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Govt to stop minerals testing abroad, unveils lab

13.12.2024
The Federal Government has unveiled an ultra-modern mineral analysis laboratory to enable the country to halt the testing of minerals abroad. The Minister of Solid Minerals Development, Dr Dele Alake, who inaugurated the laboratory, described the ministry’s partner – African Natural Resources and Mines Limited, as a valuable firm in the Federal Government’s efforts to...
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Oil production hits 1.7mbpd – FG

13.12.2024
The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024. According to the latest data released by the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, liquid crude oil production...
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Binance user deposits increased to $21.6bn in 2024 — Report

13.12.2024
Binance, the world’s largest cryptocurrency exchange, recorded a significant increase in user fund deposits in 2024, reaching $21.6bn. The digital currency platform made the disclosure in a blog post on Thursday, citing data from DefiLlama, a prominent firm that provides analytics and data related to decentralised finance. This figure marks a 36 per cent increase...
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FG issues N1tn sukuk bond to fund 124 road projects

13.12.2024
The Federal Government of Nigeria has issued six Sovereign Sukuk bonds worth N1.1tn (approximately $657.6m) to finance 124 federal road projects covering over 5,820 kilometres across the country’s six geopolitical zones. The Director-General of the Securities and Exchange Commission, Emomotimi Agama, disclosed this at the ongoing second International Islamic Capital Market Conference in Karachi, Pakistan....
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Access Bank to acquire 100% stake in S’African leader

13.12.2024
Access Holdings Plc has announced that its banking subsidiary, Access Bank Plc, has signed a binding agreement to acquire a 100 per cent equity stake in South African-based Bidvest Bank Limited. The announcement was disclosed in a document filed with the Nigerian Exchange Limited on Thursday, highlighting Access Bank’s commitment to expanding its presence in...
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NGX investors gain N152bn as capitalisation nears N60tn

13.12.2024
The Nigerian Exchange witnessed a bullish trading session on Thursday, as market capitalisation climbed to N59.9tn, reflecting a gain of N152bn for investors. This came amid 489.7 million shares exchanged across 8,304 deals, corresponding to a market value of N7.06bn. Compared to the previous session, the market saw a 53 per cent increase in volume,...
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AI will shape businesses in 2025, expert predicts

13.12.2024
Artificial Intelligence, among other trends in data analytics, is set to undergo transformative changes primarily affecting businesses that effectively harness its power to emerge as leaders in their industries. This is according to a data analyst, Damilare Tiamiyu, who boats six years of experience driving global business transformations through analytics. In a statement, Tiamiyu identified...
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Hero MotoCorp unveils three motorcycle models

13.12.2024
Hero MotoCorp Limited has expanded its presence in Nigeria with the launch of three new motorcycle models: Hero Xpulse 200cc, Hero Hunk 150cc, and Hero Glamour 125cc. The motorcycles were unveiled during the Hero Tolaram X Fanfaro Auto Fest 2024, held on December 7 and 8 at the Pacesetter Transport Service Park, Ibadan, according to...
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Most SMEs lack data to improve operations – BudPay

13.12.2024
Despite millions of digital transactions occurring daily across Africa, 73 per cent of small businesses lack access to critical data insights needed to transform their operations, payment infrastructure company BudPay has said. This disclosure was made in a statement on Thursday by BudPay’s Head of Product, Rowland Okondor, during his appearance on Arise Xchange on...
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Firm gets approval to package HIV test kit

13.12.2024
A healthcare firm, Codix Group, has received World Health Organisation approval to package a prequalified Rapid Diagnostic test kit locally. In a statement, Codix Group, a subsidiary of Colexa Biosensor Ltd, noted its approval signalled a breakthrough for healthcare in the country as it marked the first time a WHO Prequalified HIV RDT will be...
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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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