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Alert MFB to empower youths with finance skills

21.02.2025
Alert Microfinance Bank, a subsidiary of Alert Group, has launched the second edition of its Career Bootcamp, reinforcing its commitment to equipping youths with financial and professional skills needed to thrive in today’s job market. A statement made available to our correspondent by the bank on Thursday stated that the program, targeted at recent graduates...
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NEM Insurance posts N108bn revenue in 2024 –Report

21.02.2025
General insurance services provider NEM Insurance Plc has recorded N108bn in turnover during the 2024 financial year. In a statement on Thursday, the company said the 2024 revenue reflected its commitment to strategic growth and solidified its doggedness in the insurance market. Within the review period, NEM Insurance paid the sum of N23bn as claims...
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CBN probes 19.7 million dormant bank accounts

21.02.2025
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System. The data, which tracks monthly account statuses throughout 2024, indicates a steady rise in inactive accounts, coinciding with new regulatory measures by the Central Bank of Nigeria requiring commercial...
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With govt support, LIRS can generate over N5tn – Lawmaker

21.02.2025
In this interview, the Lagos State House of Assembly member, Saad Olumoh, tells ARINZE NWAFOR some strategic measures that the Lagos Internal Revenue Service has been implementing to meet its revenue targets for the state, among other key developments Briefly tell us about yourself I represent Ajeromi/Ifelodun I at the Lagos State House of Assembly...
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NASS intervention raised housing budget by N50bn – Minister

21.02.2025
The National Assembly Committees have intervened to raise the housing budget of the Federal Government by an additional N50bn. This was disclosed by the Minister of Housing and Urban Development, Ahmed Dangiwa, at his ministry’s 2025 Sector Retreat, themed, “Actualising The Renewed Hope Agenda For Housing And Urban Development: Examining Strategies, Identifying Opportunities to Boost...
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NGX reverses loss as investors pocket N505bn

21.02.2025
The Nigerian Exchange rebounded on Wednesday as investors gained N505bn following a 0.87 per cent surge in the All-Share Index, which closed at 108,609.51 points. This recovery reversed the previous day’s loss, pushing the market capitalisation to N67.8tn. The rally was driven by gains in BUA Foods, RT Briscoe, and Eterna, among other top performers....
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Microsoft plans AI training for one million Nigerians

21.02.2025
Microsoft has announced plans to invest $1m over the next two years to accelerate Artificial Intelligence skill development for one million Nigerians, aiming to foster digital innovation and economic empowerment. Microsoft’s Country Manager for Nigeria, Ola Williams, made this disclosure on Wednesday during the launch of the Microsoft AI Tour in Lagos. “This is a...
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FG bans 60,000 litres tankers nationwide from March

21.02.2025
The Federal Government has announced a ban on trucks carrying over 60,000 litres of hydrocarbon products from loading at depots and travelling on federal roads, effective from March 1, 2025. It also announced that from the Fourth Quarter of 2025, no truck carrying more than 45,000 litres of petroleum products shall be allowed to load...
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Vehicle price hike looms as US plans 25% tariff

21.02.2025
Freight forwarders have said that Nigerian vehicle importers may be spending more following the plans by US President, Donald Trump to impose auto tariffs “in the neighbourhood of 25 per cent” and similar duties on semiconductors and pharmaceutical imports. According to Reuters on Wednesday, this is the latest in a series of measures threatening to...
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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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