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Rewane projects stronger naira in January

11.11.2024
An economist, Bismarck Rewane, has projected that the naira will strengthen further in January 2025 compared to its current weak trading position. Rewane made this known during his monthly presentation at the Lagos Business School Executive Breakfast Session, which was themed ‘The Quadrangular Impact of the Trump Win on Nigeria’. In the past week, the...
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Adequate land management can reduce flood risks – Builders

11.11.2024
The Building Collapse Prevention Guild has called for sustainable land management practices to reduce flood risks. This was disclosed in a statement tagged, “Erosion and Flooding Control: A Surveyors Perspective.” It stated, “Sustainable land management practices can help to reduce flood risks in Nigeria. These practices include soil conservation, terracing, contour farming, and crop diversification....
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Group advocates inclusive approach in FCT land allocation

11.11.2024
The Housing Development Advocacy Network has voiced concerns over the recent allocation of over 200 acres of land in Abuja’s Phase 5 area for mass housing. In a briefing to journalists, HDAN Executive Director, Festus Adebayo, urged the Minister of the FCT, Nyesom Wike, to adopt a more inclusive, balanced approach that prioritises sustainable housing...
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Pelican woos diasporan investors at summit

11.11.2024
A real estate company, Pelican Valley Nigeria Limited, has wooed diasporan investors by showcasing investment opportunities in the country to explore. The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, disclosed this during the 7th edition of the Nigeria Diaspora Investment Summit themed, “Adapting Stability through Diaspora Investment: Navigating the Path to Prosperity”,...
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FCMB offers N30m clean energy loans

11.11.2024
First City Monument Bank is offering up to N30m to help Nigerian households and small businesses procure solar panels, batteries, inverters, and other clean energy equipment. According to a statement from the bank, the loan aims to ease financial pressures, allowing businesses to allocate more funds to growth and operations with a three-year repayment plan....
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600 traders get lawmaker’s N8m interest-free loan

11.11.2024
The lawmaker representing Obokun constituency in the Osun State House of Assembly, Mr Adewumi Adeyemi, has launched an interest-free loan scheme worth N8m to be enjoyed by 600 traders selected from the constituency. The lawmaker said the initiative aims to support small-scale enterprises at the grassroots level. Adeyemi, while addressing journalists during the launch of...
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Mixed sentiments drive NGX’s N118bn loss

11.11.2024
The Nigerian Exchange Limited recorded a loss of N118bn in the past week on the back of mixed sentiments in the market. This culminated in a 0.20 per cent decline week-on-week in the All-Share Index which closed at 97,236.19 points.  Year-to-date, however, the ASI has still posted a 30.04 per cent return. This move takes...
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Oil imports crashed by 35% in Q2 – CBN

11.11.2024
Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly economic report of the Central Bank of Nigeria for the second quarter of 2024. This reduction highlights shifting dynamics in the nation’s oil and gas...
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Strengthen diplomatic presence to boost economy, FG urged

11.11.2024
The Executive Assistant on External Relations to the Governor of Delta State,  Sunday Ofehe, has raised concerns over Nigeria’s limited diplomatic presence, warning that it could hinder the country’s economic growth and international influence. Speaking at the launch of the National Business Masterclass in Lagos on Friday, Ofehe pinpointed that Nigeria’s absence in global diplomatic...
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PTML Customs generates N288bn revenue — Official

11.11.2024
The Nigeria Customs Service, Ports & Terminal Multiservice Limited Command, has reported a total revenue collection of N288bn between January and November 2024. The command noted that this figure represents a 34.8 per cent increase compared to the N213bn collected in the same period in 2023. The command’s Public Relations Officer, Muhammad Yakubu, shared this...
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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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