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Oyetola distributes 3,500 life jackets in Bayelsa

04.05.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has led the official distribution of 3,500 life jackets to water transport users in Yenagoa, Bayelsa State. A statement issued by his ministry on Friday noted that this initiative is a major step in the Federal Government’s efforts to reduce boat mishaps and promote safer water...
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Tinubu’s ministers shun TikTok, LinkedIn despite having 17m social media followers — Report

04.05.2025
Despite amassing a combined social media following of over 17 million Nigerians, most of President Bola Tinubu’s cabinet ministers are ignoring key platforms like TikTok and LinkedIn, a new report has revealed. The Nigerian Cabinet Social Media Report 2025, published by UK-based digital strategy firm Column, highlighted a significant digital disconnect between the government and...
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AfDB launches $650m yearly economic support for Nigeria

04.05.2025
The African Development Bank Group has approved a new five-year Country Strategy Paper for Nigeria, committing about $650m annually between 2025 and 2030 to drive economic transformation, build resilience, and foster broad-based prosperity. The Bank disclosed this in a statement published on its website on Thursday, saying that $2.95bn would be provided over the first...
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NESG, Foundation partner on socioeconomic devt in Borno

04.05.2025
In a bold move to catalyse the transformation of Borno State and Northern Nigeria, the Nigerian Economic Summit Group and the Borno Development Foundation have entered a strategic partnership aimed at driving socioeconomic development in the region. According to a statement, the landmark agreement, formalised through the signing of a Memorandum of Understanding in Abuja,...
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CBN licenses firm to boost MSME financing

04.05.2025
The Central Bank of Nigeria has officially granted a finance company licence to Preferred Finance Company Limited, with the mandate to provide structured financing solutions, particularly to micro, small, and medium-scale enterprises across the country. The milestone was celebrated during the company’s grand opening ceremony held in Abuja on Tuesday, where the management and board...
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Nigeria to fully repay IMF loan by 2029

04.05.2025
Nigeria is on track to fully repay its International Monetary Fund Rapid Financing Instrument loan by 2029, according to findings by The PUNCH. The latest repayment schedule published by the Fund on its website showed that the country had secured approval for an emergency financial support of 2,454.50 million Special Drawing Rights, which translates to...
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Trump’s 14% tariff not affecting urea export – Dangote

04.05.2025
President of the Dangote Group, Aliko Dangote, said on Thursday he was “comfortable” with the effect of United States President Donald Trump’s tariffs on his company’s urea exports. He expressed confidence because rival exporter Algeria had been hit with even higher duties, potentially giving his products a competitive edge in the American market. The business...
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Tax reform bill will reshape economy – CITN

03.05.2025
The President of the Chartered Institute of Taxation of Nigeria, Mr Samuel Agbeluyi, has said that the recently drafted tax reform bill, now awaiting final assent from the National Assembly, has the power to transform Nigeria’s economic trajectory and reduce the nation’s over-reliance on volatile oil revenues. Agbeluyi said this at the Pre-Conference Presidential Chat...
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Fidelity Bank’s gross earnings hit N315bn

03.05.2025
Fidelity Bank Plc has recorded gross earnings of N315.4bn for the first quarter ended 31 March 2025, representing a 64.2 per cent increase from the N192.1bn reported in the corresponding period in 2024. According to the bank’s unaudited financial statements filed with the Nigerian Exchange Limited, the impressive performance was driven by significant growth in...
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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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