NEWS
Bank Workers Blame CBN As Cash Shortage Worsens
The Association of Senior Staff of Banks, Insurance, and Others has attributed cash shortages to CBN’s inability to meet the cash demands of banks. Speaking with The Punch, ASSBIFI President, Olusoji Oluwole, highlighted the dire impact of the scarcity, particularly as the festive season approaches, with increased demand for cash for shopping and business transactions. “In terms of the cash scarcity,...
RMAFC, Tinubu Panel Differ On VAT Sharing Formula
RMFAC and the Presidential Fiscal Policy and Tax Reforms Committee are stuck in a legal battle over the distribution of value-added tax revenues. While both entities support the need for tax reforms, their positions differ sharply on the constitutional interpretation and implications for revenue sharing. The RMAFC has maintained that VAT allocation should strictly adhere to the principles of fairness and...
Sir Nna Anya Okoro Set For Burial December 18th, 19th In Ohafia (See Poster)
The family of Sir Nna Anya Okoro (KSC) has announced plans for the final farewell to their beloved patriarch, who passed away at the age of 78. Known for his outstanding contributions to education, community development, and faith, Sir Okoro will be laid to rest in his hometown of Elu Ohafia, Ohafia Local Government Area of Abia State. Burial Arrangements: ...
N2.7tn Debt: Nigerians Face Blackout As Gas Producers Cut Supply To Gencos
Wholesale gas producers have abruptly stopped supplying natural gas to power generation companies due to unpaid debts from past supplies. The Chief Executive Officer of the Association of Power Generation Companies, Dr. Joy Ogaji, disclosed the latest development in an exclusive interview with The Punch on Wednesday, stressing that the gas-producing companies have formally notified all GenCos of the suspension...
Defence Minister Supports Tinubu’s Economic Reforms
The Minister of State for Defence, Dr. Bello Matawalle, has said that President Tinubu's robust economic reforms are yielding significant results. This is contained in a statement released on Thursday in Abuja by the Director, Information and Public Relations, Ministry of Defence, Mr. Henshaw Ogubike. Matawalle said that these policies, which include the new tax reforms and several key achievements across...
Abia First Lady Appeals Support For Gender-Based Violence Victims
Mrs. Priscilla Otti, the wife of Abia State's governor, has urged all parties involved to band together in the fight against injustice and violence that disproportionately impact women and girls in society. Otti made the call on Tuesday during a summit to mark the end of the year 2024, 16 days of activism against gender-based violence held in Umuahia, the...
ECOWAS Ministers Meet In Abuja Over Security, Trade Issues
The ECOWAS Commission headquarters in Abuja hosted the 93rd ordinary session of the Council of Ministers of the Economic Community of West African States (ECOWAS) on Thursday. The session, chaired by Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, addressed critical governance, economic policies, and regional integration issues. ECOWAS President Omar Touray, in his opening address, hailed President Bola Tinubu and the...
Shettima Presides Over NEC Meeting
Vice President Kashim Shettima is presiding over the 146th meeting of the National Economic Council at the State House, Abuja. The meeting began at about 12:06 pm after Shettima arrived at the venue, the Council Chamber of the State House, Abuja. PUNCH Online reports that Thursday’s NEC meeting is arguably the last for 2024. Members are expected to consider issues ranging from...
NDDC Set To Complete 2-Kilometer Road In Rivers
The Niger Delta Development Commission's Managing Director, Dr. Samuel Ogbuku, has promised that the commission will soon finish the two-kilometer double-lane Kaa-Ataba road with two bridges in Rivers State's Khana and Andoni Local Government Areas. Ogbuku gave assurance during an inspection of a 1.2-kilometer-long bridge on the road, accompanied by the NDDC Executive Director, Projects, Victor Antai, and other Directors...
FRSC Disclaims ‘Peace Ambassador’ Number Plates
FRSC dissociates itself from any collaboration with the Wazobia Conflict Resolution and Peace Initiative on "Peace Ambassador" license plates. The disclaimer is contained in a statement issued on Thursday in Abuja by the Corps Public Education Officer, Olusegun Ogungbemide. Ogungbemide said that the disclaimer was also part of the FRSC’s efforts to clarify its stance on the use of unauthorised number plates. He described...
