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65.5% of Nigerians want lending rates to drop – CBN

21.03.2025
A new Household Expectations Survey by the Central Bank of Nigeria (CBN) has revealed that 65.5 per cent of Nigerian households believe a reduction in lending rates would be best for the economy. The survey, conducted in February 2025, highlights public perception of key economic indicators, including inflation, interest rates, exchange rates, and economic confidence...
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ICSAN urges AI adoption for sustainable corporate governance

21.03.2025
The President of the Institute of Chartered Secretaries and Administrators of Nigeria, Funmi Ekundayo, has called for the adoption of artificial intelligence to enhance corporate governance and sustainability in Nigeria. She made the call on Wednesday at the ICSAN 2025 Company Secretaries and Registrars’ Forum in Lagos. Speaking at the forum themed “Enhancing the AI...
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Naira appreciates to 1530.52/$ at official window

21.03.2025
At the close of trading on Wednesday, the naira appreciated by 0.16 per cent to 1530.52/$ from 1532.93/$ in the previous trading session on the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria revealed. According to CBN data, the naira traded as high as 1545/$ and the lowest rate of 1500/$, which...
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Transcorp decries N650bn power generation debt

21.03.2025
The Federal Government owes Transcorp Power up to N650bn for its generated power. The company decried the liquidity challenges facing the power sector, saying this has been affecting operations. The Group Chief Executive Officer of Transcorp Plc, Owen Omogiafo, disclosed this during a live television interview on Thursday, which was monitored by our correspondent. According...
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25% oversubscription of First Holdco’s N150bn rights issue paves the way for its private placement of N350bn.

21.03.2025
“This capital raise will empower the group to strengthen its position in the market, invest in innovation, and drive sustainable growth in FirstBank, its flagship subsidiary. “We extend our profound appreciation to the Central Bank of Nigeria and the Securities and Exchange Commission for their support in ensuring the integrity of the process and that...
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Terminal operator engages shippers on rail connection

21.03.2025
APM Terminals Apapa has engaged the agricultural commodities importers and exporters to better understand their logistics challenges and needs and share the benefits of the Apapa-Moniya rail connection. Announcing this in a statement on Wednesday, the terminal operator added that it also engaged the Oyo State Government through one of the special advisers to the...
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French firm suspends hike in shipping charges

21.03.2025
French shipping line CMA CGM has announced the suspension of its planned hike in shipping charges on Nigerian-bound cargoes due to the 15 per cent adjustment of Port & Marine Fees by the Nigerian Ports Authority. Recall that CMA CGM, in a statement sent to importers last week, had announced an increment in its charges,...
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Maritime workers, JNTS sign MoU on welfare

21.03.2025
The Maritime Workers Union of Nigeria has signed a Memorandum of Understanding with the Joint National Transport Safety Committee of Nigeria to improve safety and drivers’ welfare. The group added that the move would also ensure standardisation compliance in haulage transport operations in Nigeria. The agreement, signed at the MWUN Secretariat in Apapa, Lagos, on...
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UBA unveils domestic card scheme, AfriGo

21.03.2025
The United Bank for Africa Plc has launched the Afrigo Card, a domestic card scheme in Nigeria. According to a statement on Wednesday, the Afrigo Card, introduced by the Central Bank of Nigeria in collaboration with the Nigeria Inter-Bank Settlement System, is an alternative to international card schemes, empowering customers with seamless, naira-denominated transactions tailored...
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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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