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Budget deficit-to-GDP hits 7.5% on high govt expenditures

11.11.2024
The Federal Government’s budget deficit has risen to 7.5 per cent of the country’s Gross Domestic Product as of August 2024, reflecting a significant widening of the gap between government revenue and expenditure. A member of the Central Bank of Nigeria Monetary Policy Committee, Muhammad Abdullahi, disclosed this in his personal statement at the 297th...
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Refiners oppose petrol import licences to IPMAN, PETROAN

11.11.2024
The Crude Oil Refinery Owners Association of Nigeria has warned the Federal Government to be cautious in granting import licences to petroleum traders for the importation of refined products. CORAN’s comment came amid the controversy between the Dangote Petroleum Refinery and oil marketers. Members of the Petroleum Products Retail Outlet Owners Association of Nigeria had...
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Leadway, others shine at insurance industry awards

11.11.2024
Insurance firms, Leadway Assurance Company Limited, AIICO Insurance Plc, and Noor Takaful, among others, have emerged as the top winners at this year’s Almond Insurance Industry Awards. The 2024 Almond Insurance Industry Awards themed #Reinvent Edition held recently in Lagos to celebrate outstanding players in the insurance industry. At the end of the night, Leadway...
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NAICOM urges insurance firms to massively employ youths

11.11.2024
The Commissioner for Insurance at the National Insurance Commission, Olusegun Omosehin, has charged insurance firms in the country to tap into the  ‘One Million Youths in Insurance’ programme of NAICOM during their recruitment process. In early October, NAICOM and the Federal Ministry of Youth signed a Memorandum of Understanding to train one million youths in...
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Moroccan firm, Thales Alenia partner to boost telecom service

09.11.2024
A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 per cent) and Leonardo (33 per cent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained...
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New Wemabod chairman unveils two-year plan

08.11.2024
The newly appointed Chairman of Wemabod Limited, Nureni Adisa, has unveiled a two-year agenda to transform the property development company through strategic investments, operational excellence, and workforce development. Adisa, who officially took over from outgoing Chairman Emmanuel Efuntayo, presented his plan at his inauguration speech, emphasising his commitment to driving growth and fortifying the company’s...
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Flourish Africa empowers 515 female entrepreneurs with N1.3bn

08.11.2024
Flourish Africa, a female empowerment non-profit founded by businesswoman and philanthropist Folorunso Alakija, has trained 515 female entrepreneurs in its latest cohort, increasing its grant funding to N1.3bn. The organisation awarded seed grants of up to N3m each to 100 graduates of its Business and Life Skills Training Programme who excelled in business pitch competitions...
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Ekiti grants licence to 14 power investors

08.11.2024
Ekiti State Governor, Biodun Oyebanji, said on Thursday that the state government had granted operational licenses to 14 electricity investors. He said this is part of the efforts of the administration to achieve energy independence. Oyebanji, who made the disclosure on his X handle, said that the investors include “three distribution companies, four generation companies,...
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Private equity in Africa drops by 11% – Report

08.11.2024
The African private capital industry recorded a decline in deal activity for the second consecutive year, the latest report by the African Private Capital Association has shown. According to the report, investments on the continent have fallen by 11 per cent since the start of 2024, continuing a decline that began last year. Private capital...
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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
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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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