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Three banks to raise over N500bn in rights issue

26.11.2024
As the second set of banks enter the capital market to raise additional funds to meet the new capital base requirement by the Central Bank of Nigeria, rights issues appear to be the preferred option. Already in the market with a N150bn rights issue is FBN Holdings with 5,982,548,799 ordinary shares of 50 kobo each...
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Equity market gains N77bn, nears N60tn capitalisation

26.11.2024
The Nigerian equity market recorded a gain of N77bn in the past week, bringing the total market capitalisation closer to the anticipated N60tn threshold. The market capitalisation is currently N59.29tn. The All-Share Index appreciated by 0.11 per cent to close at 97,829.02 points, reflecting positive market sentiment. A total turnover of 1.95bn shares worth N35.86bn...
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NACCIMA cautions against arbitrary taxation on businesses

26.11.2024
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has expressed concerns over the long-term implications of arbitrary taxation on businesses and the nation’s economy. Speaking at the 45th Trade Fair hosted by the Kano Chamber of Commerce, Industry, Mines, and Agriculture, NACCIMA President, Dele Oye, emphasised that high taxes hinder innovation, stifle...
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Gov Sule Hails Founder Of Phoenix University Agwada

25.11.2024
…Describes University as World-Class Private University Nasarawa State Governor, Abdullahi Sule on Monday hailed the former governor of the state and founder of the first Indigenous private university, Phoenix University Agwada, Sen. Abdullahi Adamu, for the establishment of the university, describing the institution as one of the best private universities in the country. He spoke...
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Lagos 2025 Budget Scales Second Reading

25.11.2024
…Speaker gives committee 1 month to report back The Lagos State House of Assembly on Monday debated the 2025 appropriation bill of N3.005 trillion presented to the lawmakers by Governor Babajide Sanwo-Olu last Thursday. The Speaker of the House, Rt. Hon. Mudashiru Obasa, who presided over the plenary, committed the bill to a joint committee...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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