Business – Page 985 – Rise Africa

PTAD clears N1.18bn in pension arrears

03.02.2025

The Pension Transitional Arrangement Directorate has cleared a total of N1.18bn in pension arrears over the past five years, from 2020 to 2024, according to data obtained from BudgIT’s accountability platform, GovSpend, on Sunday. These payments benefitted thousands of retired federal workers and are part of the government’s ongoing efforts to address long-standing pension liabilities...

PwC projects 26% inflation decline in 2025

03.02.2025

Professional services firm PwC has projected that inflation in Nigeria will drop to 26 per cent in 2025 due to tighter monetary policies. This was revealed in Nigeria’s 2025 Budget and Economic Outlook published on Thursday. The 2025 Appropriation Bill presented by President Bola Tinubu at the National Assembly projected that inflation will drop to...

NAICOM issues fresh annuity rules to insurance firms

03.02.2025

The National Insurance Commission has issued fresh regulations on annuity business with effect from February 1, 2025, in a bid to sanitise that segment of the market. An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. You get...

Address incessant aircraft incidents, NANTA urges operators

03.02.2025

The President of the National Association of Nigeria Travel Agencies, Yinka Folami, has expressed concern over the recent near-crash incidents in the aviation industry. He urged stakeholders particularly the Nigerian Civil Aviation Authority and airline operators to come together and address all safety concerns for the sake of the traveling public. Yinka, in a statement,...

Lilypond command facilitated 30,979 export containers in 2024 – Customs

03.02.2025

The Nigeria Customs Service, Lilypond Export Command, says it facilitated the export of 30,979 containers of agricultural produce and manufactured goods valued at $2.1bn in 2024. The command’s Area Controller, Ajibola Odusanya, disclosed this while addressing journalists at the command in Ijora, Lagos recently. Giving a breakdown of the $2.1bn worth of exports, he explained...

Oando’s revenue hit N4.1tn in 2024

03.02.2025

Energy company, Oando Plc, has announced a 45% increase in its revenue, which hit N4.1tn at the end of 2024 compared to N2.9tn in the previous year. This was revealed in its Unaudited Interim Consolidated and Separate Interim Financial Statements filed with the Nigerian Exchange Limited on Friday. In the Q4 2024 financial year, Oando...

Retailers now lifting fuel from P’Harcourt, Warri refineries — PETROAN

03.02.2025

The Petroleum Products Retail Outlet Owners Association of Nigeria says its members are now loading petroleum products from the Port Harcourt and Warri refineries. PETROAN said this is contrary to previous doubts that the refineries owned by the Nigerian National Petroleum Company Limited were not fully operational. PETROAN’s spokesman, Joseph Obele, disclosed this in a...

23,673 disengaged workers withdraw N33bn from pension savings – PenCom

03.02.2025

The National Pension Commission has disclosed that 23,673 disengaged workers withdrew a total of N33.43bn from their Retirement Savings Accounts in the third quarter of 2024. The withdrawals were made under the provisions of the contributory pension scheme, which allows workers who lose their jobs to access up to 25 per cent of their pension...

FG to empower 500,000 rice farmers – AFAN

03.02.2025

The price of rice in Nigeria is set to decrease as the Federal Government steps up its efforts to support local farmers, particularly those engaged in rice production. In an exclusive interview with our correspondent, the President of the All Farmers Association of Nigeria, Kabir Ibrahim, disclosed that the National Agricultural Growth Scheme – Agro...

Non-competitive goods undermine Nigeria’s BRICS ambitions – Technoglass CEO

03.02.2025

The Chief Executive Officer of Technoglass Industries Ltd and national council member of the Manufacturers Association of Nigeria, John Aluya, speaks to ARINZE NWAFOR on Nigeria’s export prospects following the BRICS partnership and the global competitiveness of local products Nigeria recently joined BRICS as a partner country. How strategic is this partnership to the country’s...

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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

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

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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Latest News

PTAD clears N1.18bn in pension arrears

PwC projects 26% inflation decline in 2025

NAICOM issues fresh annuity rules to insurance firms

Address incessant aircraft incidents, NANTA urges operators

Lilypond command facilitated 30,979 export containers in 2024 – Customs

Oando’s revenue hit N4.1tn in 2024

Retailers now lifting fuel from P’Harcourt, Warri refineries — PETROAN

23,673 disengaged workers withdraw N33bn from pension savings – PenCom

FG to empower 500,000 rice farmers – AFAN

Non-competitive goods undermine Nigeria’s BRICS ambitions – Technoglass CEO

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I apologise for saying no heaven without tithe – Adeboye

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I apologise for saying no heaven without tithe – Adeboye

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