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Wizkid Becomes Africa’s Highest Earner On Spotify

16.01.2025
Nigerian music sensation, Ayodeji Balogun, popularly called Wizkid, has become Africa’s biggest earner on Spotify. Music statistics monitoring platform Chart Masters recently revealed artists’ monthly earnings on Spotify around the world with Wizkid emerging as Africa’s biggest earner with $1 million. While Canadian rapper Drake and American singer, Taylor Swift, are the world’s biggest earners...
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USSD: Telcos Get Approval To Disconnect Banks Over N250bn Debt

16.01.2025
Following their failure to defray debts owed telecommunications firms on services rendered through Unstructured Supplementary Service Data (USSD) platform, the Nigerian Communications Commission (NCC) has given approval to the telcos to disconnect some banks currently indebted to the tune of about N250 billion. The approval, which was given yesterday by the regulator, affected nine lenders....
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Equity market posts N930bn loss

16.01.2025
At the close of Wednesday’s trading session on the Nigerian Stock Exchange, the equity market experienced a decline, losing N930.62bn, which marks the third consecutive loss in the market. On Tuesday, the Nigerian Stock Exchange witnessed a bearish performance at the close of trading, with the market capitalisation declining by N1.06tn, marking a drop in...
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Shallow structure stifling market growth – Proshare

16.01.2025
Analysts at Proshare have raised concerns about the shallow structure and limited breadth of Nigeria’s capital market, warning that these factors continue to hinder its growth and potential to drive economic development. According to a report on Wednesday titled ‘Nigeria’s Capital Market Outlook 2025: The Capital Market and the Quest for a $1 trn Economy,’...
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17 companies grow market cap to N11tn

16.01.2025
A total of 17 companies across various sectors have achieved a combined market capitalisation of approximately N11.22tn on the Nigerian Stock Exchange, with contributions from leading players in the consumer goods, food, and personal household products sectors. Golden Guinea Brewery PLC reported a market capitalisation of N8.85bn, with a share price of N8.64, holding steady...
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34.8% inflation rate triggers fears of rising prices, hardship

16.01.2025
The Organised Private Sector has expressed worry over the continued hike in the inflation rate in Nigeria, stressing that this will further raise the cost of production, raw materials, logistics, and machinery, among others. On Wednesday the National Bureau of Statistics reported that Nigeria’s inflation rate rose to 34.80 per cent in December 2024, reflecting...
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REA to provide solar power for public institutions – MD

16.01.2025
The Rural Electrification Agency has identified the provision of solar-powered energy to public institutions as a key component of its agenda in the 2025 fiscal year. Managing Director of the agency, Abba Aliyu stated this on Wednesday shortly after making a presentation on REA’s 2024 budget performance and projections in the 2025 Appropriation Bill. Accompanied...
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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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