BUSINESS

  • Slow economic growth hindering forex inflow – MAN
    by Deborah Dan-Awoh on December 2, 2022 at 2:00 am

    The Manufacturers Association of Nigeria has expressed concern that the slow growth in the economy is hindering the prospect of establishing a strong fiscal space and buoyant foreign reserve. In a statement issued on Wednesday and made available to The PUNCH, the association claimed that despite the higher oil prices as well as the improvement Read More

  • Digital payment evolution crucial for SMEs growth – Visa
    by Deborah Dan-Awoh on December 2, 2022 at 1:48 am

    Visa, a payment solution for individuals and businesses has said  around the world, investment into digital transformation is paving the way for growth across Central Europe, Middle East and Africa region and thus Small and medium sized businesses must embrace this digital pay order. Visa disclosed this in a report titled: Destination Digital: A Spotlight Read More

  • Army silent as court jails COAS over contempt
    by Solomon Odeniyi on December 2, 2022 at 1:25 am

    The Nigerian Army has declined response after a court ordered the remand of the Chief of Army Staff, Lt. Gen. Faruk Yahaya, and the Commandant, Training and Doctrine Command, Minna, Major Gen. Stevenson Olabanji, for alleged contempt. A High Court sitting in Minna, Niger State, had issued a warrant of arrest and subsequent remand of Read More

  • Aisha: NANS plans protest, tweeps knock critic
    by Our Reporters on December 2, 2022 at 1:20 am

    The National Association of Nigerian Students has said it will embark on a nationwide protest if the detained student of the Federal University of Technology, Dutse, Jigawa State, Aminu Muhammed, is not released. Mohammed was allegedly arrested and detained on the orders of the wife of the president, Aisha Buhari. The 24-year-old had tweeted back Read More

  • Abia judge threatened over APGA gov judgment
    by Sunday Nwakanma on December 2, 2022 at 1:18 am

    Justice Evelyn Anyadike of the Federal High Court, Umuahia, Abia State, on Wednesday, said she received threats not to deliver ruling on the dispute over the governorship candidate of the All Progressives Grand Alliance in the state. An aspirant, Gen. Ijioma Ijioma, had dragged the governorship candidate of the party, Pro. Greg Ibe, before the Read More

  • Oyetola, Adeleke disagree over N76bn unpaid salaries, pensions
    by Bola Bamigbola on December 2, 2022 at 12:40 am

    The Osun State Government has said the immediate past administration left a debt portfolio of N76bn in unpaid salaries, pensions, and insurance commitments. A statement by the spokesperson for the governor, Olawale Rasheed, obtained in Osogbo on Thursday, said the figure was given by the Permanent Secretary, Ministry of Finance, Mrs Bimpe Ogunlumade, while briefing Read More

  • Govs stealing LG funds, says Buhari, NULGE backs President
    by Our Reporters on December 2, 2022 at 12:38 am

    The National Union of Local Government Employees on Thursday backed the Federal Government’s stance that state governors were looting local government allocation. The President, Major General Muhammadu Buhari (retd.), had said the stunted development experienced at the local government level was caused by governors and local government officials who “pocket” public funds. Buhari flayed the Read More

  • Lecturers block road, say Gbajabiamila’s intervention unfruitful
    by Our Reporters on December 2, 2022 at 12:35 am

     Members of the Academic Staff Union of Universities on Thursday continued to protest in their respective institutions as directed by the union’s national body. The peaceful protests held in different chapters to show displeasure at the withheld salaries of the union members after their eight-month strike. Lecturers at the Nnamdi Azikiwe University, Awka, blocked the Read More

  • Kano anti-graft agency denies assault
    by Tukur Muntari on December 2, 2022 at 12:34 am

    News on Wednesday night filtered in of an alleged assault on the Kano State Public Complaints and Anti-Corruption Commission’s suspended Chairman, Muhuyi Rimin-Gado, by the commission’s operatives. Two men from the agency were said to have stormed Rimin-Gado’s house in Sharada around 6.30pm in a tinted car, saying they had come to arrest him. A source Read More

  • Ogun PDP: Adebutu bounces back, Lawal’s appeal dismissed
    by Friday Olokor on December 2, 2022 at 12:33 am

    A Federal High Court in Abuja on Thursday dismissed a suit filed by an aspirant of the Peoples Democratic Party in Ogun State, Jimi Lawal, challenging the nomination of Oladipupo Adebutu as the party’s governorship candidate for the 2023 elections. The court held, among others, that Lawal failed to prove his claim that the PDP’s Read More

  • NASS clerk appointment crisis worsens, workers issue ultimatum
    by Leke Baiyewu on December 2, 2022 at 12:31 am

    The legitimacy of having two occupants in the Office of the Clerk to the National Assembly is currently the subject of controversial discussion, The PUNCH has learnt. The National Assembly Service Commission has already been granted one week by federal parliament workers to choose the substantive Clerk for the National Assembly. Several senior officials of the National Read More

  • Woman allegedly sponsors boyfriend’s UK trip with stolen funds
    by Naomi Chima on December 2, 2022 at 12:30 am

    A 27-year-old woman, Busayo Alagbe, has been arraigned before the Yaba Magistrates’ Court, Lagos State, for allegedly forging bank documents and robbing her employer, Bridgeway Ventures, of N4.5m in the state. Alagbe was charged with three counts bordering on the conversion of employer funds, stealing and forgery. The prosecutor, Godwin Oriabure, said the defendant committed Read More

  • I know the way to prosperity, says Tinubu
    by Our Reporters on December 2, 2022 at 12:30 am

    The All Progressives Congress presidential candidate, Bola Tinubu, has called on the people of Bayelsa State to vote for him in the 2023 general elections, saying he knows the way to the prosperity of the country. Tinubu spoke on Thursday at the APC presidential rally held at the Ox-Bow Lake Pavilion, Yenagoa, amidst tight security Read More

  • AIDS-related deaths have reduced in Nigeria, says FG
    by Our Reporters on December 2, 2022 at 12:29 am

    The Secretary to the Government of the Federation, Boss Mustapha, on Thursday, said the AIDS-related deaths in the country declined from 264,463 in 2015 to about 51,000 in 2022. Mustapha stated this at an event in Abuja in commemoration of the World AIDS Day with the theme, ‘Equalize to End AIDS: Equal access to Treatment Read More

  • N260m fraud: Ex-Zamfara varsity VC jailed 35 years
    by Abiodun Sanusi on December 2, 2022 at 12:28 am

    The Economic and Financial Crimes Commission on Thursday secured the conviction of a former Vice Chancellor of the Federal University, Gusau, Zamfara State, Professor Magaji Garba. The anti-graft agency, in a statement, noted that Justice Maryam Aliyu of the Federal Capital Territory High Court, Garki, Abuja, found him guilty of five counts bordering on obtaining Read More

  • Akwa Ibom YPP gov candidate jailed 42 years
    by Patrick Odey on December 2, 2022 at 12:26 am

    Senator Bassey Akpan, the governorship candidate of the Young Progressives Party in Akwa Ibom State, has been sentenced to 42 years in prison for corruption by the Federal High Court in Uyo on Thursday. The presiding judge, Justice Agatha Okeke, convicted the candidate on six counts bordering on money laundering, including graft. The YPP candidate Read More

  • Stop using thugs, security adviser warns govs
    by Stephen Angbulu on December 2, 2022 at 12:25 am

    The National Security Adviser, Major General Babagana Monguno (retd.), on Thursday, warned state governors against using thugs to prevent opposition parties from mounting campaign materials in their states, saying security agencies would neutralise such agents. Monguno spoke at the 60th session of the State House Ministerial Media Briefing organised by the Presidential Communications Team at Read More

  • Politicians behind attacks on INEC facilities – Jega
    by Friday Olokor on December 2, 2022 at 12:20 am

    A former Chairman of the Independent National Electoral Commission, Attahiru Jega, has blamed reckless politicians for attacks on INEC facilities across the country. Jega said the Federal Government must protect the commission to discharge its duties. He spoke during an interview with journalists during the public presentation of a book titled, ‘Post-Election Assessment of Conflict Management Read More

  • Priorities of Indian presidency of G20
    by Samuel Bolaji on December 2, 2022 at 12:15 am

    Today, India commences its G20 Presidency. The previous 17 Presidencies of the G20 delivered significant results — for ensuring macro-economic stability, rationalising international taxation, relieving debt-burden on countries, among many other outcomes. We will benefit from these achievements, and build further upon them. However, as India assumes this important mantle, I ask myself: can the Read More

  • History will remember Obasanjo for great things – Jonathan
    by Abiodun Sanusi on December 2, 2022 at 12:05 am

    Former President Goodluck Jonathan has lauded his predecessor, ex-President Olusegun Obasanjo, for his contribution to politics and global diplomacy through his letters. Jonathan stated this on Thursday in a speech delivered by his aide and a former Minister of Aviation, Osita Chidoka. Chidoka read the speech during the launch of a book titled, ‘The Letterman,’ authored Read More

  • Suspected arsonists burn another Osun palace
    by Bola Bamigbola on December 2, 2022 at 12:00 am

    Some suspected arsonists on Thursday set ablaze a section of the Palace of Aree of Iree, Osun State. The incident was the second of such that would occur in the state in the last nine days following last Wednesday’s burning of the palace of Akinrun of Ikirun, where a man, Lukman Olatunji, was also shot Read More

  • Four suspects butcher Edo man, burn corpse
    by Farida Mohammed on December 1, 2022 at 11:59 pm

    Operatives of the Edo State Security Network have arrested four suspects for allegedly butchering a man and burning his corpse in the Benin area of the state.  The coordinator of the security outfit, Col. Kole Omomia (retd.), while confirming the incident in a statement, said the corpse was found at the former School of Nursing Read More

  • Don’t trivialise sexual violence, Lagos govt urges police
    by Victor Ayeni on December 1, 2022 at 11:59 pm

    The  Lagos State Government has urged officials of the Nigeria Police Force to not trivialise cases of sexual and domestic violence against women and girls reported at their stations. The state Commissioner for Women Affairs and Poverty Alleviation, Mrs Cecilia Dada, made the plea on Thursday during a media parley organised by the ministry in Read More

  • Tangerine partners Cosharis to boost car insurance
    by Anozie Egole on December 1, 2022 at 11:59 pm

    Tangerine Africa, has announced a partnership with Cosharis Motors to leverage innovation that will make insurance more accessible in the automobile sector of the country. Addressing journalists recently in Lagos, the Group Executive Director, Commercial of Tangerine Africa, Yewande Adewusi, said the company through its new partnership with Cosharis motors is committed to leveraging technology Read More

  • Aero promises to overcome industry challenges
    by Funmilayo Fabunmi on December 1, 2022 at 11:59 pm

    The management of the indigenous airline, Aero Contractors, on Thursday said it will recommence flight operations on December 5, assuring stakeholders that it is now well positioned to overcome the challenges confronting the country’s aviation industry. The Managing Director, Capt Ado Sanusi while speaking to the media said the airline will recommence operations with B737 Read More

  • Nigerian startup launches operations
    by Henry Falaiye on December 1, 2022 at 11:58 pm

    Nigerian tech startup, Abode Asset Limited, has officially launched its business initiative that promotes wealth creation through fractional ownership of high-yielding assets across Nigeria and the African continent. The launch, tagged ‘The Slice’, was held in Lagos and saw over 250 on-site and about 100 online participants in attendance. Speaking with the media after the Read More

  • UNEP calls for empowerment of SMEs
    by Henry Falaiye on December 1, 2022 at 11:58 pm

    United Nations Environment Programme has stated that to overcome today’s challenges which include climate change, nature loss, pollution, and the post-COVID-19 recovery, it is crucial to empower micro, small and medium-sized enterprises. It noted that SMEs are the game-changers of the transition towards more sustainability and circularity. Despite their contribution, however, they are frequently overlooked Read More

  • Experts fault INEC for publicising BVAS deployment
    by Gift Habib on December 1, 2022 at 11:58 pm

    The Independent National Electoral Commission has been criticised for disclosing the deployment of the bimodal voter accreditation system to states. In advance of the general election in 2023, the commission started airlifting the BVAS machines to the states on Wednesday. On INEC’s Twitter account, images from the event were posted. However, several experts, who spoke Read More

  • Baba-Ahmed hails Shettima’s ‘improved dress sense’
    by Adebayo Folorunsho-Francis on December 1, 2022 at 11:52 pm

    The vice presidential candidate of Labour Party, Datti Baba-Ahmed, has sarcastically applauded his counterpart in the ruling All Progressives Congress, Senator Kashim Shettima, over his “improved dress sense” to public functions. The APC vice presidential candidate, who stood in for his principal, Bola Tinubu, was mocked on August 22 for dressing in an oversized suit-and-sneakers Read More

  • Nigeria loses huge revenue as importers lament tough policies, dump ports
    by Anozie Egole on December 1, 2022 at 11:38 pm

    Bad policies and the government’s failure to implement some policies that will boost the efficiency of the ports in the country have made Nigerian importers divert their cargoes to neighbouring ports. ANOZIE EGOLE looks at the implications this has been on the country’s revenue Although the Nigerian maritime industry is estimated to be worth over Read More