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Fuel price, flooding may drive inflation higher – Analysts

12.11.2024
Ahead of Nigeria’s October inflation data by the Nigerian Bureau of Statistics, it has been projected that inflation will remain high, driven by elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities. Researchers at Cowry Assets Management Limited said the inflationary pressure would remain high despite rate hikes by the Monetary Policy Committee...
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RoutePay expands access for under-banked businesses

12.11.2024
Fintech firm, RoutePay, says it has expanded access for under-banked individuals and Small and Medium Enterprises to the formal banking system through its digital platforms. In a statement on Sunday, the fintech firm said its digital services provide an array of products that target different market segments, demography, inclinations, and leanings. Routelink Group Managing Director,...
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Blackout in Calabar as windstorm destroys electric poles

12.11.2024
Some communities in Calabar, the Cross River capital, are currently in darkness following the destruction of many electricity poles by a windstorm. In a statement on Sunday, the Port Harcourt Electricity Distribution Company informed its customers in Calabar that the outage being experienced was due to the havoc caused by the windstorm. “We wish to...
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Petrol landing cost drops to N971/litre – Report

12.11.2024
The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores has seen a considerable reduction of 20.34 per cent, dropping to N971.57 per litre over the past three months. This decline in landing cost, which reflects the price of importing and distributing the product, indicates some relief in terms of...
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Property owners to sue FG over N18bn compensation

12.11.2024
The Coalition for Land Rights Advocacy in Nigeria is set to sue the Federal Government over alleged unfair payment in compensation. In an exclusive interview with the Coalition Head, Sola Enitan, he said if the Minister of Works, David Umahi, does not yield to the demands of the group, the coalition would head to court....
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IPMAN, Dangote reach agreement on direct petrol supply

12.11.2024
The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association. He said the partnership would ensure a steady, affordable supply...
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Regulatory lapses worsen building collapse cases amid deaths

12.11.2024
The regulatory failure and lack of enforcement in construction standards have resulted in a harvest of deaths, as frequent building collapse cases claim hundreds of lives, JOSEPHINE OGUNDEJI writes Omotolani Atolagbe’s voice quivered with distress as she settled into the chair reserved for her at the other end of the table, despite the physical distance...
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LCCI advises FIRS to deepen tech adoption

12.11.2024
The Lagos Chamber of Commerce and Industry has urged the Federal Inland Revenue Service to boost its technology adoption to enhance its operations. Speaking during the FIRS Special Day at the Lagos International Trade Fair themed ‘Connecting Businesses, Creating Value’, the LCCI President, Gabriel Idahosa, said targeted outreach, especially within the informal sector, could foster...
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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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