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Parallex Bank commits to promoting savings culture

Parallex Bank has reiterated its commitment to promoting a savings culture among Nigerians through various initiatives and products designed to encourage financial prudence. This was disclosed by Preye Ojeme, Head of the Public Sector Department at the Parallex Bank Abuja office, during an interview with PUNCH. Speaking on the bank’s ongoing efforts, Ojeme said, “The...
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SEC plans tougher action against scammers

The Securities and Exchange Commission is set to apply a more aggressive approach in combating Ponzi schemes following the recent enactment of the Investment and Securities Act (ISA 2025), which President Bola Tinubu signed into law. The new legal framework empowers the SEC to prosecute promoters of Ponzi schemes, with potential sentences of up to...
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Banks disburse N470bn personal loans – CBN

The Central Bank of Nigeria has disclosed that Nigerians secured personal loans amounting to N470bn from banks in the last three months of 2024. The apex bank revealed this in its Fourth Quarter 2024 Economic Report released on Sunday. The report indicated that consumer credit outstanding rose by 11.06 per cent to N4.72tn at the...
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LASG begins removal of illegal structures as amnesty ends

The Lagos State Building Control Agency has commenced the removal of illegal structures across the state following the expiration of the amnesty period granted by the State Governor, Babajide Sanwo-Olu. This was disclosed on the website of the Lagos State Building Control Agency on Monday. The agency said the exercise began in Ogudu GRA, where...
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Foreign airlines pay N25bn yearly for aircraft towing

International airlines that operate into Nigeria pay about N25bn annually for the towing of their aircraft, as the Federal Airport Authority of Nigeria has not been able to import the already procured aero bridges. In developed nations, aero bridges align with the aircraft doors, making immediate embarkation easy and swift. But in Nigeria, airlines pay...
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Banks pay FG N205bn, owe N600bn

Six banks have paid about N205.59bn as windfall tax in the 2024 financial year, indicating that attempts to lobby the government to reduce the tax failed. According to the audited reports filed with the Nigerian Exchange Limited, the banks have already started to comply with the new regulation. The banks that have reported payments include...
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NSIA grows net assets to N4.35tn

The Nigeria Sovereign Investment Authority has announced its audited financial results for the 2024 financial year, revealing a growth in net assets despite global economic challenges. In a statement signed by NSIA’s Head of Corporate Communications, Joyce Onyegbula, on Monday, the authority reported that its net assets nearly doubled, increasing by 96 per cent to...
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FG, Dangote set for talks as refinery imports 12.6m barrels

There are indications that the naira-for-crude policy of the Federal Government may continue, as impeccable insider sources familiar with the development insisted on Monday that all parties involved in the deal would reconvene soon. The first phase of the six-month deal involving the Federal Government, Nigerian National Petroleum Company Limited, and Dangote Petroleum Refinery ended...
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Blaaiz appoints new non-executive board member

In a decisive move to accelerate its global footprint, Blaaiz, a cross-border payments company, has appointed Oladunjoye Afolabi as a non-executive board member. A statement noted that this strategic addition underscores the company’s aggressive expansion strategy across Africa, North America, and Europe. Afolabi, a distinguished executive and transformational business strategist, brings over 18 years of...
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FG institute empowers 49 PWDs with digital skills

The Federal Government’s Digital Bridge Institute has advanced efforts to bridge Nigeria’s digital divide by graduating its second cohort of persons with disabilities from a nine-month IT training programme. According to a statement, a total of 49 PWDs—24 from DBI’s Lagos campus and 25 from its Kano campus—successfully completed the training, which equipped them with...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...