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10 manufacturers record N666bn cost burden

10.02.2025
The cost of sales for 10 manufacturing and consumer goods companies in Nigeria surged to N665.95bn in 2024, reflecting a 72.47 per cent increase from N386.16bn recorded in 2023, The PUNCH gathered. The company’s statement of profit or loss and other comprehensive income for the months ended December 31, 2024, filed on the Nigeria Exchange,...
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Google, Microsoft, others plan $320bn AI spending

10.02.2025
The world’s biggest technology firms—Google, Amazon, Meta, and Microsoft—are gearing up for an unprecedented investment in Artificial Intelligence, with a combined expenditure expected to reach $320bn in 2025. According to financial and press statements obtained by Saturday PUNCH, Google has earmarked $75bn, Amazon is set to allocate $100bn, Meta has committed $65bn, and Microsoft plans...
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Oyo/Osun Customs declare N82bn revenue for 2024

10.02.2025
The Nigeria Customs Service, Oyo/Osun Area Command, said it collected N82.1bn in revenue in 2024. In a statement on Friday, the Customs Area Controller in charge of the command Dr Ben Oramalaugo, stated this while addressing journalists at the command. He described the revenue collection by the command for 2024 as exceptional and respectable. “In...
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Operators recommend AI to tackle financial fraud

10.02.2025
The former executive director of e-business and infrastructure at Inlaks Computers Limited and a board member of CitiData Centre Ltd., Tope Dare, has advocated the use of artificial intelligence for early detection of fraud in the financial sector. In a statement, Dare said AI was transforming the banking sector like every other industry, and the...
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NAICOM, FRSC strengthen collaboration on third-party insurance

10.02.2025
The National Insurance Commission and the Federal Road Safety Corps have strengthened collaboration on the enforcement of compulsory third-party motor insurance in Nigeria. In a statement on Friday, NAICOM said the collaborative effort aims to promote a safer and more secure environment for all road users. Recall that the police have commenced the enforcement of...
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Ondo Monarchs Reject Ijebu State

10.02.2025
Traditional rulers from the Ilaje Local Government Area of Ondo State have told the Federal Government not to annex territories in the state to the neighbouring Ogun State. In a communiqué after their meeting in Igbokoda, the monarchs led by Oba Olusegun Akinyomi, the Amapetu of Mahin and Chairman of Ilaje Council of Obas; and...
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OrderPaper Rebrands To Strengthen Parliamentary Monitoring

09.02.2025
OrderPaper, Nigeria’s foremost independent parliamentary monitoring organisation and policy think tank has announced a rebranding initiative designed to reinforce its identity and enhance its public perception. The CEO of Orderpaper, Oke Apiah, who disclosed this in a statement issued in Abuja on Sunday said the transformation reflects OrderPaper’s continued dedication to bridging the gap between...
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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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