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Nigerian Bank Recapitalization: CBN Tightens Controls

12.12.2025
Deposit Money Banks are shoring up their capital base as the Central Bank of Nigeria intensifies oversight, reinforcing governance, transparency, and risk management to ensure a resilient, stable financial system, OLUWAKEMI ABIMBOLA writes Nigeria’s banking system remains stable and resilient, a key pillar of the country’s financial stability. Yet the Central Bank Governor, Olayemi Cardoso,...
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Peak Milk highlights innovative growth strategies in Nigeria

12.12.2025
FrieslandCampina WAMCO Nigeria PLC, manufacturers of Peak Milk, have announced plans to showcase innovative growth strategies in Nigeria’s dairy sector through its Peak Breakfast Café Nationwide Tour, which is expected to run through December 2025. In a statement to The PUNCH, the company said the experiential platform, which started in October 2025, is reaching communities...
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Chaos at Gombe Airport After Rano Air Flight Cancellation

12.12.2025
There was palpable tension on Wednesday evening at the Brigadier Zakari Maimalari Airport in Gombe following the abrupt cancellation of a scheduled Rano Air flight, leaving scores of passengers — including corps members, business owners, and other travellers — stranded without clear guidance or immediate refunds. Eyewitnesses disclosed that what began as a routine delay...
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Nigeria’s Oil Output Rises by 35,000 BPD in November

12.12.2025
Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries members in November 2025, pumping 1.436 million barrels per day, up from 1.401 mbpd in October, according to the December 2025 OPEC Monthly Oil Market Report. The figures, drawn from direct communication between member countries and the organisation, show...
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Seamfix & PAPSS partner to enhance cross-border payments

12.12.2025
Seamfix has announced a new partnership with the Pan-African Payment and Settlement System, operated by Afreximbank, to deploy a compliance and governance platform aimed at strengthening real-time cross-border payments across Africa. The partnership, disclosed on Wednesday in a statement signed by the Group Chief Executive Officer of Seamfix, Chimezie Emewulu, introduces PGATE, a compliance and...
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Cornerstone Insurance wins two technology awards in Lagos

12.12.2025
Cornerstone Insurance Plc has won two awards at the just-concluded Nigeria Technology Award held in Lagos. In a statement on Wednesday, Cornerstone Insurance was named the Most Innovative Digital Insurance Company of the Year and Excellence in Technology Deployment – Insurance Service Company of the Year, solidifying its position as a pioneer in digital transformation...
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Myltura Unveils Medical Funding Loan Solution in Nigeria

12.12.2025
Nigeria’s healthcare sector received a significant boost with the launch of Mediloan, a new health-financing platform developed by Myltura to help Nigerians access medical care without the burden of upfront payment. The solution was unveiled by Myltura Founder and CEO Shina Arogundade, who aims to address the long-standing challenge of out-of-pocket spending, which currently accounts...
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Union Bank Wins Best Workplace Practice Award at SERAS

12.12.2025
Union Bank of Nigeria has been named Best Company in Workplace Practice at the Sustainability, Enterprise and Responsibility Awards. In a statement from the lender on Thursday, the award was presented to the bank at the ceremony which took place in Lagos. This recognition followed a comprehensive assessment by SERAS multinational independent judges who rigorously...
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ECOWAS to abolish air ticket taxes by January 2026

12.12.2025
The Economic Community of West African States Commission has announced that all air ticket taxes in the region will be abolished by January 1, 2026, as part of an initiative to make air travel more affordable and enhance regional integration. The decision is aimed at reducing the high costs of flights in West Africa, which...
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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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