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Payaza secures N50bn commercial paper approval from FMDQ Exchange

20.12.2024
An African financial services provider, Payaza, has announced that it has obtained approval for a N50bn Commercial Paper issuance from FMDQ Exchange. According to a statement on Thursday, the company said the move underscores the firm’s determination to become Africa’s premier payment gateway, offering secure and innovative financial solutions tailored to the continent’s needs. “The...
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FG approves Shell’s $2.4bn onshore asset sale to Renaissance

20.12.2024
Renaissance Africa Energy Company Limited, a local oil and gas consortium, says it has received ministerial consent to acquire Shell Petroleum Development Company. The company announced the development in a statement on Wednesday. The approval was reportedly given by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri. Efforts to get official confirmation from...
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Diaspora remittances rose by 61% – CBN

20.12.2024
The Central Bank of Nigeria has revealed that diaspora remittances processed through International Money Transfer Operators reached $4.22bn between January and October 2024. This figure nearly doubles the $2.62bn recorded during the same period in 2023. CBN Governor Olayemi Cardoso shared this information while addressing the Senate Committee on Banking, Insurance, and Other Financial Institutions...
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FG exempts cooking gas importers from duty payment

20.12.2024
The Federal Government through the Nigeria Customs Service has said that the importation of Liquefied Petroleum Gas (cooking gas) under HS Codes 2711.12.00.00, 2711.13.00.00, and 2711.19.00.00 are exempted from both import duty and value-added tax. This is even as the service stated that all debit notes issued to petroleum marketers who have imported LPG using...
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Customs promote 1,419 junior officers

20.12.2024
The Nigeria Customs Service, on Wednesday, approved the promotion of 1,419 junior officers to various ranks. This decision was finalised during the 10th Management recently meeting and chaired by the Comptroller-General of Customs, Adewale Adeniyi. The NCS in a statement issued by the National Public Relations Officer, Abdullahi Maiwada, said the comprehensive promotion list includes...
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NNPCL misrepresented facts on $1bn investment – Dangote

20.12.2024
The Dangote Petroleum Refinery has stated that the Nigerian National Petroleum Company Limited provided inaccurate and misleading information regarding its $1bn investment in the refinery’s operations. The $20bn Lekki-based firm stressed that the facts were misrepresented in a manner that misguided stakeholders and the public about the nature and extent of the investment. The company...
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NNPCL loses as TotalEnergies, others win oil blocks

20.12.2024
The Nigerian National Petroleum Company Exploration and Production Limited, a subsidiary of the Nigerian National Petroleum Company Limited, lost out in the just-concluded oil licensing bid round as winners emerged on Wednesday. The winners were formally announced by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, at the licensing round commercial...
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Internet users grew by 1.88 million in October – NCC

19.12.2024
Nigeria’s Internet subscriber base grew by 1.88 million in October 2024, reaching a total of 134.78 million, up from 132.9 million recorded in September. This is according to the latest report by the Nigerian Communications Commission published on Wednesday. The NCC data showed that mobile (GSM) networks accounted for 134.27 million of the total internet...
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Firm advocates innovative payment solutions for young Nigerians

19.12.2024
The Chief Executive Officer of Unified Payment Services Limited, Dr Agada Apochi, has urged industry players to innovate payment solutions that cater to the needs of young people. The disclosure was made in a statement on Wednesday following his keynote presentation at the annual Committee of e-Business Industry Heads conference, which was themed “Payment System...
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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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