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Customs suspends implementation of 4% FOB charge

13.02.2025
The Nigerians Customs Service has suspended the implementation of the widely criticised four per cent Free-on-Board value on imports. A statement signed by the Customs National Public Relations Officer, Abdullahi Maiwada, disclosed the latest development on Tuesday in Abuja. The amount, as stipulated in Section 18(1)(a) of the Nigeria Customs Service Act 2023, has already...
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Govt must respect trade union rights – NECA

13.02.2025
The Nigeria Employers’ Consultative Association on Tuesday called on the Federal Government to uphold trade union rights in line with international labour standards, emphasising that proscribing unions would set a dangerous precedent. Speaking at a press briefing ahead of the Labour Adjudication and Arbitration Forum scheduled to commence on February 13, 2025, in Abuja, NECA’s...
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Transcorp Power declares N3.50 dividend

13.02.2025
Transcorp Power Plc has announced a final dividend of N3.50 per share for the financial year 2024, reflecting its strong performance within the period. According to the corporate action calendar for upcoming dividend payments, the qualification date for shareholders entitled to the dividend is February 11, 2025, while the register will close between February 12...
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Afrijet starts Nigeria-Gabon flight

12.02.2025
AFRIJET has launched its first-ever flight from Libreville, Gabon, to Port Harcourt, Nigeria, in a significant move to strengthen regional connectivity. This, according to Afrijet, marks a new chapter in the airline’s expansion strategy, providing a direct link between Libreville, Gabon, and Port Harcourt, Nigeria, two crucial hubs for the oil and gas industry. This...
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Eskimi advocates data-driven digital advertising

12.02.2025
Eskimi, a digital media company with deep Nigerian roots, has announced a bold transformation, shifting from a demand-side platform to a full-fledged creative and media tech powerhouse. According to a statement, with its new slogan, #Don’tBeBoring#, Eskimi aims to revolutionise advertising by combining data-driven creativity with advanced attention metrics to enhance brand engagement. At the...
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Marketsquare expands with two new outlets in Lagos

12.02.2025
Grocery retail chain Marketsquare has expanded its footprint in Lagos by launching its 35th and 36th stores. Marketsquare in a statement revealed the new outlets located at Purple Lekki in Lekki and Eterna Filling Station, Gbagada Junction, Apapa Oshodi Expressway, aim to bring high-quality and affordable products closer to Lagosians. Speaking on the latest expansion,...
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Pension funds grow to N22.51tn

12.02.2025
The Nigerian pension industry portfolio grew about 22.60 per cent to close December 2024 at N22.51tn from N18.36tn as of December 2023. This was disclosed in the latest monthly report from the National Pension Commission released on Monday. According to the report, pension assets had grown month-on-month by about 1.15 per cent from N22.26tn to...
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‘Tolling of roads will negatively affect rural areas’

12.02.2025
Founder of Wardiere Oakmount and a real estate sales coach, Kunle Ilori, has said the reintroduction of the toll on selected Federal Government roads may affect the purchasing decision of intending property buyers in suburban and peri-urban areas. Ilori said this in reaction to the Federal Government’s decision to toll Abuja-Kaduna-Kano and other major highways...
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Firms partner to train youths, create 50,000 jobs

12.02.2025
Digital Bridge Institute has partnered with U.S.-based SBTS Group LLC to create 50,000 jobs and train five million Nigerian youths by 2030 in a strategic effort to bridge Nigeria’s digital skills gap and boost employment. According to a statement by DBI’s Head of Public Affairs, Akin Ogunlade, the initiative aligns with the Federal Government’s National...
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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
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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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