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Procold unveils new packaging at 97th annual PSN conference

At the 97th Annual Conference of the Pharmaceutical Society of Nigeria in Uyo, Procold unveiled what it called a fresh and modernised look, marking an exciting new chapter for the “beloved” cold relief brand. The updated branding, anchored in the theme, ‘Fresh Look, Same Efficacy’, underscores Procold’s decades-long commitment to reliability and innovation in healthcare....
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Dangote Cement plans N300bn bond issuance

Dangote Cement Plc has announced plans to issue its Series I bonds under its N300bn multi-instrument issuance programme. This was contained in a recent statement by the company. Dangote Cement Plc said it has obtained approval from its Board of Directors to access medium to long-term debt funding from the domestic capital markets. The proceeds...
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Norrenberger subsidiary names Yinkere CEO

Norrenberger Asset Management Limited, a subsidiary of Norrenberger Holding Company Limited, has appointed Pabina Yinkere as its Managing Director/Chief Executive Officer. In a statement on Sunday, NAML said the appointment was a testament to his industry and dexterity in steering the affairs of our asset management business and leading it on a path of accelerated...
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FX reforms bolstered foreign investments – AIHN

The reforms in the foreign exchange market have improved valuation transparency in companies, which enabled more foreign investors to invest in the economy, the President of the Association of Issuing Houses of Nigeria, ‘Kemi Awodein, has said. She spoke during the recent AIHN Annual General Meeting in Lagos. Awodein explained that the several successful transactions...
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Oil sector struggles as govt misses revenue target

Latest Fiscal performance data from the Federal Government indicates that the oil sector is underperforming as it records a shortfall in revenue, SAMI TUNJI reports The Federal Government continues to grapple with the economic challenges posed by its underperforming oil sector, as the latest fiscal performance figures reveal a concerning shortfall in oil revenue. Despite...
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FG eyes 25,000 jobs from Lagos textile zone

The Managing Director of the Nigeria Export Processing Zones Authority, Dr Olufemi Ogunyemi, has said the Lekki Textile and Garment Special Economic Zone project located in the Eyin-Osa area of Epe, Lagos State, will generate 5,000 direct and over 20,000 indirect jobs when operational. Ogunyemi made the remarks while disbursing cash compensation to the seven...
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Dangote refinery lowers petrol price to N970/litre

The Dangote Petroleum Refinery says it has reduced the price of its Premium Motor Spirit from N990 per litre to N970/litre. The PUNCH reports that this is the amount marketers would buy the product from the refinery. In a statement released on Sunday, the Group Chief Branding and Communications Officer of the Dangote Group, Anthony...
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Morocco to launch gas pipeline tenders in 2025

Barely three weeks after stating its commitment to push forward in the development of the African Atlantic Gas Pipeline project, Morocco has stated plans to launch tenders as part of the initial phases of the Nigeria-Morocco gas pipeline in 2025. A report by a local news outlet, Asharq Al-Awsat, on Sunday, said the new progress...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...