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FG raises MSMEs loans to N5m at 9%

02.12.2024
The Federal Government has raised the amount small businesses could access on single digit loans to N5 million to ensure the country’s inclusive economic growth. The Managing Director and Chief Executive Officer, Bank of Industry, Dr Olasupo Olusi, made the announcement on Friday during a town hall sensitisation in Lagos on the Federal Government Grant...
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Chinese-born crypto entrepreneur eats $6.2m banana artwork

02.12.2024
30th November 2024 A Chinese-born cryptocurrency entrepreneur, Justin Sun, recently followed through on his promise to consume the banana from the controversial artwork Comedian, a piece valued at $6.2 million (£4.9 million). The artwork, created by Maurizio Cattelan in 2019, features a banana duct-taped to a wall, and Sun secured it at a Sotheby’s auction...
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BOI, NGOs empower traders with solar-powered kiosks

02.12.2024
The Bank of Industry has partnered with Adeola Azeez Community Care Foundation and Neighbours Shop to donate 50 solar-powered smart retail kiosks to traders in Ogun and Lagos States. The bank was said to have committed N97m towards the initiative, which aims to empower 50 young women. On Thursday, 35 women benefitted from the initiative...
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UBA begins full banking operations in France

02.12.2024
United Bank for Africa has signed a deal to commence full banking operations in France. In a statement late Thursday, the banking group said the landmark business cooperation agreement with the French Finance Minister, Antoine Armand, was part of President Bola Tinubu’s state visit to France. During the visit, the Chairman of UBA Group, Tony...
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Fuel transporters lament multiple depot charges

01.12.2024
The Association of Distributors and Transporters of Petroleum Products has condemned the imposition of arbitrary charges on its members by various unions, especially at the depots. The association spoke on Friday during a walk in Lagos, saying the imposition of multiple charges on its members impacts the prices of petroleum products. It said it would...
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CBN threatens sanction over cash scarcity at ATMs

01.12.2024
The Central Bank of Nigeria has threatened to impose fines on erring players in the financial sector over cash scarcity at Automated Teller Machines. This announcement was made by the CBN Governor, Olayemi Cardoso, on Friday at the annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria in Lagos. There have been...
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Electricity subsidy to hit N2.4tn by year-end

30.11.2024
The Federal Government, through its Nigerian Electricity Regulatory Commission, has declared that it would spend about N2.4tn on power subsidies before the end of this year. NERC’s Commissioner of Planning, Research, and Strategy, Dr Yusuf Ali, disclosed this at the PwC’s Annual Power and Utilities Roundtable, themed ‘Reigniting Hope in Nigeria’s Electric Power Sector,’ in...
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FG approves licence for 27,000 barrels refinery

30.11.2024
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval given to a company named Process Design and Development Limited is to establish and construct a new 27,000 barrels per day refinery. It said the facility will...
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Cement production key to Nigeria’s emission crisis – GBCN

30.11.2024
The President of the Green Building Council of Nigeria, Danjuma Waniko, has highlighted cement production and the building sector as major contributors to Nigeria’s greenhouse gas emissions. Speaking at the GBCN workshop in Abuja on Thursday, Waniko emphasized the need for targeted actions to address these issues, which he described as central to the country’s...
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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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