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6,047 BVN on watchlist over fraudulent activities – CBN

  Findings have revealed that the Central Bank of Nigeria has placed at least 6,047 Bank Verification Numbers of bank customers under its watchlist. According to The PUNCH, this was contained in the CBN Financial Stability June 2022 report published in December 2022. 11,871 BVNs have been added to the watch list this year as […]

Business

Prioritize access to sanitary products, P&G, NCWD tell FG

Proctor and Gamble, or P&G, has asked the federal government, civil society, and the private sector to give priority to efforts to combat the stigmatization of period health, access to menstrual health products, and hygiene education. The National Centre for Women Development, NCWD, and P&G recently worked together to increase the skills of Nigerian women […]

News

Nigerian investors gain N213bn in December

  Nigerian stocks maintained their upward trend throughout the week to post net capital gains of N213 billion during the festive period. According to the Nation, the average return on the Nigerian stock market was 0.79 percent, which corresponds to a net capital gain of N213 billion. This caused the average year-to-date return on the […]

Funke Bucknor to host 2023 TEXA business conference
featured

Funke Bucknor to host 2023 TEXA business conference

The Event Xperience Africa Conference’s organizers have announced that their third edition, with the theme “The Reset,” will take place in January, and promises to be an impactful, immersive, and educational experience for professionals and business owners in the event industry throughout Africa. In a statement, Funke Bucknor-Obruthe, conference organizer and managing director/CEO of Zapphaire […]

E-commerce

Naira notes production, destruction costs N800bn – CBN

The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has revealed that the CBN spent N800bn between 2017 and 2021 on the production, storage, transportation and destruction of the currency. According to The PUNCH, Ahmad, revealed this on Friday during her appearance before the House of Representatives. Findings by Sunday PUNCH reveal […]

News

Nigeria needs N3.7 yearly to tackle poverty – World Bank

The World Bank has revealed that Nigeria would need to spend N3.7 trillion to end the country’s rising rate of poverty. This was noted by the financial institution in its synthesis report for the Nigeria Country Economic Memorandum: Charting a New Course, which was released earlier this month. The World Bank also pointed out that […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
Oil and Gas

Senate kicks as NUPRC revoke oil field from Bayelsa

The upper chamber of the National Assembly has ordered the Nigerian Upstream Petroleum Regulatory Commission to reverse the Atala marginal oil field license revoked from Bayelsa.   Daily Trust reported that the operating licence was revoked in 2020 by the defunct Department of Petroleum Resources and re-awarded to another oil firm, Halkin Exploration and Production […]

Business

NAICOM introduces new premium motor insurance rates

The National Insurance Commission has introduced new premium rates for motor insurance in the country.   This Day reported that the commission stated, on Friday, that the new rates will take effect from January 1, 2023.   NAICOM in a circular dated December 22, 2022, signed by its Director, Policy and Regulation, Dr. L.M. Akah, […]

News

Germany lends Tunisia $319m to finance development

German state lender KfW granted $319 million to Tunisia on Friday to finance renewable energy, water, and rural development projects. According to Reuters, the agreement was signed in Tunisia’s foreign ministry. Approximately 97% of Tunisia’s electricity is generated from fossil fuels, mainly natural gas. In 2021, nearly 45% of Tunisia’s natural gas needs were met […]

News

NiMet forecasts three days haze

The Nigerian Meteorological Agency has predicted dust haze across the country from Saturday to Monday.   The News Agency of Nigeria reported that, in a report released on Friday in Abuja, NiMet’s weather outlook forecasts moderate dust haze on Saturday with a visibility range from 2km to 5km over the northern region during the forecast […]

Life Style

Pictorial: Ibukun Awosika celebrates 60th birthday

Popular Nigerian business magnate and motivational speaker, Ibukun Awosika, clocks 60, today, December 24th.   The renowned author shared pictures of herself on her Instagram page to commemorate the milestone.   With the pictures, she wrote, “Finally it’s my actual 60th birthday this day, 24th of December 2022. My joy and gratitude to God knows […]