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AMCON celebrates Aero’s 18% profit

06.12.2024
The Asset Management Corporation of Nigeria has celebrated Aero Contractors’ financial turnaround, highlighted by an 18 per cent profit margin in 2024 and a 33 per cent reduction in liabilities. This marks an improvement from the -69 per cent loss the airline recorded in 2022. Speaking with media executives in Lagos on Thursday, the Managing...
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CIBN confers fellowship on Cardoso, Sanwo-Olu

06.12.2024
The Chartered Institute of Bankers of Nigeria has conferred fellowship of the institute on the Governor of the Central Bank of Nigeria, Olayemi Cardoso and the governor of Lagos State, Babajide Sanwo-Olu. The fellowship was conferred on the duo at the 59th Annual Bankers Dinner of the Institute held in Lagos, recently. CIBN said Cardoso...
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Terminal operator gets recognition

06.12.2024
The Comptroller General of Customs, Adewale Adeniyi, has recognized the West Africa Container Terminal, owned by APM Terminals Nigeria, as the “Best Terminal Operator” at the CGC’s Awards ceremony held in Abuja recently. In a statement issued on Wednesday, WACT-APM Terminals Nigeria highlighted that the award reflected its exceptional performance and significant contributions to Nigeria’s...
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Ogun disburses N3bn to 54,000 women

06.12.2024
The Ogun State Government has disbursed over N3bn in individual livelihood grants to 54,000 women as part of efforts to empower women and boost economic activities. Ogun State Deputy Governor Noimot Salako-Oyedele announced this during the recently held flag-off of the Livelihood Collective Operational and the handover of Collective Groups to the Ministry of Women...
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Customs boost cargo transactions with new platform

06.12.2024
The Nigeria Customs Service, Port Terminal Multiservices Limited Command, has announced the integration of 25 banks into the B’Odogwu platform to address delays in transaction processes and other challenges being faced during cargo clearance at the ports. Speaking at a press conference on Wednesday, the PTML Customs Area Controller, Tenny Daniyan, disclosed that the platform...
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Red Star, others drag NGX to N32bn loss

06.12.2024
The dip recorded by Red Star Express, FTN Cocoa Processors, and 14 other companies resulted in the Nigerian Exchange losing N32bn on Thursday. The local bourse’s All-Share Index shed 0.06 per cent to close at 98,114.11 and the market capitalization stood at N59.5tn at the end of the day’s trading session. Investors traded 722.99 million...
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Stanbic IBTC Pension announces digital channel downtime

06.12.2024
Stanbic IBTC Pension Managers Limited has announced the early closure of some branches and a temporary disruption of its digital services due to a planned system maintenance exercise. The company disclosed in an E-mail sent to its customers on Wednesday that affected branches would close by noon, December 6, while its contact centre would remain...
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Qore recognises Moniepoint as best fintech

06.12.2024
Moniepoint has been named the “Overall Best Fintech in Digital Banking Solution Delivery” in the OFI Category at the NEXUS 2024 awards, organised by Qore. The recognition, disclosed in a statement on Wednesday, underscores the company’s contributions to transforming digital banking services and promoting financial inclusion across Nigeria and Africa. The award was presented during...
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Auction seized 753 duplexes, housing group urges govt

06.12.2024
The Housing Development Advocacy Network has called for the auction of the 753 duplexes seized by the Economic and Financial Crimes Commission recently. In a statement, the group called for the government to auction the properties transparently and channel the proceeds into social housing for Nigerians. The Executive Director of the Housing Development Advocacy of...
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Naira sustains gains on new EFXM platform

06.12.2024
The naira has continued to strengthen on the official trading window, the Nigerian Autonomous Foreign Exchange Market, as the Central Bank of Nigeria launched the new Electronic Foreign Exchange Matching System this week. According to data on the CBN website on Thursday, the naira closed trading at 1,567/$ compared to the closing rate of Wednesday...
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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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