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Maritime contribution to GDP insignificant – CPPE

26.11.2024
The Nigerian maritime sector does not contribute significantly to the nation’s Gross Domestic Product, the Chief Executive Chief Officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, has said. He, however, told our correspondent that the maritime sector was critical to Nigeria’s economy, and expressed hope to see when the sector...
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Foreign transactions decline on NGX as naira weakens

26.11.2024
Foreign investors are pulling out of the Nigerian Exchange as year-to-date foreign outflows surged to N400.04bn, surpassing foreign inflows of N344.30bn by October 2024, reflecting a net withdrawal of N55.74bn. Data from the exchange domestic and foreign portfolio participation in equity trading as of October 31, showed that foreign transactions accounted for only 16.65 per...
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ECOWAS unveils e-certificate to tackle regional fraud

26.11.2024
The Economic Community of West African States has unveiled its electronic certificate of origin, a digital system introduced to enhance trade facilitation and curb fraudulent practices across the region. Speaking at the official unveiling in Lagos, the Commissioner for Economic Affairs and Agriculture, Mrs Massandje Toure-Litse, lauded the initiative as a transformative milestone in the...
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Labour protests NBS drop in unemployment rate report

26.11.2024
The Nigerian Labour Congress has described the drop in Nigeria’s unemployment rate released in a report by the National Bureau of Statistics on Monday as fiction, stressing that it contradicts reality. The NLC’s position was corroborated by the Organised Private Sector, with the OPS stating that the report was not reflective of economic realities.  The...
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13 states commit N3.8tn on salaries, others

26.11.2024
About N3.87 trillion has been allocated for recurrent expenditure across 13 Nigerian states in their proposed budgets for the 2025 fiscal year. The governors of these states have presented budgets that prioritise administrative costs, including salaries and overheads, while also allocating significant funds for capital projects aimed at boosting infrastructure development. The total proposed budget...
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States tackle NNPCL over extra N1tn subsidy payment

26.11.2024
The Nigerian National Petroleum Company Limited has requested an additional subsidy refund of N1.19 trillion for July 2024, citing exchange rate differentials on Premium Motor Spirit importation and joint venture taxes, according to findings by The PUNCH. But state governments tackled the national oil company over the latest request, as they raised concerns over NNPCL’s...
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Ex-workers illegally retain N748m govt vehicles – AuG report

26.11.2024
A report by the Auditor-General of the Federation has revealed that government vehicles valued at N747.75m were illegally retained by former staff of five ministries, departments, and agencies. The findings, contained in the Auditor-General’s Annual Report on Non-Compliance and Internal Control Weaknesses, covered activities between 2020 and 2021. The report highlights failures in enforcing clearance...
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Unemployment rate dropped to 4.3% in Q2

26.11.2024
Nigeria’s unemployment rate declined to 4.3 per cent in the second quarter of 2024, signalling improved labour market conditions. According to the latest report released on Monday, by the National Bureau of Statistics, this marked a decrease from the 5.3 per cent recorded in Q1 2024 and reflected a gradual recovery from the 5.0 per...
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Speedview hosts online AI training for teachers

26.11.2024
Speedview Communications Limited, a yearbook publishing company, recently hosted a two-day online AI training workshop for teachers. In a statement made available to our correspondent on Monday, the AI teachers workshop, held in collaboration with Igbera.ai, an India/America-based AI training organization, focused on equipping educators with practical and innovative tools to enhance their teaching methods...
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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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