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ATMs empty as banks ration withdrawals

14.11.2024
The Automated Teller Machines of Deposit Money Banks have consistently remained empty in recent months as banks grapple with a sustained low cash supply. It was also gathered on Wednesday that some DMBs, particularly in the Federal Capital Territory, have begun another round of cash rationing, restricting maximum over-the-counter withdrawals to a daily limit between...
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Signature Bank appoints Borodo acting chairman

14.11.2024
Signature Bank has announced the appointment of Alhaji Tijjani Borodo as the new acting Chairman of the Board of Directors of the financial institution. It said in a statement that the retirement of the bank’s former board chairman paved the way for Borodo’s appointment. The statement read in part, “Signature Bank is pleased to announce...
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Customs exceed 2024 revenue target, collects N5tn

14.11.2024
The Nigeria Customs Service said it has collected N5.079tn revenue as of Tuesday, November 12, 2024, exceeding its revenue target for 2024. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Wednesday at the ongoing 2024 Comptroller-General of Customs Conference in Abuja. The conference was themed, ‘Nigeria Customs Service: Engaging traditional and new partners with...
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Butane Energy unveils cooking gas plant in Kaduna

14.11.2024
Butane Energy Limited and the Nigerian Content Development and Monitoring Board have unveiled a 180-metric-tonne Liquefied Petroleum Gas (cooking gas) plant in Kaduna. This was described as a significant milestone in their collective drive to make LPG a widely accessible, cleaner, and more cost-effective fuel option for cooking in the country. The gas filling plant,...
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Lagos deploys 22,000 solar streetlights

14.11.2024
Lagos State Governor, Babajide Sanwo-Olu, says the government is adopting renewable energy to power its street lights. The governor said in one year, the majority of the streetlights in Lagos would be powered by solar. Represented by the Commissioner for Energy and Mineral Resources, Biodun Ogunleye, at the NAPE 2024 Conference, Sanwo-Olu disclosed that 22,000...
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NCDMB seeks industry support to raise crude production

14.11.2024
The Nigerian Content Development and Monitoring Board has canvassed industry-wide support for initiatives that reverse negative trends in Nigeria’s energy sector and boost oil production. The Executive Secretary of the NCDMB, Felix Ogbe, spoke at the International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists in Lagos. Ogbe, in a paper entitled ’Resolving...
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Lekki Port targets more FDI with new vessels

14.11.2024
The Chief Executive Officer of Lagos Free Zone, Adesuwa Ladoja, has said that the arrival of COSCO, Ocean Network Express, and ZIM shipping lines is expected to attract more foreign direct investments to the zone. Ladoja disclosed this in Lagos recently when the management of Lekki Port LFTZ Enterprise Limited, Lekki Freeport Terminal, and the...
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Nigeria increasingly attractive to international investors – Ribadu

14.11.2024
President Bola Tinubu has stated that his administration’s commitment to creating an enabling business environment has resonated with the international investment community, thereby making the country increasingly attractive for both local and international investors. He added that his administration has also expanded its focus on strengthening Nigeria’s position in global trade and investment. Tinubu made...
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‘African economies need 100 ships to enjoy AfCFTA benefits’

14.11.2024
For African economies to benefit from the African Continental Free Trade Area Agreement, estimated to be worth $3.4tn, the continent will need around 100 ships to facilitate the transport of goods, the Secretary-General of the Abuja MoU, Capt. Sunday Umoren has stated. Operating under a Cooperative Agreement with International Maritime Organisation, Abuja MoU was established...
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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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