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MDAs remitted N1.96tn through IPPIS in 2024 – Report – Punch Newspapers

02.01.2025
The Federal Government’s ministries, departments and agencies remitted a total of N1.96tn through the Integrated Personnel and Payroll Information System in 2024. This is according to data sourced on Wednesday and analysed by The PUNCH from GovSpend, a website for government expenditures powered by BudgIT, an accountability firm in Nigeria. These MDAs include federal universities,...
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Nigerian Breweries lists 20.7bn new shares – Punch Newspapers

02.01.2025
Nigerian Breweries Plc has announced the listing of 20.7bn ordinary shares of 50 kobo each on the Daily Official List of the Nigerian Exchange Limited. In a statement filed by the company secretary, Uaboi Agbebaku, on Tuesday, the shares, which arose from the company’s rights issue of 22.6bn ordinary shares at N26.50 per share, were...
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Ministry inaugurates N250bn real estate investment fund – Punch Newspapers

02.01.2025
The Federal Government through its finance ministry, has inaugurated the N250bn Ministry of Finance Incorporated Real Estate Investment Fund aimed at bridging Nigeria’s housing finance gap, fostering affordable housing, and stimulating economic growth. According to a press statement on Tuesday by the Director of Information and Public Relations at the Ministry of Finance, Mohammed Manga,...
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FG urged to review interest rate, support local manufacturers

02.01.2025
The Chief Executive Officer of UBACLE Group, Uba Michael, has urged the Federal Government to support local manufacturers by revisiting the country’s high interest rates. Michael made the appeal in his New Year message on Wednesday, emphasising the importance of creating a favourable business environment to foster economic growth. His remarks come in the wake...
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Protect power infrastructure, minister begs Nigerians

02.01.2025
Nigerians have been urged to show patriotism in their actions, attitudes, and dispositions, particularly towards the nation’s critical power infrastructure. The Minister of Power, Adebayo Adelabu, made the call in his New Year message to Nigerians on Wednesday. In a statement signed by his Special Adviser on Strategic Communications and Media Relations, Bolaji Tunji, in...
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FX pressure will reduce as Warri refinery resumes – Senator

02.01.2025
The lawmaker representing Delta Central Senatorial District in the National Assembly, Ede Dafinone, has applauded President Bola Tinubu for the resuscitation and commencement of operations by the Warri Refinery and Petrochemical Company. Dafinone, in a New Year message made available to journalists in Warri, Delta State, on Wednesday, noted that “this monumental achievement will significantly...
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NGX All-Share Index soars by 283.45% since 2020

02.01.2025
The Nigerian Exchange Limited has recorded growth in the 2020s, breaking away from the challenges of the 2015–2019 period. The NGX All-Share Index has surged by 283.45 per cent since 2020, rising from 26,842.07 points at the end of 2019 to 102,926.40 points as of December 2024. In 2024 alone, the ASI posted an annual...
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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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