purchasing power but also leading to a spike in the prices of building materials. JOSEPHINE OGUNDEJI writes Demolitions, often carried out to enforce urban planning laws or reclaim government...
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NLC tasks govt on housing, infrastructure

The Lagos State chairman of the Nigeria Labour Congress, Sessi Funmi has urged the state governments to prioritise affordable housing and improved infrastructure for workers residing in Lagos. Speaking with The PUNCH, Sessi highlighted the unique challenges faced by Lagos workers due to high accommodation costs, inadequate housing, and limited infrastructural support in neighbouring Ogun...
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Technology crucial for financial security – Expert

Financial expert Oluwatoyin Ayodele has emphasised that technology is crucial for Nigeria’s financial security as the country’s financial landscape continues its digital transformation; restoring consumer trust is emerging as a key priority for growth. Ayodele, in her research titled “Enhancing Consumer Trust in Financial Services: The Role of Technological Security Innovations,” emphasised that trust must...
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Stock market closes negative as investors lose N152bn

Transactions on the floor of the Nigerian Stock Exchange on Tuesday closed on a negative note, with investors losing N152bn. The All Share Index declined by 0.24 per cent, settling at 103,398.82 points from the previous close of 103,649.24. This brought the year-to-date and month-to-date gains to 0.46 per cent, while the week-to-date recorded a...
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Organisers credit Sanwo-Olu with Lagos shopping festival success

Organisers of the inaugural edition of Lagos Shopping Festival have credited Governor Babajide Sanwo-Olu with the success of the 72-hour, non-stop, three-day event held recently at the Mobolaji Johnson Arena, Onikan Stadium, Lagos. In a statement, the Managing Director and Chief Strategist of Chain Reactions Africa Ltd, Israel Opayemi, one of Africa’s Public Relations Consulting...
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573,000 applicants jostle for Customs recruitment – Punch Newspapers

The Nigeria Customs Service said it received 573,519 applications in the just concluded 2024/2025 recruitment exercise carried out online via its recruitment portal. The PUNCH reported that the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, revealed that the Federal Government had approved the recruitment of 3,927 Customs officers. Edun stated...
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SEC revamps investigative processes, targets insider trading

The Securities and Exchange Commission has reiterated its commitment to protecting investors and strengthening the Nigerian capital market. In a New Year message, SEC Director-General Emomotimi Agama announced plans to revamp the Commission’s investigative processes to enhance efficiency and hold market offenders accountable. Agama emphasised that insider trading undermines market integrity, stating that the SEC...
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Intrigues on replacement as Kyari clocks 60 – Punch Newspapers

As the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari celebrates his 60th birthday today (Wednesday), the concern surrounding the expiration and possible elongation of his tenure has sparked attention, with legal professionals demanding adherence to the rule of law. This was as sources claimed on Tuesday that the GCEO,...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...