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BUA secures $200m from AfreximBank for expansion

13.11.2024
BUA Industries Limited has said it secured a $200 million financing facility from the African Export-Import Bank to drive its expansion across key sectors. The conglomerate announced its receipt of the financing facility in Cairo on November 11, 2024. In a statement issued on Tuesday, the firm said the fund serves its ambition to strengthen...
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Stock market posts N83bn gain on positive trading

13.11.2024
The Nigerian Exchange Limited closed in the green zone on Monday, with N83bn added to the wealth of investors. This marked the third consecutive positive trading session in a market that had been marked by sell-offs and portfolio rebalancing activities. At the end of the past week, the NGX All-Share Index reflected a one-week decline...
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Economists express worry over Nigeria’s public debt

13.11.2024
The Small and Medium Enterprises Development Agency and economists have stated that the rise in Nigeria’s public debt might create macroeconomic challenges especially if the debt service burden continues to grow. They disclosed this on Monday while reacting to the national public debt figure of N134.3tn as of the second quarter of 2024. Data obtained...
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Naira may weaken to N1,993/$1 – Report

13.11.2024
The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch Solutions subsidiary, has revealed. In the report titled “Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market...
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NNPCL ends N24tn fuel import, buys from Dangote refinery

13.11.2024
The Nigerian National Petroleum Company Limited has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and other local refineries. NNPC’s Group Chief Executive Officer, Mele Kyari, disclosed this on Monday at the ongoing conference of the Nigerian Association of Petroleum Explorationists, which was held in Lagos and themed...
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Global Citizen appoints new MD

13.11.2024
Global Citizen, an international advocacy organisation on a mission to end extreme poverty, has announced the appointment of Ifeoma Chuks-Adizue as the new Managing Director in Africa. A statement noted that Chuks-Adizue will also lead Move Afrika: A Global Citizen Experience, a major initiative to create an international music touring circuit across Africa, promoting investment,...
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NUAAE elects Oyenubi as president

13.11.2024
The Nigeria Union of Agriculture and Allied Employees has moved towards unity and stability with the election of Obafemi Oyenubi as the new National President. The development follows the successful reconciliation of factions within the union, facilitated by veteran union members. According to a statement, the newly constituted national transition committee leadership includes Benco  Ademola...
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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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