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CAMCAN plans workshop on banking recapitalisation

The annual workshop of the Capital Market Correspondents Association of Nigeria is set to focus on the ongoing banking sector recapitalisation exercise. This was disclosed in a statement made available to The PUNCH on Thursday indicating that the workshop will be held under the theme ‘Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers in...
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Non-oil exports can boost economic prosperity – Dangote

The Dangote Group has hailed Nigeria’s non-oil exportation potential, noted its investments, and called for a focus on the sector for national economic prosperity. In a statement, Dangote highlighted the role of non-oil sectors at the ongoing 2024 Kano International Trade Fair, organised by the Kano Chamber of Commerce, Industry, Mines, and Agriculture. The company...
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Job creation not part of my mandate — Labour minister

The Minister of Labour and Employment, Muhammadu Dingyadi, on Thursday, said Nigerians expecting his ministry to provide jobs would be disappointed because that is not part of its mandate. He stated this at the annual conference of the Federal Capital Territory chapter of the Nigerian Institute of Public Relations in Abuja. While highlighting that his...
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Seaman’s Schnapps empowers Ibadan artisans

Seaman’s Schnapps has partnered with the Nigerian Artisans and Technicians Conference to empower artisans in Ibadan through a three-day programme that equipped them with essential tools to enhance their trades. In a statement, the firm noted that its initiative provided artisans in fields such as tailoring, auto mechanics, and bricklaying with sewing machines, wheelbarrows, head...
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Indomie promotes culture at Abuja carnival

Indomie Noodles has showcased its support for cultural richness and diversity by headlining the 2024 Abuja Carnival held from November 23 to 25. In a statement, Indomie stated the carnival, which returned after an eight-year hiatus, celebrated the country’s vibrant heritage, attracting locals and tourists while serving as a platform for business engagement. Vice President,...
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Dettol, others recognised at marketing awards

Dettol emerged top winner at the third edition of the Nigerian Marketing Awards which recognises brands, agencies, and journalists’ excellence and innovation in marketing. The NMA which was recently held in Lagos and themed ‘Ignite,’ saw Dettol clinch two major awards: Campaign of the Year for its Big Bang Blossom campaign and Fragrance of the...
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Pepsi brings back 60cl bottle

Pepsi Nigeria has unveiled the revamped 60cl Long Throat Bottle, marking its return with a campaign themed “Big Big Tinz” to deliver “Big Refreshment, Big Value.” Pepsi said in a statement it partnered with Afrobeat singer Young Jonn to create a remix of his hit track, Big Big Things, to become the campaign’s official anthem...
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Stop taxes on export grants, MAN urges govt

Nigerian exporters in the manufacturing sector have called on the Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, to intervene in a recent policy by the Federal Inland Revenue Service taxing grants under the Export Expansion Grant scheme. Chairperson of the Manufacturers Association of Nigeria Export Group, Odiri Erewa-Meggison, raised the alarm during an...
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Fidelity CEO acquires additional N157m shares in bank

The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has increased her stake in the bank by acquiring an additional 10 million shares, valued at N157.9m. The shares were purchased in two separate transactions between November 26 and 27, at an average price of N15.79 per share. Onyeali-Ikpe acquired 6 million...
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Lottery industry contributes N200bn to GDP – Abbas

The Nigerian lottery industry added over N200bn to the country’s Gross Domestic Product in 2023, according to the Speaker of the House of Representatives, Tajudeen Abbas. The announcement was made in Abuja during the launch of Mr Lottery: The Story of Lanre Gbajabiamila @ 60, a biography authored by the Director-General of the National Lottery...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...