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CBN to sell $25,000 to BDCs weekly

06.02.2025
The Central Bank of Nigeria has issued new guidelines restricting Bureau de Change operators to purchasing a maximum of $25,000 per week from a single authorised dealer bank as part of efforts to regulate the retail foreign exchange market and enhance transparency. The directive, outlined in a circular on Wednesday from the Trade and Exchange...
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Tourism firm advocates policy support for sector

06.02.2025
The Chairman of the Board of Directors of Dees Travels, Professor Sunday Adebisi, is drumming up support for tourism policies to unlock the sector’s potential. Speaking at the sideline of the company’s get-together party, organised for its management, staff, stakeholders, and shareholders in Lagos recently, Adebisi observed that Nigeria has what it takes to conveniently...
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Govt releases power tariff hike guidelines for Discos

06.02.2025
As controversies trailed the purported electricity tariff hike by the Federal Government, the Nigerian Electricity Regulatory Commission has issued regulations on the procedure for tariff reviews. The latest order, signed by NERC Chairman, Sanusi Garba, stated that pursuant to the provisions of the Electricity Act 2023, the commission is obligated to review and approve a...
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Excess liquidity hurts push for lower inflation

06.02.2025
SAMI TUNJI examines Nigeria’s rising inflation crisis, the impact of excess liquidity, among other factors, further spotlighting efforts by the Central Bank of Nigeria to curb it through monetary tightening, stressing the need for fiscal-monetary coordination, structural reforms, and enhanced financial discipline to stabilise Nigeria’s economy Nigeria’s battle with inflation remains one of the most...
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AFRILAND Properties appoints new CEO

06.02.2025
Afriland Properties Plc has appointed Azubike Emodi as its new Managing Director and Chief Executive Officer. According to a statement, Emodi succeeds Uzo Oshogwe, who has led the company as its founding MD/CEO since 2013 and was recently appointed CEO of Transcorp Hotels Plc. Emodi brings over 20 years of experience spanning financial services, real...
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Trump’s energy policies threaten Nigeria’s oil revenue —CPPE

06.02.2025
The Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, has warned that the renewed push for increased oil production under United States President Donald Trump’s energy policies could have severe consequences for Nigeria’s economy, warning that falling global crude prices may significantly weaken government revenues. Trump’s pro-oil agenda, which includes...
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Body Shop debuts in Nigeria

06.02.2025
The United Kingdom’s iconic beauty brand, the Body Shop, has launched its entry into Nigeria, marking a significant milestone in the country’s retail and skincare industry. The first store is set to open at Jabi Lake Mall, Abuja, on March 8, 2025. According to a statement, for years, Nigerians have embraced The Body Shop’s ethically...
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Govs to grace investiture of NIM’s 25th President

05.02.2025
The Secretary to the Government of the Federation, Senator George Akume, and the Governor of Lagos State, Babajide Sanwo-Olu, are billed to play the roles of Special Guest of Honour and Chairman, respectively, at the investiture of Commodore Abimbola Ayuba (Rtd.) as the 25th President and Chairman of Council of the Nigerian Institute of Management...
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Customs intercept N4.2bn donkey skin in Lagos

05.02.2025
The Nigeria Customs Service, Federal Operations Unit Zone, Ikeja, announced that it intercepted a 40-foot container carrying 4,410 pieces of dry donkey skin worth N4.2bn on Monday in Lagos. Addressing journalists at the Command in Ikeja on Tuesday, the Customs Area Controller in charge of FOU A, Kola Oladeji, disclosed that 21 units of exotic...
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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...

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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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