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FMBN denies involvement in N40m mortgage scheme

The Federal Mortgage Bank of Nigeria has distanced itself from reports linking it to a N40 million mortgage pre-financing scheme offered by Housing Exchange Africa (HXAfrica). In a formal disclaimer issued on Saturday, FMBN clarified that it has not entered into any formal partnership or approved any arrangement with HXAfrica for the purported mortgage initiative....
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FG woos investors to tackle food insecurity

The Federal Government is seeking the collaboration of the private sector to help address the country’s agricultural production challenges. The Minister of Agriculture and Food Security, Abubakar Kyari, stated this via a video presentation at the Food and Energy Security in Africa Conference in Lagos, organised by White & Case in collaboration with the African...
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Ensure accurate branding, NAFDAC tells businesses

The National Agency for Food and Drug Administration and Control has called on businesses to prioritise compliance with health and safety regulations, emphasising the importance of accurate branding and proper handling of regulated products. NAFDAC Director-General, Prof Mojisola Adeyeye, represented by the Director of the Northwest Zone, Nantin Dadi, gave this charge during a panel...
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Mikano to unveil mining equipment in Abuja

Mikano Motors LHCV, the specialised division of Mikano International for Light and Heavy-Duty Construction Vehicles, has stated plans to showcase Lovol Heavy Industry Group’s cutting-edge machinery, designed to meet the demanding needs of the mining and construction sectors. The firm in a statement on Friday, said the construction vehicles will be unveiled at the Nigeria...
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No plan to remove Kyari – NNPCL

The Nigerian National Petroleum Company Limited says there is no plan to remove the Group Chief Executive Officer of the company, Mele Kyari. The spokesperson of the NNPC, Olufemi Soneye, stated this in a chat with our correspondent on Friday. Following the major shakeup in the company on Wednesday, an international newspaper reported that Kyari...
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Govt distributes vaccines to tackle livestock disease

The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, says the Federal Government has distributed 3.9 million doses of the Peste des Petits Ruminants vaccine and 7.7 million doses of the Newcastle Disease vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years. This was as he acknowledged...
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Nigeria’s inflation rose to 33.88% in October — NBS

Nigeria’s inflation rate surged to 33.88% in October 2024, up from 32.70% in September, according to the Consumer Product Index report released by the National Bureau of Statistics on Friday. The movement indicated a 1.18 per cent point increase month-on-month. On a year-on-year basis, the headline inflation rate was 6.55 per cent points higher than...
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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...