As Nigerians prepare to celebrate Easter with loved ones across the country, leading mobile money operator Smartcash Payment Service Bank (PSB) has announced an easier system by which customers may upgrade their wallets from Tier 1 to Tier 3 for a smooth, cashless, and stress-free holiday experience. Offering improved security, access, and reliability, the Smartcash …
CBN Governor, Legal Chief Sued Over Unpaid N220m
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the bank’s Director of Legal Services, Salam-Alada Kofo, are facing a contempt suit at the Federal High Court in Abuja for allegedly failing to fully comply with a Supreme Court judgment. Melrose General Services Limited, the applicant, filed the …
Reps Order Remita To Return N182bn Held Since 2015
The House of Representatives Public Accounts Committee has ordered financial technology firm Remita to refund N182.77 billion to the federal government. The amount is said to have been withheld from the Treasury Single Account (TSA) since 2015. The directive was issued on Wednesday during a committee session in Abuja, following the presentation …
Petrol May Drop To N800 As Oil Prices Fall
The pump price of Premium Motor Spirit (petrol) could fall to around N800 per litre in the coming weeks or months, according to oil marketers and industry analysts. This projection is fueled by declining global crude oil prices and the full return of the naira-for-crude arrangement with local refiners. This …
FRC: Nigeria Needs 2,000 Actuaries For Financial Growth
The Financial Reporting Council of Nigeria (FRC) has highlighted the urgent need for at least 2,000 actuaries to support the country’s growing financial sector. Currently, Nigeria has just 28 qualified actuaries—a number the FRC says is far too low for a nation of its size and economic potential. Speaking at …
Dangote Cement, Seplat, UBA Shine At Corporate Awards
Dangote Cement has clinched the platinum award at the second edition of the Corporate Reporting Award for its outstanding 2023 financial disclosures. MTN Nigeria earned the gold award, while Seplat Energy was named runner-up. The award ceremony, organized by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation …
Access Holdings Reports N642.2bn Profit For 2024
Access Holdings Plc reported a profit after tax of N642.2 billion for the financial year ended December 31, 2024 — representing a 4% increase from the N619.3 billion recorded in 2023. According to the group’s audited financial results released on the Nigerian Exchange Limited on Wednesday, gross earnings surged by 88% to …
Air Peace Celebrates Woman’s First Flight From Abia Village
Allen Onyema, the founder of Air Peace, has celebrated Ms. Gold Chinyere-Ike, recognized as the first woman from Umuerim Umukparo in Mbala, Umunneochi Local Government Area of Abia State, to travel by air. This recognition was announced in a statement signed by the airline’s Head of Corporate Communications, Ejike Ndiulo, and shared with The PUNCH …
Dangote Cuts Petrol Price Again To N835 Per Litre
After recently slashing its petrol loading price by ₦15, Dangote Refinery has further reduced the cost of its refined products, bringing the ex-depot rate down to ₦835 per litre. This new price, confirmed through a customer notice and a Pro forma invoice seen by our correspondent, is ₦30 lower than the ₦865 rate …
Ghana orders foreigners to exit gold market by April 30
Ghana has ordered all foreign entities to exit its gold trading market by April 30, as the country implements a new framework aimed at boosting national earnings, curbing smuggling, and streamlining gold purchases from small-scale miners. The West African nation, which holds the title of Africa’s leading gold producer, is moving away from a system …