January 2025 – Page 17

Sustainable Capital acquires 9.96% stake in Seplat Energy

30.01.2025

Sustainable Capital Ltd, a Mauritius-based investment firm, has acquired a significant 9.96 per cent stake in Seplat Energy Plc, crossing a key threshold for the acquisition of voting rights in the Nigerian oil and gas company. In a notice filed on the Nigeria Exchange Limited on Wednesday, the acquisition, which was confirmed on January 28,...

Kcee Visits Mbah, Secures Endorsement For Enugu Easter Sunday Event

30.01.2025

Popular singer, songwriter, content creator, and influencer Kingsley Okonkwo, known by the stage name Kcee, visited Governor Peter Mbah of Enugu State in his office on Tuesday. He secured the governor’s endorsement for his upcoming concert and empowerment programme on Easter Sunday at the Nnamdi Azikiwe Stadium, Enugu. Taking to his verified Instagram and X...

Firm unveils solar-powered irrigation financing scheme in Ogun – Punch Newspapers

30.01.2025

Heifer Nigeria has launched a finance leasing guarantee scheme that gives farmers access to solar-powered irrigation pumps that help all-year-round farming regardless of weather conditions. At the launch of the project in Abeokuta, the Ogun State capital, the Country Director of Heifer in Nigeria, Dr Lekan Tobe, explained that the irrigation technology utilises solar energy...

TotalEnergies records N1.04tn revenue – Punch Newspapers

30.01.2025

TotalEnergies Marketing Nigeria Plc reported revenue of N1.04tn for the financial year ending 31 December 2024, representing a 64 per cent increase from the N635.95bn recorded in 2023. The company’s revenue growth was driven by increased sales of petroleum products and improved operational efficiency. This was disclosed in its statement of profit or loss filed...

2% ports development levy inadequate for NSC – Akutah – Punch Newspapers

30.01.2025

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers Council, Dr. Pius Akutah, has stated that the two of seven per cent port development levy, which comes to the NSC at the end of every quarter, is grossly inadequate to run its activities. Speaking recently with The PUNCH, Akutah added that the council...

Nigeria now member of port system association – NPA – Punch Newspapers

30.01.2025

The Nigerian Ports Authority has announced Nigeria has been admitted as a member of the International Port Community System Association. The Managing Director of the NPA, Dr. Abubakar Dantsoho, disclosed this on Tuesday in Lagos while speaking at the National Single Window Stakeholder’s engagement. He said that the country was admitted after fulfilling the necessary...

Lekoil pledges new investments in Akwa Ibom – Punch Newspapers

30.01.2025

The management of Lekoil Nigeria Limited has expressed the company’s commitment to the sustainable development of Akwa Ibom State through investment in oil and gas operations, employment opportunities, and community growth. During a recent visit to the Governor of Akwa Ibom, Umo Eno, Lekoil’s top officials, led by the company’s Chief Executive Officer, Lekan Akinyanmi,...

NGX transactions hit N5.59tn – Punch Newspapers

30.01.2025

The Nigerian Exchange Limited recorded an increase in trading activity in 2024, with total transactions reaching N5.59tn, marking a rise in market participation. In its domestic and foreign portfolio participation in the equity trading summary of transactions as of December 31, 2024, domestic transactions dominated, accounting for a substantial 85 per cent of the total...

Crashed Max Air Announces Temporary Suspension Of Domestic Flights

30.01.2025

The Management of Max Air has suspended its domestic flight operations for 90 days effective Midnight January 31. The management said in a statement that actions was taken to enable them to carry out internal operational evaluation. The statement reads: “The proactive measure demonstrates our unwavering commitment to passenger safety and service excellence. “The safety...

Bluefern pledges to simplify pathway for immigration

30.01.2025

Bluefern Immigration Services has expressed confidence in its ability to guide individuals and families through the Canadian immigration process with ease and efficiency. Making this disclosure in a statement on Tuesday, the company described Canada as a highly sought-after destination for immigrants, citing its thriving economy, renowned education system, and welcoming society. However, it noted...