NEWS
ATM Users Reduces As POS Agents Handle N223tn
Point of Sale terminals handled transactions worth N223.27tn in 2024, representing a significant increase from the N110.35tn recorded in 2023. This is according to data from the Central Bank of Nigeria’s quarterly statistical bulletin, which shows a continued migration from Automated Teller Machines to Point of Sale platforms for financial transactions across the country. The total number of POS transactions rose...
PWAN Refute Claims Of Poor Documentation
The Managing Director of PWAN Plus, Julius Oyedemi, has debunked online claims by real estate critic Scott Iguma, tagging them as a company that lacks proper documentation. The company, in a statement, noted that the real estate critic asserted that they sold receipts. It stated, “The online critic had further sent warnings to clients and prospective customers about some of PWAN...
“Atiku Wining Primaries Not Sole Cause Of PDP’s Decline” – Jandor
The 2023 Lagos State governorship candidate of the Peoples Democratic Party, Olajide Adediran, (a.k.a Jandor), has offered a nuanced perspective on the Peoples Democratic Party’s recent struggles, arguing that Atiku Abubakar’s victory in the 2023 presidential primary was not the sole or primary cause of the party’s decline. In an interview on Channels TV on Sunday, Jandor, who recently returned...
NiMet Forecasts Three-Day Sunshine, Cloudy Weather From Monday
The Nigerian Meteorological Agency has forecast a mix of sunny, cloudy, and rainy weather conditions across the country from Monday to Wednesday. In its weather outlook released on Sunday in Abuja, NiMet predicted sunny skies with patches of cloud over the northern region during the morning hours. NiMet said by afternoon and evening, isolated thunderstorms with moderate rain would be expected...
Osimhen To Leave Napoli, Unsure Of Next Move
Victor Osimhen is sure of not returning to Napoli ahead of next season, but the player and the club are currently at a crossroads over where he will play next season, PUNCH Sports Extra reports. According to a report via Sports Mole, Serie A champions Napoli are rooting for the Nigerian striker to join Liverpool during the summer transfer window,...
Iran Foreign Minister To Meet Putin
Iranian Foreign Minister Abbas Araghchi was due to hold “important” talks with key ally Vladimir Putin on Monday, 48 hours after a major US attack on Iran’s key nuclear facilities. Moscow is a crucial backer of Tehran, but has not swung forcefully behind its partner since Israel launched a wave of attacks on June 13, strikes that triggered Iran to...
Naira Strengthens Over CBN Intervention
The naira strengthened at the official window in the past week to 1,547/$ from 1,549/$, supported by intervention from the Central Bank of Nigeria, which injected dollars into the market to ease corporate demand pressures. Analysts also alluded the development to the resilience of the naira to foreign exchange inflows from foreign portfolio investors. Cordros Capital Limited, in an investor’s...
US Tells China To Stop Iran From Shutting Key Trade Route
US Secretary of State, Marco Rubio, urged China on Sunday to help deter Iran from shutting down the Strait of Hormuz, a crucial trade route, following American strikes on Iranian nuclear sites. “I encourage the Chinese government in Beijing to call them about that because they heavily depend on the Strait of Hormuz for their oil,” Rubio said on Fox...
Falana Criticises FG, Benue’s Failure To Prosecute Suspects
In a statement issued under the platform of the Alliance on Surviving COVID-19 and Beyond (ASCAB), which he chairs, Falana, on Sunday, lamented that although hundreds of suspects have been arrested over the years for crimes ranging from illegal possession of firearms to mass killings and kidnapping, most of them are never charged. His reaction follows President Bola Tinubu’s recent...
Petrol To Sell N1,000/Litre As Oil Price Soars
Global crude oil prices may cross $80 per barrel this week, following the major escalation in tensions between the United States and Iran, with the oil market reacting sharply to reports of coordinated US-Israeli airstrikes on key Iranian nuclear facilities. This came as marketers of petroleum products said petrol prices may soon rise to N1,000 per litre due to rising...
