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FG pledges to tighten fintech regulations

03.12.2024
The Federal Government through its Securities and Exchange Commission has reaffirmed its commitment to safeguarding investors by strengthening its regulatory oversight in the rapidly expanding fintech sector. In a statement on Sunday, the SEC Director-General, Emomotimi Agama, disclosed this during a one-day capacity training for financial journalists in Abuja. Agama assured stakeholders that the Commission...
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NASD urges compliance with SEC rules

03.12.2024
The NASD OTC Exchange has called on public limited companies to comply with the Securities and Exchange Commission rule mandating that securities of unlisted public companies be traded exclusively on SEC-registered Over-the-Counter exchanges. In a statement made available to our correspondent on Sunday, the NASD emphasised that this regulation prohibits the purchase, sale, or transfer...
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Nigeria needs 149 satellite stations for emergencies

03.12.2024
The Surveyor-General of the Federation, Abuduganiyu Adebomehin, has emphasised the urgent need for Nigeria to establish approximately 149 satellite stations across the country. He said these stations are essential to provide real-time imaging capabilities, which will greatly enhance the nation’s ability to respond swiftly in emergencies and improve national security by assisting in the identification...
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Land Use Act difficult to amend – Operators

03.12.2024
The Chairman of the Ministerial Land Reform Task Team, Dr Ugochukwu Chime, has said the Land Use Act is difficult to amend. He disclosed this at the 2nd edition of the International Conference and Fair on Land and Development, themed, “Sustainable Land Management for Inclusive Development in African Cities,” in Lagos recently. He said, “Various...
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Equity market loses N185bn in one week

03.12.2024
The Nigerian equity market recorded a decline of N185bn in one week as the All-Share Index and Market Capitalisation dipped by 0.33 per cent and 0.31 per cent to 97,506.87 and N59.11tn respectively. A total turnover of 3.194 billion shares worth N54.850bn in 45,112 deals was traded last week by investors on the floor of...
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FG, France sign MoU to boost mining

02.12.2024
The Federal Government and France have agreed to develop joint projects to promote and diversify the value chain of the critical minerals in the solid minerals sector of both countries. Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential to clean energy technologies. According to a statement by the Special...
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Lawmakers back N500bn annual housing budget

02.12.2024
Federal lawmakers have expressed support for the plan to increase the housing ministry’s yearly budget to a minimum of N500bn, starting with the 2025 budget cycle, the Minister of Housing and Urban Development, Musa Dangiwa, has said. Dangiwa said this was following the ministry’s engagement with the National Assembly leadership while speaking at the 2024...
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Marketers differ on advance payments for Dangote petrol

02.12.2024
Oil marketers have expressed diverse opinions on the recent demand by the Dangote Petroleum Refinery, which stated that dealers must make advance payments before they can begin off-taking products from the Lekki-based refinery. This demand was advanced to marketers during a high-level stakeholder meeting organised by NNPC Group CEO Mele Kyari, representatives of the Major...
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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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