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Effective strategies to boost auto sales

DAMILOLA AINA examines how the expansive and dynamic landscape of social media is driving sales within the automotive sector, exploring the various strategies and trends that contribute to this growth In an era where digital transformation is reforming industries worldwide, business owners in Nigeria are embracing online marketplaces for growth. This is because the ability...
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Equity market sustains bullish trend with N15bn gain

The Nigerian Stock Exchange sustained its bullish trend with a N15bn gain at the close of the first weekday of trading, as equities recorded positive growth. The All-Share Index rose by 0.03 per cent, adding 24.99 points to close at 97,747.27.  The market capitalisation rose by 0.03 per cent to close at N59.23tn. An aggregate...
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Onafowokan gets NSE honorary fellowship award

The Managing Director of Coleman Wires and Cables Industries Limited, George Onafowokan, has been honoured with the Honorary Fellowship Award by the Nigerian Society of Engineers. In a statement made available to our correspondent on Monday, Onafowokan expressed his pride in receiving the honour, emphasizing his dedication to the electrical and mechanical engineering fields. “This...
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Development Banks pledge support to nations in climate transition

Multilateral development banks have pledged financial support and other measures to help countries achieve ambitious climate outcomes. The banks disclosed their financial support at the ongoing COP29 in Baku. According to a statement, MDBs estimate that by 2030, their annual collective climate financing for low-and middle-income countries will reach $120bn, including $42bn for adaptation. MDBs...
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Firm inaugurates organic sesame hulling plant

Agventure Commodities Limited on Monday inaugurated an organic and natural sesame hulling plant in Kano State as part of efforts to expand agro export in the country. The new sesame hulling plant is expected to generate employment opportunities for the local community, creating over 600 direct and indirect new jobs. The General Manager of the...
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Portland gets CNG centre licence in free zone

The Oil and Gas Free Zones Authority has granted Portland Gas Limited a free zone enterprise licence to establish a Compressed Natural Gas conversion and refilling centre in the Onne Free Trade Zone, Port Harcourt, Rivers State. In a statement on Monday, the Founder and Chief Executive Officer of Portland Gas Limited, Folajimi Mohammed, said...
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Unity Bank to boost savings culture with new app

Unity Bank Plc has announced plans to launch a new app for children and teenagers to empower users to achieve their financial goals. The announcement was made during the World Savings Day training held at Emerald Fields School, Calabar, Cross River State, as part of the Bank’s nationwide initiative to mark the global event. World...
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Govt economic reforms unfruitful, say MAN, LCCI

The Organised Private Sector has supported the recent position of the International Monetary Fund that excluded Nigeria from the list of countries making notable progress in macroeconomic reforms. IMF’s Deputy Director, Catherine  Patillo, presented a report at the Lagos Business School recently and revealed that while the region’s average growth rate was pegged at 3.6...
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Shettima, others for Zenith Bank tech fair

The Vice President, Kashim Shettima, and Governor Babajide Sanwo-Olu of Lagos State are set to speak at the fourth edition of the Zenith Bank annual tech fair scheduled to be held in Lagos this week. In a statement on Monday, the bank said that the fair hosted under the theme, ‘Future Forward 4.0: Embedded Finance,...
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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...