Business – Page 693 – Rise Africa

United Airlines airlifts 175 million Nigerians in 2024

25.12.2024

United Airlines has airlifted no fewer than 175 million passengers across its routes worldwide in 2024. This was contained in a statement made available by the airline over the weekend. The statement said the figure was a record number for the airline in one year. The statement hinted that the airline has a unique insight...

NCAA sanctions five airlines

25.12.2024

The Nigeria Civil Aviation Authority has initiated enforcement action against five airlines (two international and three domestic operators) for various violations of Part 19 of the NCAA regulations. The Director of Public Affairs and Consumer Protection to the NCAA, Michael Achimugu, disclosed this in a statement released to journalists on Tuesday. These sanctions include nonpayment...

Africa receives 40 new Boeing planes in six months

25.12.2024

Popular aircraft manufacturer Boeing has delivered about 40 brand-new aircraft, including the B737MAX, to African countries in the last six years. Vice President of the company, its Vice President, Commercial Sales for Africa, Anbessie Yitbareks, said this during an interview with newsmen recently. Yitbarek further said that over half of these, about 40 aircraft delivered...

Thousands throng Abuja, Lagos parks for Tinubu’s reduced fares

25.12.2024

Thousands of passengers besieged the designated motor parks in Abuja, Lagos, and other states to benefit from the 50 per cent reduction in transport fares provided by the Federal Government. Recall that the Federal Government through the Ministry of Transportation announced last Thursday that it had agreed with stakeholders in the road transport sector to...

Equity market extends gains with N504bn

25.12.2024

The Nigerian equity market sustained its bullish trend at the end of trading on Tuesday, adding N504bn to its market capitalisation, which now stands at N62tn. The All-Share Index gained 0.82 per cent, to close at 102,186.03. This reflects a one-week gain of 2.13 per cent, a four-week gain of 4.66 per cent, and a...

Lafarge Africa posts N57.3bn nine month profit

25.12.2024

Lafarge Africa Plc has reported a profit after tax of N57.3bn for the nine months ended September 30, 2024, marking a 46 per cent increase from the N39.3bn recorded in the corresponding period of 2023. This growth was attributed to higher revenue, effective cost management, and increased operational efficiency during the review period. In the...

Vitafoam proposes N1.375bn dividend as gross profit hits N30bn

25.12.2024

Vitafoam Nigeria PLC has proposed a dividend of N1.375 billion for approval by shareholders at its 63rd Annual General Meeting, set to take place on March 6, 2025. The proposed dividend of N1.05 per share highlights the company’s commitment to rewarding its shareholders despite facing challenges in the forex market. In a statement released to...

1500/$ benchmark achievable with forex reforms – ABCON

25.12.2024

The President of the Association of Bureau De Change of Nigeria, Aminu Gwadebe, has said that the 1500/$ peg in the 2025 Appropriation Bill was within reach on the back of recent foreign exchange reforms being pushed by the Central Bank of Nigeria. Gwadebe said this on Tuesday in a chat with The PUNCH about...

SEC to implement global fintech regulations

25.12.2024

The Securities and Exchange Commission has announced plans to implement global-ready fintech regulations to ensure Nigeria’s fintech sector aligns with international standards. According to a statement made available to our correspondent on Tuesday, the SEC Director-General, Emomotimi Agama, made these statements during a meeting with participants in the Regulatory Incubation and Accelerated Regulatory Incubation Programme....

NERDC approves first indigenous entrepreneurship teaching tools

25.12.2024

The Nigerian Educational Research and Development Council has approved the first indigenous tools for learning entrepreneurship and skill acquisition in Nigeria at both primary and secondary schools. This followed the push to revamp primary and secondary education in Nigeria and to make it more functional in preparing pupils with relevant skills and knowledge for productivity...

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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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Latest News

United Airlines airlifts 175 million Nigerians in 2024

NCAA sanctions five airlines

Africa receives 40 new Boeing planes in six months

Thousands throng Abuja, Lagos parks for Tinubu’s reduced fares

Equity market extends gains with N504bn

Lafarge Africa posts N57.3bn nine month profit

Vitafoam proposes N1.375bn dividend as gross profit hits N30bn

1500/$ benchmark achievable with forex reforms – ABCON

SEC to implement global fintech regulations

NERDC approves first indigenous entrepreneurship teaching tools

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I apologise for saying no heaven without tithe – Adeboye

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