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NSIA has developed 500,000 affordable homes, says MD

22.11.2024
The Managing Director of Nigeria Sovereign Investment Authority, Aminu Umar-Sadiq, has said that the agency, through its stake in Family Homes Fund, has developed 500,000 affordable homes for low-income families in Nigeria. He added that the NSIA had in 12 years created 245,000 direct jobs across the diverse sectors of the economy as part of...
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FG, states, LGAs share N1.41tn October revenue – FAAC

21.11.2024
The Federal Government, states, and Local Government Areas shared N1.41tn in revenue for October 2024, an 8.7 per cent increase compared to the N1.298tn distributed for September. This was disclosed in a press statement on Wednesday by the Director of Press and Public Relations, Office of the Accountant-General of the Federation, Mr Bawa Mokwa, following...
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NADF advocates inclusive financing to attain food security

21.11.2024
The National Agricultural Development Fund has called for inclusive financial solutions that address the specific needs of marginalised groups to boost food security in Nigeria. This appeal was made during a two-day Stakeholder Engagement Workshop on “Inclusive Stakeholder Engagement for Gender-sensitive and Climate-smart Financial Products,” which took place in Abuja on Wednesday. In his opening...
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Discos list conditions for N500bn NASS recapitalisation plan

21.11.2024
Electricity distribution companies have listed the conditions for accepting the National Assembly’s N500bn recapitalisation plan for each of the 11 Discos nationwide. This is as the distribution companies also said they were not under the control of the House of Representatives but the Nigerian Electricity Regulatory Commission. The PUNCH reports that the House of Representatives...
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LBS unveils business magazine

21.11.2024
The Lagos Business School has launched Insights Edge Magazine to offer business solutions and insights aimed at helping businesses navigate the challenges and support in making informed decisions during turbulent times. The business magazine was unveiled at the LBS Alumni Day recently in Lagos. The Dean of Lagos Business School, Prof Chris Ogbechie, asked, “How...
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Beware of substandard sugar in markets, FCCPC warns

21.11.2024
The Federal Competition and Consumer Protection Commission has alerted the public to the circulation of substandard and unregistered sugar products in Nigerian markets. It stated that the low-quality sugar, primarily smuggled from Brazil, poses significant health risks to consumers and undermines the integrity of the country’s local sugar industry. In a statement issued on Wednesday,...
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CBN backs CeBIH’s annual conference

21.11.2024
The Committee of e-Business Industry Heads has announced plans for its 2024 annual conference, themed “Payment System Vision 2030: Navigating Contemporary Issues in Driving Future Growth.” The event, scheduled to be held on December 4, 2024, at the Eko Convention Centre, Lagos, has garnered support from the Central Bank of Nigeria and industry stakeholders. This...
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Bank chiefs lobby Presidency over N1tn forex gain

21.11.2024
The executives of seven Deposit Money Banks are currently lobbying President Bola Tinubu over the 70 per cent mandatory windfall tax payment on profits generated by the banks from foreign exchange transactions, The PUNCH reports The bank chiefs, who are also discussing with government officials, are advocating a review or reduction in the windfall tax...
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NAICOM unveils plans to support $1tn economy

21.11.2024
The National Insurance Commission has highlighted the five key priorities it has set to drive its contributions to achieve the $1tn economy target of President Bola Tinubu. The Commissioner for Insurance, Olusegun Omosehin, revealed this agenda at the 2024 Insurance Directors’ Conference held in Lagos on Wednesday. In October 2023, Tinubu at the 29th Nigeria...
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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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