By Ayomide Otitoju World Health Organization (WHO) Director-General Dr. Tedros Adhanom Ghebreyesus and WHO Regional Director Dr. Hanan Balkhy concluded a two-day mission to Port Sudan, where they reiterated WHO’s commitment to aiding all Sudanese in need amid an extreme health and humanitarian crisis. They also called on the international community to act urgently to…
By Ayomide Otitoju Stanbic IBTC Holdings Plc reported a significant 71% jump in profit after tax to N116.36 billion in the first half of 2024, up from N67.92 billion in the corresponding period of 2023. The figures were disclosed in the bank’s consolidated and separate financial statements for the six months ended June 30, 2024,…
The Trade Union Congress (TUC) has urged the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) to grant the Nigerian National Petroleum Company Limited (NNPCL) a special foreign exchange rate to reduce fuel costs. According to the TUC, if NNPCL were given a special rate of around ₦1,000/$ instead of the official…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) and Chevron Nigeria Ltd. have successfully completed the conversion of five joint venture assets in alignment with the Petroleum Industry Act (PIA) of 2021. The milestone is expected to significantly boost crude oil production, with a target of 165,000 barrels per day by the end…
Guaranty Trust Bank Ltd, a subsidiary of Guaranty Trust Holding Company Plc (GTCO), has been named the Best Bank for Corporate Social Responsibility (CSR) in Nigeria at the prestigious Euromoney Awards for Excellence 2024. In a statement released to The PUNCH on Sunday, GTCO highlighted its commitment to CSR, showcasing how the bank’s initiatives go…
Nigeria’s agricultural sector spearheaded the remarkable growth in Company Income Tax (CIT) during the second quarter of 2024, recording an impressive 474.50% quarter-on-quarter increase, according to a report released on Monday by the National Bureau of Statistics (NBS). The report shows that CIT for Q2 2024 reached N2.47 trillion, reflecting a substantial 150.83% rise from…
For the first time, Vice President Kamala Harris and former President Donald Trump will meet in person, offering millions of Americans a front-row seat to their highly anticipated debate. The Democratic vice president and Republican former president are set to square off in Philadelphia on Tuesday in what could be their only televised face-off before…
Former Vice President Atiku Abubakar has criticized the federal government’s plan to raise the Value Added Tax (VAT) from 7.5% to 10%, warning that the move would worsen Nigeria’s cost-of-living crisis. In a statement posted on his X handle on Sunday, Atiku described the policy as a “blazing inferno” that would consume the very essence…
The National Agency for Food and Drug Administration and Control (NAFDAC) has raised alarm over the activities of Christ Mercy Land Deliverance Ministries, led by Prophet Jeremiah Fufeyin, accusing the religious organization of using the agency’s name to mislead the public. In a statement issued on Sunday, NAFDAC’s Director General, Prof. Mojisola Adeyeye, clarified that…
