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CBN reinforces regulations to strengthen financial system

04.03.2025
The Central Bank of Nigeria has reinforced its regulatory oversight to bolster the resilience and transparency of the country’s financial system, reaffirming its commitment to strict compliance and risk management across financial institutions. According to a statement from the apex bank on Sunday, the CBN reaffirmed its commitment at a Mandatory Compliance and Anti-Money Laundering...
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Firm unveils platform to help monetise creative skills

04.03.2025
Creative Money Africa, a business platform, has unveiled the Creative Money Podcast to help individuals with talents structure, package, and monetise their skills. According to a statement, the podcast will feature conversations with industry experts, successful creatives, and thought leaders. The platform noted that its goal is to provide creatives across the continent with strategies...
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Moniepoint, AfriGO partner to distribute five million cards

04.03.2025
Moniepoint Inc. has partnered with Afrigopay Financial Services Limited, a subsidiary of the Nigeria Inter-Bank Settlement System, to accelerate the adoption of Nigeria’s National Domestic Card Scheme, the AfriGO Card. In a statement over the weekend, Moniepoint stated that the partnership would leverage its extensive network and infrastructure to introduce an innovative payment system that...
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Fintech company empowers SMEs

04.03.2025
A Fintech firm, Transactworld Digital, has launched Transactpay, a comprehensive digital platform designed to empower small and medium-sized enterprises and revolutionise their business operations. In a statement, it was noted that the platform offers a suite of innovative solutions beyond traditional payment processing, acting as a catalyst for business growth and enhanced customer engagement. It...
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Ellah Lakes reports N396.6m loss

04.03.2025
Ellah Lakes Plc has posted a loss of N396.6m for the second quarter ended January 31, 2025, reflecting a financial strain amid rising administrative and personnel expenses. The company’s unaudited financial statements filed on the Nigerian Exchange recently show that its operating loss stood at N675.8m, up from N344.2m in the corresponding period of 2024....
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Dangote refinery orders Algerian crude over local shortfall

04.03.2025
Refineries in India have turned to Nigeria for the supply of crude oil following a drop in imports from Russia. This came as the Dangote Petroleum Refinery in Lekki, Lagos, has successfully purchased its first shipment of one million barrels of Algeria’s high-quality light sweet Saharan Blend crude Bloomberg reports that India’s crude oil imports...
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Airlines protest N’Assembly’s knocks over old aircraft

04.03.2025
The Senate Committee Chairman on Aviation, Senator Fatai Buhari, has raised the alarm that Nigeria’s aviation industry is bloated by old aircraft against the practice in developed nations. However, operators, regulators, and other stakeholders dismissed the claim, arguing that the age of an aircraft does not matter; rather, the maintenance of airplanes should be given...
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ATMs loaded with cash as N100 withdrawal fee begins

04.03.2025
Banks are loading their ATMs with cash as they commenced charging N100 for transactions on March 1. The Central Bank released the revised ATM transaction fees in a circular dated February 10, 2025. Under the revised fee structure, withdrawals from one’s bank ATMs will remain free of charge. However, customers using ATMs of other banks...
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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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