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Airtel posts $344m revenue loss on data sales

20.02.2025
Airtel Nigeria’s data revenue fell to $344m for the nine months ending December 31, 2024, marking a decline from $539m recorded in the corresponding period of the previous year. Despite a 37.2 per cent surge in data usage per customer—rising to 8.4 gigabytes per month from 6.2GB—the telco struggled to convert the increased demand into...
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CSCS revamps data exchange platform for registrars

20.02.2025
The Central Securities Clearing System Plc has announced the launch of its upgraded web-based application designed to enhance operational efficiency and user experience for registrars in the Nigerian capital market. In a statement on Tuesday, CSCS, which serves as the Central Securities Depository for the Nigerian Capital Market, said that its flagship platform, RegConnect Version...
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Energy theft to attract N300,000 fine – FG

20.02.2025
Electricity consumers will pay a fine of up to N300,000 if they bypass their prepaid meters, the Nigerian Electricity Regulatory Commission has said. This was contained in an amended Order on Unauthorised Access, Meter Tampering and By-Pass released on Tuesday. The fines range between N100,000 and N300,000, depending on the category the customer belongs to....
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Inflation drop: Experts demand lower interest rate

20.02.2025
Financial and economic analysts expect the Monetary Policy Committee of the Central Bank of Nigeria to reduce the benchmark interest rates following the drop in the inflation rate released by the National Bureau of Statistics on Tuesday. The experts also called for a rejig of the country’s economic policies to meet the masses’ yearnings, stressing...
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Don urges Ondo to develop maritime industry

20.02.2025
The Dean of the Faculty at City University Cambodia, Captain Alfred Oniye, has urged the Ondo State Government to adopt a strategic approach for the development of its maritime industry. Oniye noted that the move would drive economic growth, create jobs, enhance trade, and position the state as a leading maritime hub in Nigeria and...
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Falcon recommits to safety standards in gas projects

20.02.2025
Falcon Corporation Limited, an indigenous gas value chain company, has recommitted to upholding safety standards, having accomplished one million man-hours without a lost time injury on the ongoing 15,000 metric tonne liquefied petroleum gas storage facility project in Port Harcourt, Rivers State. A statement by the Managing Director/Founder of the firm, Prof. Joe Ezigbo, said...
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NGA to showcase Nigeria’s energy A in China

20.02.2025
The Nigerian Gas Association has announced its designation as an Association Partner for the World Gas Conference 2025, which will be held in Beijing, China. NGA said it will host a dedicated Nigerian Pavilion to showcase to a global audience Nigeria’s gas story and the abundance of opportunities within the industry. The conference, one of...
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Protect power consumers, expert urges govt

20.02.2025
As Nigerians await an imminent increase in the cost of electricity, an energy expert and founder of PUTTRU, the frontline platform facilitating energy investments in Africa, Monica Maduekwe, has outlined the steps the Federal Government needs to take to cushion the effect of the “inevitable” increase on the consumers. Speaking during a press interview, Maduekwe...
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VFD invests N5bn in VBank for digital banking

20.02.2025
VFD Group has injected N5bn into its subsidiary, VFD Microfinance Bank, also known as V Bank, in a move aimed at strengthening the digital bank’s operations. In a statement to the Nigerian Exchange and the investing public on Wednesday, VFD Group said the investment was approved by its Board of Directors through a written resolution...
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UPDC reports 509% profit growth

20.02.2025
UPDC PLC has reported a 509 per cent increase in profit after tax for the year ended December 31, 2024. The company posted a profit of N1.35bn, up from N221.51m in 2023. According to the company’s financial statements for the period ended December 31, its revenue surged to N11.93bn, up from N5.34bn recorded in the...
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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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