February 2025 – Page 194

Unilever achieves N149.8bn turnover

05.02.2025

Unilever Nigeria Plc has recorded a turnover of N149.8bn. This marks a 44 per cent increase from the N103.9bn achieved in the corresponding period in 2023. A statement made available to our correspondent on Monday by the company stated that the gross profit stood at N55.7bn, a 75 per cent increase compared to N31.9bn recorded...

Business

Nigeria, Uganda strengthen trade relations under AfCFTA

05.02.2025

Nigeria and the Ugandan governments have strengthened trade relations following the appointment of the Ugandan Trade Representative Ani Bassey-Eyo to Nigeria, marking a step in implementing the African Continental Free Trade Area agreement. According to a statement, the appointment preceded the signing of commitment export orders, paving the way for Uganda’s first official shipment of...

AVA unveils money market fund

05.02.2025

AVA Global Asset Managers Limited has launched its Money Market Fund, approved by the Securities and Exchange Commission. In a statement on Monday, the open-ended fund is designed to provide unit holders with a stream of income. According to the statement, with an offer size of N1bn and a unit price of N1.00, the fund...

INEC to pay N1.12bn to family of man killed by driver

05.02.2025

The Federal High Court in Abuja has ordered the Independent National Electoral Commission to pay N1.12bn in compensation to the family of one Mike Madu, killed by an INEC driver in Imo State. Justice Inyang Ekwo, in a judgment on Friday, ordered INEC to pay the N1.12bn with 10 per cent interest per annum from...

Banks raise N1.7 trn in recapitalisation drive, boosting market performance

05.02.2025

Nigeria’s banking sector recorded a strong start to the year, with the NGX Banking Index surging by 9.76 per cent in January, significantly outperforming the broader market, according to a corporate report obtained from the Nigerian Exchange Group on Tuesday. The rally was fueled by increased investor confidence amid the ongoing recapitalisation exercise, which has...

NAICOM, World Bank in moves to boost Nigeria’s insurance sector

05.02.2025

The National Insurance Commission hosted a delegation from the World Bank, led by Mr Mehnas Safavian to explore opportunities for collaboration and growth in the nation’s insurance sector. According to a statement late Tuesday, the commission said the conversation during the meeting centred on regulatory reforms, capacity building and the sector’s role in supporting Nigeria’s...

CITN inaugurates North America District

05.02.2025

The Chartered Institute of Taxation of Nigeria has announced that it has expanded its reach to North America with the inauguration of its North America & District Society. The event held recently at the Residence Inn Greenbelt by Marriott in Greenbelt, United States, marked a significant milestone for the Institute. According to a statement, the...

Otaru Of Igarra Suspends Ekuechi Masquerade Festival Over Insecurity

05.02.2025

The Otaru of Igarra and Akuku clan in the Akoko-Edo Local Government Area of Edo State, HRH Oba Emmanuel Adeche Saiki II on Tuesday announced the suspension of the Ekuechi masquerade festival in the area as a result of clashes that have threatened the security of lives and property and given rise to insecurity in...

Climate activists win SOS N2.8m grant

05.02.2025

SOS Children’s Villages has donated N2,887,500 to four climate activists to support their eco-sustainable projects aimed at combating environmental degradation across Nigeria, the body has announced. Speaking at the event held at the SOS Village in Lagos tagged ‘Empowering Youths for Gender-Responsive Climate Action Project Implementation in Nigeria,’ the Country Director for SOS Children’s Villages,...

Esa-Oke Community Demands Oba’s Appointment Reversal

05.02.2025

Sons and daughters of Esa-Oke in Obokun Local Government Area of Osun State have urged Governor Ademola Adeleke to immediately reverse the appointment of Prince Timileyin Oluyemi Ajayi as the Olojudo of Ido Ajegunle, saying that it is the only way to restore peace to the troubled community. The demand was made on Tuesday when...

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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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Latest News

Unilever achieves N149.8bn turnover

Nigeria, Uganda strengthen trade relations under AfCFTA

AVA unveils money market fund

INEC to pay N1.12bn to family of man killed by driver

Banks raise N1.7 trn in recapitalisation drive, boosting market performance

NAICOM, World Bank in moves to boost Nigeria’s insurance sector

CITN inaugurates North America District

Otaru Of Igarra Suspends Ekuechi Masquerade Festival Over Insecurity

Climate activists win SOS N2.8m grant

Esa-Oke Community Demands Oba’s Appointment Reversal

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The Battle for Africa

I apologise for saying no heaven without tithe – Adeboye

Protesters storm Rivers electoral commission, insist election must hold

Man who asked Tinubu to resign admitted in psychiatric hospital

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I apologise for saying no heaven without tithe – Adeboye

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