First Edition of the Tastemakers Wine Series Hosted by Vendease

Fashion

Davido collaborates with PUMA to create a new clothing line

Superstar afro beats singer, David Adeleke, professionally known as Davido, has announced the release of his highly-anticipated PUMA collection. The singer, who has been absent from the public scene for several months, returned with new projects set to be rolled out in the coming weeks. The singer announced that his fashion collection created in partnership with popular fashion brand, PUMA, is set…
Read more
Banking

Total volume of bank loans to the government N28.43 trillion

Banks’ credits to the government rose by N3.77tn in the first two months of 2023. Figures obtained from the Central Bank of Nigeria revealed that the total government credit which ended December 2022 at N24.66tn rose to N28.43tn as of the end of February 2023. The CBN…
Banking

Banks increase cash withdrawal limits to reduce queues

Deposit Money Banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials. The move, it was learnt, would help bank branches to tackle lingering queues in some cities across the…
Banking

Banks confirm receiving more cash, load ATMs

The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents. The CBN had on Thursday begun the release of billions of naira to DMBs. Bank officials said the CBN again released several billions of naira to lenders…
Read more
Aviation

Airfares soar as foreign airlines hike exchange rate

International airfares on Nigerian routes have gone up further by over 20 per cent after foreign airlines raised the exchange rate for ticket sale from N462 per dollar to N551 per dollar, findings by The PUNCH have revealed. International travellers on Nigerian routes have…
Agriculture

The UK is committed to building a strong climate change infrastructure.

The United Kingdom has reiterated its commitment to mitigating the effects of climate change in Nigeria. According to a statement, British Deputy High Commissioner, Ben Llewellyn-Jones, said this at a climate action event in the celebration of Commonwealth Day which was held at Lufasi Park in Lagos. He observed that the impacts of climate change were currently being felt, adding that it was…
Read more
Technology

Gender equality will improve GDP by 50% – NITDA

The National Information Technology Development Agency said that gender equality in the digital space could increase the Gross Domestic Product of the country by over 50 per cent. The Director-General NITDA, Kashifu Inuwa said this on Friday at the closing ceremony of its…
Blockchain

Faster Internet expected as broadband hits 50%

Broadband penetration is set to hit 50 per cent before the end of 2023, expanding fast Internet access to Nigerians. In the Nigerian National Broadband Plan (2020 – 2025), the Federal Government set a 50 per cent broadband penetration target for 2023. In its policy…
Banking

EFCC Arrests PoS Ondo Operators for Trading Naira notes

Officials of the Economic and Financial Crimes Commission were caught in several local government areas in South and North Akure, Ondo Province, and point of sale operators suspected of selling overpriced naira were arrested. On Friday and Saturday, the Anti-Corruption Commission reportedly arrested dozens of operatives. The suspects were alleged of buying cash from banks and selling the notes…
Read more