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MTN leads as investors gain N471.37bn

22.01.2025
Investors on the Nigerian Exchange recorded a gain of N471.37bn at the end of Tuesday’s trading session as the market capitalisation rose to N63.3tn. The All-Share Index advanced by 0.75 per cent, adding 767.63 points to close at 103,137.99. Overall, 127 equities participated in trading, with 29 gainers and 28 losers, reflecting mixed sentiments in...
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Oil & gas stocks rise as Trump launches energy agenda

22.01.2025
Oil and gas stocks rallied on Tuesday as the United States President Donald Trump unveiled an energy agenda at the start of his second term. The plan, which prioritises maximising US oil and gas production, includes declaring a national energy emergency, rolling back regulatory restrictions and withdrawing the U.S. from an international climate change agreement,...
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WTO explores trade as development tool

22.01.2025
World Trade Organisation members convened for a retreat aimed at addressing challenges faced by developing and least-developed countries in global trade. The members convened for the retreat recently in Geneva. In her opening remarks, WTO Director-General Ngozi Okonjo-Iweala emphasised the centrality of development in the organisation’s mission. “The development dimension remains central to furthering the...
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Rebased CPI to reflect current price volatility – NBS

22.01.2025
The National Bureau of Statistics has disclosed that its rebased Consumer Price Index will better reflect current price volatility and provide a clearer understanding of economic trends in Nigeria. According to a press statement on Monday by the agency’s Director of Communication and Public Relations, Sunday Ichedi, the rebased CPI, which will be unveiled at...
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Dismantle speed bumps on highways, minister orders controllers

22.01.2025
The Minister of Works, David Umahi, has directed all Federal Controllers of Works to dismantle all speed calming devices/measures (speed breakers or bumps) on federal highways in their respective states. The minister issued the directive during the opening of a two-day retreat organised for highways engineers and management staff of the works ministry. The retreat...
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PEBEC to establish commercial courts, state councils

22.01.2025
The Presidential Enabling Business Environment Council is set to establish commercial courts and subnational councils as part of efforts to improve the country’s business climate. PEBEC noted the establishment of a nationwide presence was central to its 2025 work plan to drive the ease of doing business chiefly through subnational reforms and commercial courts for...
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BVN enrolments hit 64.8m

22.01.2025
The total number of Bank Verification Numbers issued in Nigeria climbed to 64.8 million in January 2025, marking a 2.14 per cent increase from the 63.5 million recorded at the end of 2024. In recent data released by the Nigeria Inter-Bank Settlement System, in 2021, BVN enrolment stood at 51.9 million, showcasing the initiative’s early...
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Equity market opens week with N10bn gain

22.01.2025
The Nigerian Stock Exchange opened the week on a positive note on Monday, with a market capitalisation increase of N10bn. The All Share Index appreciated by 0.02 per cent, closing at 102,370.62 points, slightly up from 102,353.68 points recorded on the previous trading day. Despite the positive movement, the market is still negative for both...
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Subscribers reject 50% tariff hike, threaten to sue NCC

22.01.2025
The National Association of Telecoms Subscribers says it will sue the Nigerian Communications Commission over the 50 per cent tariff hike. On January 20, the NCC approved the request of telecommunications companies (telcos) to increase tariffs. The adjustment came after the Association of Licensed Telecommunications Operators of Nigeria and the Association of Telecommunications Companies of...
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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
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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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