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Inflation may drop to 34.5% in December – Report

23.12.2024
 Nigeria’s headline inflation rate may drop by 25 basis points to 34.5 per cent in December 2024. In a report by Afrinvest Research on Saturday, this moderation is attributed to the high base year impact on the food inflation sub-basket and a further recovery in the exchange rate, with the naira expected to strengthen to...
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Over 25 million phones stolen in one year – FG

23.12.2024
The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number...
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Oba Elegushi visits Richmond Pearl Estate

23.12.2024
Ademola Elegushi, Kusenla III of Ikate Kingdom, Lekki, in Lagos State, made a surprise stopover visit recently to the newly completed Richmond Pearl Estate, located in Ikate, Lekki, Lagos State. A statement issued by the Chief Executive Officer of Haven Homes, Tayo Sonuga, said the famed lifestyle developer and promoter of the project announced that...
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Cost management critical in construction sector – NIQS

23.12.2024
The President of the Nigerian Institute of Quantity Surveyors, Kene Nzekwe, has emphasised the pivotal role of cost management in addressing the challenges facing Nigeria’s construction industry. Speaking at the unveiling of the official car of the NIQS President in Abuja on Friday, Nzekwe highlighted the impact of hyperinflation on the sector and outlined the...
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Net forex inflow fell to $14bn in Q3 – CBN

23.12.2024
The net foreign exchange inflow to the Nigerian economy in the third quarter of the year decreased by 2.97 per cent to $14.46bn from $14.89bn in the preceding quarter. This was released by the Central Bank of Nigeria in its third-quarter economic report published on Friday. On a quarter-on-quarter basis, net foreign exchange in the...
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Turnover on FMDQ hits N356tn in 10 months — Report

23.12.2024
In the first ten months of the year, total turnover on the FMDQ Exchange stood at N356.86tn, indicating a 93.01 per cent increment compared to October 2023. This was revealed in the FMDQ Spotlight, the in-house newsletter of the FMDQ Group released recently. These include the turnover on all products traded in the FMDQ secondary...
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Pelican Valley begins short-let service

23.12.2024
A property company, Pellican Valley Nigeria Limited, commenced its short-let service at Ecostay Apartments. In a statement, the company noted that barely 24 hours after it commenced shot-let services for apartments at the Ecostay Apartments, an emerging smart city in the Masa-Kobape corridor of Ogun State, Pelican Valley has recorded a rush of subscriptions by...
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IFRS hails Nigeria’s progress in sustainability reporting

23.12.2024
The International Financial Reporting Standards Foundation has acknowledged the strides made in sustainability reporting in Nigeria. In its latest report, titled ‘Progress on Corporate Climate-related Disclosures – 2024 Report,’ the IFRS Foundation highlighted the Financial Reporting Council of Nigeria for its significant contributions to sustainability reporting in the country. Commenting on the report on Friday...
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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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