Business – Page 944 – Rise Africa

CBN seeks stronger Nigeria-Middle East economic ties – Punch Newspapers

19.02.2025

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called for stronger economic ties between Nigeria and the Middle East, emphasising the need for collaboration in infrastructure, tourism, and financial sector development. This was according to a press statement issued by the bank on Monday. Speaking on the sidelines of the inaugural Conference...

20,000 communities without electricity in Nigeria – REA – Punch Newspapers

19.02.2025

The Rural Electrification Agency has inaugurated a 550kWp solar hybrid mini-grid project in Bakin Ciyawa and Kwande communities, Qua’an Pan Local Government Area of Plateau State to electrify 3,500 households. This was as it disclosed that at least 20,000 communities nationwide were currently without access to electricity. The REA Managing Director, Abba Aliyu, said this...

NNPC to issue successful candidates appointment letters – Punch Newspapers

19.02.2025

The Nigerian National Petroleum Company Limited said it has concluded the recruitment exercise it started last year. In an announcement on Monday, NNPC Chief Corporate Communications Officer, Olufemi Soneye, disclosed that letters of appointment would be issued to successful candidates. According to him, the recruitment exercise was conducted with the utmost fairness, transparency, and rigour,...

Airtel raises data, call rates – Punch Newspapers

19.02.2025

Airtel Nigeria, the country’s second-largest telecom operator, has revised its data pricing structure, implementing a tariff adjustment of up to 50 per cent, according to details published on its website on Monday. The price revision, which affects various data bundles, aligns with ongoing industry concerns over escalating operational costs. While the company has yet to...

CBN orders bank directors with bad loans to resign – Punch Newspapers

19.02.2025

The Central Bank of Nigeria has ordered bank directors with non-performing insider-related loans to step down immediately. Insider loans refer to loans granted by a bank to its own executives, directors, employees, major shareholders, or related parties. The directive was issued in a circular signed by the Acting Director of Banking Supervision, Adetona Adedeji, on...

CBN orders banks to publish dormant account details, unclaimed funds – Punch Newspapers

19.02.2025

The Central Bank of Nigeria has directed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets on their official websites. A dormant account refers to a bank account that has remained inactive for at least one year. The directive was outlined in a circular issued on...

NGX lists N368bn 10-year FGN bond with 22.60% coupon rate – Punch Newspapers

19.02.2025

The Nigerian Exchange Limited has announced the listing of a new N368,309,761,000 Federal Government of Nigeria Bond. The 10-year bond, carrying a coupon rate of 22.60%, was listed on the Exchange on Tuesday, February 18, 2025. The newly listed bond, designated as 22.60% FGN JAN 2035, has been assigned the symbol code FG212035S1 and the...

European defence stocks surge amid Ukraine war summit – Punch Newspapers

19.02.2025

European defence stocks surged to record highs on Monday as political leaders in the region called for an emergency summit on the Ukraine war, amid growing calls from the United States to increase military spending for security, Reuters reports. According to Reuters, the pan-European STOXX 600 index rose by 0.4 per cent, led by a...

NAICOM tasks insurance firms on continental expansion – Punch Newspapers

18.02.2025

The Commissioner for Information/Chief Executive Officer of the National Insurance Commission, Olusegun Omosehin, has challenged players in the sector to start thinking about expanding beyond the Nigerian borders. This was disclosed in a recorded video message to the stakeholders, which was posted on Monday. Omosehin said this against the background of the African Continental Free...

Most banks don’t sell dollars to BDCs – ABCON

18.02.2025

The President of the Association of Bureau de Change Operators of Nigeria, Aminu Gwadebe, has said that only a few banks have complied with the directive of the Central Bank of Nigeria to sell dollars to BDCs. Gwadebe said this in an exclusive chat with The PUNCH as he analysed the positive performance of the...

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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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Latest News

CBN seeks stronger Nigeria-Middle East economic ties – Punch Newspapers

20,000 communities without electricity in Nigeria – REA – Punch Newspapers

NNPC to issue successful candidates appointment letters – Punch Newspapers

Airtel raises data, call rates – Punch Newspapers

CBN orders bank directors with bad loans to resign – Punch Newspapers

CBN orders banks to publish dormant account details, unclaimed funds – Punch Newspapers

NGX lists N368bn 10-year FGN bond with 22.60% coupon rate – Punch Newspapers

European defence stocks surge amid Ukraine war summit – Punch Newspapers

NAICOM tasks insurance firms on continental expansion – Punch Newspapers

Most banks don’t sell dollars to BDCs – ABCON

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