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Nigeria’s digital payments, others to hit $1.5tn – Report

27.03.2025
The digital payments economy in Nigeria and other African countries is projected to hit $1.5tn by the end of this decade, driven by improved internet penetration and financial inclusion rate. This estimate was indicated in the Mastercard-commissioned report by Genesis Analytics, which was made available to The PUNCH on Tuesday. According to the report, Africa’s...
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BoI designates FIC as service provider

27.03.2025
The Bank of Industry has designated FIC Professionals Network Plc as a business development service provider to guide and support small and medium enterprises seeking credit. In a statement on Tuesday, the firm explained that BDSPs serve as vehicles to support the bank’s core mandate of providing long-term financial and business support services to micro,...
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Stanbic IBTC advocates sustainable financial planning

27.03.2025
Stanbic IBTC Bank has reiterated its commitment to helping Nigerians build lasting financial legacies through sustainable wealth management and strategic financial planning. The Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, highlighted the importance of proactive wealth management in a statement announcing the reintroduction of private banking by the bank. Adeniyi noted that in today’s...
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Discos rake in N509bn amidst serial grid collapses

26.03.2025
Electricity consumers paid a total of N509.84bn in the fourth quarter of 2024 despite enduring five grid collapses within the same period, The PUNCH reports. The Nigerian Electricity Regulatory Commission said in a report that there were three incidents of total collapse and two incidents of partial collapse on the national grid in 2024/Q4. NERC...
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Benin, Togo owe Nigeria $8.8m electricity debt — FG

26.03.2025
Benin Republic and Togo owe Nigeria $8.84m for the electricity consumed in the fourth quarter of 2024, The PUNCH reports. The Nigerian Electricity Regulatory Commission revealed this in a report highlighting the remittances made by bilateral customers (domestic and international) and special customers for invoices issued in 2024/Q4 by the Market Operator. According to the...
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Marketers protest, Dangote exports fuel to US, others

26.03.2025
Oil marketers under the aegis of the Petroleum Products Retail Outlets Owners Association of Nigeria have rejected the decision by the Dangote Petroleum Refinery to sell refined petroleum products in dollars. PETROAN urged the Federal Government not to allow the Lagos-based plant to sell in dollars to Nigerian marketers. The association’s President, Billy Gillis-Harry, disclosed...
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Govt unveils AfCFTA committee to boost regional export

26.03.2025
The Federal Government has inaugurated the African Continental Free Trade Area Central Coordination Committee, aimed at enhancing Nigeria’s regional export capacity and positioning the country as a key player in the trade agreement. The inauguration took place on Tuesday in Abuja, with the Minister of Industry, Trade and Investment, Jumoke Oduwole, expressing the importance of...
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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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