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CBN to unveil new website today

The Central Bank of Nigeria has announced the launch of its new website on Monday (today). In a statement signed by the acting Director of Corporate Communications, Sidi Ali, the bank said the new website will become operational on Monday. “The bank has developed a contemporary Web API that operates on Microsoft .NET Core 8...
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Ogun unveils 2025 road tax stickers

The Ogun State Internal Revenue Service has partnered with the Joint Tax Board to launch the 2025 Single Interstate Road Tax Stickers. In a statement, the OGIRS noted that it aims to boost revenue generation with the tax sticker initiative, eliminate multiple road stickers, and simplify business operations. Speaking at the OGIRS conference in Abeokuta,...
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Customs agents, millers disagree over duty waiver

As Nigerians await the full rollout of the 150-day duty waiver on staple foods, tension has risen between licensed customs agents and the Rice Processors Association of Nigeria over the policy’s poor implementation. While the customs agents argue that the policy’s delay is due to the government’s decision to restrict the initiative solely to rice...
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Swiss cement maker sells $1bn stake in Lafarge

Swiss cement maker Holcim will exit its Nigerian business through the sale of its nearly 84 per cent stake in Lafarge Africa to China’s Huaxin Cement, the firm announced in a statement on Sunday. The sale price was $1bn for a 100 per cent stake. It stated, “The sale aligns with Holcim’s strategy to streamline...
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FG pledges to tighten fintech regulations

The Federal Government through its Securities and Exchange Commission has reaffirmed its commitment to safeguarding investors by strengthening its regulatory oversight in the rapidly expanding fintech sector. In a statement on Sunday, the SEC Director-General, Emomotimi Agama, disclosed this during a one-day capacity training for financial journalists in Abuja. Agama assured stakeholders that the Commission...
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NASD urges compliance with SEC rules

The NASD OTC Exchange has called on public limited companies to comply with the Securities and Exchange Commission rule mandating that securities of unlisted public companies be traded exclusively on SEC-registered Over-the-Counter exchanges. In a statement made available to our correspondent on Sunday, the NASD emphasised that this regulation prohibits the purchase, sale, or transfer...
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Nigeria needs 149 satellite stations for emergencies

The Surveyor-General of the Federation, Abuduganiyu Adebomehin, has emphasised the urgent need for Nigeria to establish approximately 149 satellite stations across the country. He said these stations are essential to provide real-time imaging capabilities, which will greatly enhance the nation’s ability to respond swiftly in emergencies and improve national security by assisting in the identification...
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Land Use Act difficult to amend – Operators

The Chairman of the Ministerial Land Reform Task Team, Dr Ugochukwu Chime, has said the Land Use Act is difficult to amend. He disclosed this at the 2nd edition of the International Conference and Fair on Land and Development, themed, “Sustainable Land Management for Inclusive Development in African Cities,” in Lagos recently. He said, “Various...
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Equity market loses N185bn in one week

The Nigerian equity market recorded a decline of N185bn in one week as the All-Share Index and Market Capitalisation dipped by 0.33 per cent and 0.31 per cent to 97,506.87 and N59.11tn respectively. A total turnover of 3.194 billion shares worth N54.850bn in 45,112 deals was traded last week by investors on the floor of...
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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...