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Airport safety staff unveils aviation lodge

The Fire and Safety Multipurpose Cooperative Society has inaugurated the second wing of its hotel at the Lagos airport. This, according to the society, was to boost the revenue base of the group. Located at Ewututu, an airport community, the new wing, a two-storey twin structure, is made up of four suites, 10 Executive Rooms,...
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Interest rates disrupted automobile industry plan – Lawmaker

The Chairman of the House Committee on Industry, Enitan Dolapo-Badru, has said that the high interest rates of Deposit Money Banks disrupted the National Automotive Industry Development Plan 2013. One of the Nigeria Automotive Industry Plan was to expand the automotive sector by leveraging local resources and increasing the sector’s contribution to the national prosperity....
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PalmPay begins anti-fraud awareness week

To commemorate the upcoming International Anti-Fraud Awareness Week, PalmPay, a financial institution in Nigeria, is launching a series of community-focused initiatives to educate the public on fraud prevention and digital security. The highlight of this initiative is a community walk themed “United Against Fraud: Building a Safer Future”, set to take place across Lagos on...
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Wema Bank empowers SMEs

Wema Bank, the pioneer of Africa’s first fully digital bank, has concluded the first cohort of its Wema Export Trade Academy. It said the programme equips Nigerian Small and Medium Enterprises with essential skills, insights, and resources for entering and thriving in the global market. The Academy, according to a statement from the bank, hosted...
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FirstBank hosts inaugural China-Africa interbank forum

FirstBank has announced its hosting of the first-ever China-Africa Interbank Association Forum to strengthen economic ties and investments between China and Africa. In a statement made available to The PUNCH on Tuesday, the forum, themed ‘Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialisation, and Economic Diversification,’ will take place later this month in...
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WAPCO, others boost equity market by N136bn

The Nigerian equity market closed on a positive note on Tuesday, as key stocks, led by Lafarge WAPCO, lifted the market to N136bn gain. The market capitalisation of the Nigerian Stock Exchange increased by 0.23 per cent to close at N59.4tn, while a total of 333,948,810 shares were traded in 9,187 deals, with a market...
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SIMS pledges to strengthen partnerships with dealers

SIMS Nigeria Limited in association with TCL, the sole franchise partner in Nigeria, has reaffirmed its commitment to fostering deeper, more collaborative relationships with its dealers, recognising the essential role they play in driving mutual growth and success in the market. The event tagged “TCL/Sims Dealers Meet” was held recently in Lagos. The event gathered...
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Oil reserves plunge by 50bn barrels as investments shrink

The Nigerian Upstream Petroleum Regulatory Authority says the country’s oil reserves declined by 50 billion barrels over 14 years. According to the NUPRC, oil reserves shrank from 38 billion barrels to 37.50 billion barrels between 2008 and 2023. In a publication, the NUPRC blamed this on the tremendous decline of exploration activities due to a...
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Naira may depreciate further during yuletide – Report

It has been projected that demand for foreign exchange during the festive season will worsen the depreciation of the naira. This projection was made by analysts at Meristem Securities Limited in their Inflation Report which was released on Tuesday. In the report, analysts who reviewed October’s inflation figures, which stood at 33.88 per cent, above...
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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...