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NGX proposes tougher rules for large-volume trades

The Nigerian Exchange Limited has proposed new rules on block divestment and large-volume trades. Market stakeholders were invited to share their feedback on the proposed rules in a notice to trading licence holders signed by the Chief Executive Officer of the NGX Regulation Limited, Olufemi Shobanjo, on Friday. The amendment is to  Trading Licence Holders...
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LAPO advocates financial inclusion for underserved communities

LAPO Microfinance Bank  has advocated financial inclusion for underserved communities In a statement made available to The PUNCH on Sunday, the bank noted that it was actively championing financial inclusion across Nigeria, reinforcing its commitment to empowering underserved communities. It stated, “In recent years, Nigeria has made significant progress in expanding financial services, but millions...
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Foreign inflow on NGX drops to N11bn – Report

Foreign inflow into the Nigerian Exchange Limited declined to the lowest point of the year at N11.26bn in September. This is according to the latest Domestic & Foreign Portfolio Investment Report of the NGX. The report indicated that as foreign inflow weakened, foreign investors increased the amount of their investments that they liquidated between August...
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Benue govt set to enact electricity law

The Benue State Government says it is working on enacting an electricity law to regulate the state energy sector. The Commissioner for Transport, Renewable Energy, and Power, Mr Omale Omale, disclosed this in an interview with the News Agency of Nigeria on Sunday in Makurdi. Omale said that a draft of the bill was at...
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FG to work with states on land registration – Minister

The Minister of Housing and Urban Development, Ahmed Dangiwa, has stated that 90 per cent of Nigeria’s land remains unregistered, as he expressed the readiness of the Federal Government to work with states in addressing this. He disclosed this in his remarks during the meeting with state commissioners responsible for lands and housing matters at...
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Julius Berger delivers long-lasting projects – NIPR

The Nigerian Institute of Public Relations has stated that Julius Berger Construction Company delivers long-lasting engineering projects nationally. In a statement, the institute noted that construction company Julius Berger Nigeria Plc consistently delivers top-quality jobs nationwide. The institute also commended Governor Sheriff Oborevwori of Delta State for the construction of projects across the state. The...
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How to navigate career crossroads

In Nigeria’s changing job landscape, many are torn between the stability of a corporate paycheck and the desire to follow their passions, HENRY FALAIYE writes As Nigeria grapples with economic uncertainty, the dilemma of choosing between passion and paycheck is more relevant than ever. Many professionals find themselves at a juncture where their careers, though...
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Govts can generate revenue from property tax – IMF

The International Monetary Fund has identified property tax as a key revenue source for sustainable growth in Nigeria and low-income countries. This was disclosed in a recent analysis by the IMF. It stated, “Recurrent taxes on immovable property could help local governments capture the wealth generated through construction-intensive urbanisation. Generating such revenue fairly is especially...
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Guild advocates construction laws to tackle building collaps

The Building Collapse Prevention Guild has recommended establishing construction laws to tackle building collapses in the country. A partner with the engineering unit at Consol Associates Ltd, Aderonke Oyelami, made the call during a BCPG Ikoyi-Obalende Cell event in Lagos recently. The presentation, titled “Ikoyi in Transition: From Highbrow Residential Scheme to Mixed Development: Keeping...
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Firm pledges support in bridging housing deficit

Grenadines Homes has pledged its support to bridge the housing deficit gap in the country following the completion and delivery of the Grenadines Resort in Katampe, Abuja. The company further offered investors and home buyers another opportunity at its new location in the Federal Capital Territory, Abuja. In a statement, it was noted that Grenadines...
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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...