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Firm unveils medications for diabetes

Pharmaceutical firm, Eva Pharma, has introduced its range of diabetes medications to the Nigerian market, pledging to offer premium healthcare solutions at affordable prices. Eva Pharma announced the medications including Gliptus Plus, for managing blood glucose levels, Thiotacid, for treating diabetic neuropathy and Donifoxate, for managing hyperuricemia and gout, at a recent launch event in...
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Nigerian businesses face 3,759 cyber-attacks weekly – Report

Nigeria, Africa’s largest economy, is under siege from cybercriminals, with organisations facing an average of 3,759 cyber-attacks each week. This is according to the latest 2024 African Perspectives on Cyber Security Report by Check Point Software Technologies. The report paints a grim picture of the country’s vulnerability as it increasingly embraces digitalisation, with critical sectors...
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Smaller banks begin USSD debt repayments – Telcos

Telecom operators in Nigeria are seeing some progress in the repayment of the N250bn debt tied to Unstructured Supplementary Service Data services, with smaller banks beginning to settle their obligations. However, tier-one lenders responsible for the bulk of the debt are yet to make significant payments. The Chairman of the Association of Licensed Telecom Operators...
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ADF approves $99m for rice cultivation in W’Africa

The African Development Fund Board has approved $99.16m to develop regional rice value chains under the West Africa Rice Development project. A statement by the African Development Bank stated the project aims to boost food security in West Africa by promoting investments in rice value chains to achieve self-sufficiency by 2030. It stated that the...
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AG urges government to develop savings culture

The Accountant-General of the Federation, Dr Oluwatoyin Madein, has urged governments at all levels to embrace a culture of savings and investment to ensure financial stability during challenging economic times. Madein made the call during her address at the 2024 National Council on Finance and Economic Development, which was held in Bauchi State. In a...
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NPA MD emerges chairman of W’African ports

The Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, on Wednesday, emerged as the first Nigerian to be elected Chairman of the Port Management Association of West and Central Africa. His election was confirmed during the closing  of the 44th Annual Council and 19th Roundtable of Directors General of PMAWCA in Conakry, Guinea....
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Firm to award N60m to entrepreneurs

Empire Entertainment, a company focused on both entertainment and entrepreneurship, has announced a prize package worth N60m, which includes a brand-new car and an international travel opportunity for the winner of the second edition of its reality show, Empire Africa and House Reality Show. In a statement, the Chief Executive Officer of Empire Entertainment, Dickson...
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Pension institute seeks improved operator-regulator synergy

The Certified Pension Institute of Nigeria has called for improved synergy between operators in the pensions sector and the regulator to meet the needs of retirees and take proactive steps. This call was made by the Managing Consultant Motodols Pension Consults, Mrs. Folashade Onanuga, who delivered the induction lecture of the CPIN 2024 Investiture/Induction Ceremony...
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Manufacturers reduce production time to eight hours daily

The Manufacturers Association of Nigeria has raised the alarm over the crippling impact of persistent power outages on industrial productivity, complaining that most manufacturers are now unable to operate beyond eight hours daily. MAN Director-General, Segun Ajayi-Kadir, told The PUNCH how energy challenges contributed to the decline manufacturers faced amid escalating costs and unreliable electricity...
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Women-led businesses rise by14.29% – Report

The number of women-led businesses in Nigeria increased by 14.29 per cent in 2024, a marked improvement from the 7.69 per cent growth recorded in 2023, according to the State of Entrepreneurship Report by FATE Foundation. FATE Foundation, a business development organisation on Wednesday hailed the increase in the number of women-led businesses as steady...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...