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CBN extends BDCs recapitalisation by six months – ABCON

27.11.2024
The Association of Bureaux De Change of Nigeria has revealed that the Central Bank of Nigeria has extended the deadline for BDC operators to recapitalise by six months. The ABCON President, Aminu Gwadebe, revealed this during a virtual general meeting with members on Monday. With this extension, the new deadline for the recapitalisation would be...
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Nigerian celebs visit India to explore CNG potential

27.11.2024
As conversations around Compressed Natural Gas take centre stage in Nigeria, four leading influencers and cultural icons – Innocent Idibia, popularly known as 2Baba; online influencer, Waris Akinwande, Ola of Lagos; northern musician, Dauda Kahutu, Rarara; and comedian, Bright Okpocha, Basketmouth — are embarking on a fact-finding trip to India. The trip is being organised...
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FG plans international cargo tracking to boost revenue

27.11.2024
The Federal Government through the Nigerian Shippers Council said it has concluded plans to implement the International Cargo Tracking Note to enhance Nigeria’s security and boost revenue generation. The Executive Secretary of the council, Mr Pius Akutah, disclosed this at a recent event in Lagos. Represented by the Director of Special Duties at the NSC,...
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Why investors should diversify investments

27.11.2024
When the word diversification first comes to mind, one will tell him/herself that it is the process of starting to include various types of businesses into an already existing business. But diversification means different things to different people. The American industrialist Andrew Carnegie once said, “Keep all your eggs in one basket, but watch that...
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Nigeria’s oil production above OPEC quota – NNPC

26.11.2024
The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Authority say the country’s crude oil production has risen beyond the 1.5 million barrels per day quota allocated to it by the Organisation of the Petroleum Exporting Countries. The Chief Corporate Communications Officer of the NNPC, Olufemi Soneye, disclosed this in a statement...
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Oil, banking raise economic growth to 4.6% – NBS

26.11.2024
Nigeria’s economy expanded by 3.46 per cent year-on-year in the third quarter of 2024, largely driven by a strong performance in the services sector, the National Bureau of Statistics revealed in its latest GDP report on Monday. This marks a notable increase from the 2.54 per cent growth recorded in Q3 2023 and a slight...
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Ex-worker files N108bn suit against oil firm after sack

26.11.2024
One Dr Ayodeji Sasegbon has instituted a N108bn suit against TotalEnergies E & P Nigeria Limited and its parent company, TotalEnergies SE for what he called the “wrongful termination” of his appointment as a Process Engineer – Smart Room. In suit number, NICN/LA/155/2023, Sasegbon is asking the National Industrial Court sitting in Lagos to award...
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NDDC boosts food security with Edo harvest

26.11.2024
The Niger Delta Development Commission says it has achieved a significant milestone in its Rice and Cassava Farmers Empowerment Programme with the first harvest in Warrake, Owan East Local Government Area of Edo State. Speaking at the event on the rice farm, NDDC Managing Director, Dr Samuel Ogbuku, represented by the Director of Agriculture and...
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Banks, others raised N2.7tn from capital market – SEC

26.11.2024
The Securities and Exchange Commission on Monday revealed that banks and other companies raised a total sum of N2.7tn from the capital market in the first 11 months of 2024. It said the substantial sum was generated through various investments, securities, and financial instruments in an effort to expand business operations, support economic growth, and...
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Maritime contribution to GDP insignificant – CPPE

26.11.2024
The Nigerian maritime sector does not contribute significantly to the nation’s Gross Domestic Product, the Chief Executive Chief Officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, has said. He, however, told our correspondent that the maritime sector was critical to Nigeria’s economy, and expressed hope to see when the sector...
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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
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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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