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WFE urges regulators to adopt AI

12.11.2024
The World Federation of Exchanges has said that regulators across the globe need not be unsettled by Artificial Intelligence, pointing out that not embracing it might mean greater risks for investors in the long run. WFE, which is the global industry body for exchanges and clearing houses, disclosed this in a paper on the opportunities...
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PZ Nigeria appoints new CFO

12.11.2024
Multinational consumer goods company, PZ Cussons Nigeria, has announced the appointment of Mr. Oludare Elusakin as its new Chief Financial Officer with effect from Monday. A corporate notice filed with the Nigerian Exchange Limited on Monday indicated that Elusakin’s appointment followed the expiration of the contract of the interim CFO, Mr Brian Egan. According to...
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Top3 Solutions begins training for business owners

12.11.2024
Investment advisory firm, Top3 Solutions, in partnership with the Institute of Certified Business Consultants Nigeria & Namibia and Optiss Ventures, has officially launched what it called the National Business Masterclass. The NBM project launched in Lagos recently plans to impact over 650 business owners across Nigeria, providing them with expert guidance and practical tools to...
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Sterling Assurance grows profit by 32%

12.11.2024
Insurance company, Sterling Assurance Nigeria Limited, grew its profit before tax to N794m in the 2023 financial year from N601m in the preceding year, marking a 32 per cent appreciation. This was disclosed by the Chairman of the company, Dr Fatai Lawal, while presenting the 2023 financial report during its 25th Annual General Meeting in...
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Lottery commission seeks partnership for responsible gaming

12.11.2024
The National Lottery Regulatory Commission has called for stronger partnerships to advance responsible gaming practices and support Nigeria’s economic goals. This announcement was made at the NLRC’s 2024 Stakeholders’ Meeting in Lagos, themed “Strengthening Partnerships for Responsible Gaming and National Development.” The meeting brought together industry stakeholders, regulatory bodies, and institutional partners to discuss the...
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Weak purchasing power pushes unsold goods to N1.24tn – MAN

12.11.2024
The Manufacturers Association of Nigeria has stated its unsold manufactured goods have reached a record N1.24tn, as its unsold inventories increased by 357.57 per cent in the first half of 2024. MAN attributed this sharp increase to the declining purchasing power in the country caused by escalating inflation, subsidy removal, and naira devaluation. It disclosed...
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Air Peace gets four airplanes on lease

12.11.2024
Nigeria’s flag carrier, Air Peace, has agreed to dry-lease four Boeing 737-800 aircraft from Slovak carrier AirExplore to meet the high travel demand during the Yuletide period, The PUNCH can authoritatively report. A dry lease in aviation is an agreement where an aircraft is leased without crew, maintenance, or insurance. Dry leasing is a cost-effective...
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FirstBank trains new 365 salespersons

12.11.2024
FirstBank has boosted its sales team with the injection of 365 new salespersons who have completed intensive training at the bank’s training academy. At the Close-Out Party held recently to mark the completion of the FirstBank Sales Academy programme, it was indicated that the training was the first of its kind in the bank’s 131-year...
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Azura unveils solar-powered car park at UNN

12.11.2024
Azura Power West Africa will unveil a 240 kilowatt installation of solar car park at the University of Nigeria Nsuka on Tuesday, the company stated in a statement on Sunday. It said the ceremony will be performed by the Minister of Power, Adebayo Adelabu, as part of an initiative that aligns with Nigeria’s energy transition...
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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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