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Wema Bank appoints new directors

18.11.2024
The board of Wema Bank has appointed a new Deputy Managing Director, Oluwole Ajimisinmi and a new Executive Director, Olukayode Bakare. Ajimisinmi’s appointment followed the retirement of Oluwole Akinleye after 10 years on the board. According to a notice filed with the Nigerian Exchange Limited on Friday, the Ajimisinmi whose appointment takes effect from December...
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Noor Takaful shares N116m surplus to policyholders

18.11.2024
Noor Takaful Insurance Limited has distributed N116.30m as surplus to an eligible group of policyholders who did not make claims on their insurance during the 2022 financial year. The surplus distribution was made during the second edition of the African Takaful and Non-Interest Finance conference in Lagos. A total of 1,211 participants including individuals, financial...
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FAMFA Oil chairman to receive doctoral award

18.11.2024
FAMFA Oil has announced that its Chairman, Modupe Alakija, will be conferred with an Honorary Doctor of Business Administration degree from Ajayi Crowther University, Oyo, in recognition of his outstanding contributions to business law, corporate governance, and economic development in Nigeria. In a statement by the company, it was stated that the conferment ceremony would...
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Energy price hike affecting small businesses negatively – SMEDAN

18.11.2024
The Small and Medium Enterprises Development Agency of Nigeria has said that the rise in energy costs, particularly electricity and petrol, has posed a big challenge to small businesses in Nigeria. SMEDAN added that increased costs directly impact production costs, transportation expenses, and overall operational efficiency. The Director-General of SMEDAN, Charles Odii, disclosed this in...
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FMBN denies involvement in N40m mortgage scheme

18.11.2024
The Federal Mortgage Bank of Nigeria has distanced itself from reports linking it to a N40 million mortgage pre-financing scheme offered by Housing Exchange Africa (HXAfrica). In a formal disclaimer issued on Saturday, FMBN clarified that it has not entered into any formal partnership or approved any arrangement with HXAfrica for the purported mortgage initiative....
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FG woos investors to tackle food insecurity

18.11.2024
The Federal Government is seeking the collaboration of the private sector to help address the country’s agricultural production challenges. The Minister of Agriculture and Food Security, Abubakar Kyari, stated this via a video presentation at the Food and Energy Security in Africa Conference in Lagos, organised by White & Case in collaboration with the African...
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Ensure accurate branding, NAFDAC tells businesses

18.11.2024
The National Agency for Food and Drug Administration and Control has called on businesses to prioritise compliance with health and safety regulations, emphasising the importance of accurate branding and proper handling of regulated products. NAFDAC Director-General, Prof Mojisola Adeyeye, represented by the Director of the Northwest Zone, Nantin Dadi, gave this charge during a panel...
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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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