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NIPC seeks partnerships to attract, retain investments

17.12.2024
The Nigerian Investment Promotion Commission has reaffirmed its commitment to boosting Nigeria’s economic growth by retaining existing investments and attracting new ones through strategic partnerships. It also announced plans to embark on the promotion of fintech, agri-tech, and renewable energy as part of measures to position Nigeria as a hub for innovation and technology investments....
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UBA donates N500m to Lagos security trust fund

17.12.2024
The United Bank for Africa has donated the sum of N500m to the Lagos State Security Trust Fund to enhance the provision of a secure environment for individuals and businesses in the state. According Monday’s release from the bank, the donation was made through the UBA Foundation, its corporate social responsibility arm. The N500m cheque...
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Transcorp Hotels appoints Oshogwe CEO

17.12.2024
Transcorp Hotels Plc has announced the appointment of Uzo Oshogwe as its new Managing Director/Chief Executive Officer, effective January 1, 2025. In a notice filed at the Nigeria Exchange Limited on Monday, Oshogwe, who currently serves as the MD/CEO of Afriland Properties Ltd, an investment and development company, brings more than 30 years of professional...
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Equity market gains N704bn

17.12.2024
The Nigerian equity market gained N704bn in six days, pushing the market capitalisation above N60tn. At Monday’s close, investors gained N330bn, and market capitalisation hit N60.6tn, with 740.89 million shares worth N16.88bn traded in 10,430 deals. This represented a 39 per cent increase in trading volume, a 127 per cent surge in turnover, and a...
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FG secures $600m foreign agriculture loans

17.12.2024
The Federal Government, through the Ministry of Agriculture and Food Security, has secured over $600m in foreign agricultural loans in 2024 to boost food security and rural development. According to information from the ministry’s website, the government obtained a $134m loan facility from the African Development Bank to enhance seed and grain production nationwide. “The...
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SCOA defends Boulos on Trump’s appointment

17.12.2024
SCOA Nigeria Plc has rejected recent media reports criticising the appointment of its Managing Director/Chief Executive Officer, Mr. Massad Boulos, as Senior Adviser on Arab and Middle East Affairs to the United States President-elect Donald Trump, describing them as “baseless and misguided.” The firm called the attacks a smear campaign driven by individuals who were...
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Stocks fall, dollar rises on China worries

17.12.2024
Major stock markets and oil prices retreated Monday after an unexpected slowdown in retail sales reinforced worries about China’s struggling economy. The dollar mostly rose as traders looked ahead to interest-rate decisions this week from the US Federal Reserve, Bank of Japan and Bank of England. Bitcoin hit a new record high at $106,493.43. “China...
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Dangote refinery extends export to three African countries

17.12.2024
The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki...
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Optiva CEO bags US award

17.12.2024
The Chief Executive Officer of Optiva Capital Partners, Dr. Jane Kimemia, has been conferred with the U.S. President’s Lifetime Achievement Award for her humanitarian contributions and commitment to community development. The honour was bestowed on her at the Global Reputation Forum held at the Financial Times Headquarters in London recently. The US President’s Lifetime Achievement...
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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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