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Banking system liquidity rebounds to N572.8bn – Report

Liquidity in Nigeria’s banking system witnessed a recovery in February, surging to N572.8bn from an N307.5bn deficit recorded in January, according to a report by Afrinvest. The improvement was largely driven by substantial inflows from primary market repayments, open market operations repayments, and standing lending facility transactions, which outpaced outflows from OMO sales, primary market...
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Full List Of Award Recipients

The race to the Oscars was more of a marathon than a sprint, with a few surprises, controversies and plenty of analysis along the way. The biggest winner of the night was “Anora,” which took home five of the six awards it was up for – best picture, director, actress, editing and original screenplay. With...
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Rwanda Appoints New Head Coach Ahead S’Eagles Clash

The Rwanda Football Federation (FERWAFA), on Sunday, announced the appointment of Algerian Adel Amrouche as the new head coach of the Amavubi. Amrouche takes charge of the Amavubi from German tactician Thorsten Spittler. The 56-year-old managed Tanzania at the 2023 Africa Cup of Nations in Côte d’Ivoire. READ ALSO: The former midfielder has also managed...
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Equity market records N421bn loss in one week

The Nigerian Exchange suffered a N421bn loss last week as sustained bearish sentiment pushed the All-Share Index down by 0.62 per cent to close at 107,821.39 points. Investor activity slowed, with a total of 1.85bn shares worth N51.39bn traded in 63,090 deals, compared to 2bn shares valued at N49.49bn exchanged in 70,853 deals the previous...
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Wole Arisekola Mourns Passing Of Sarkin Sasa

Mogaji Wole Arisekola has expressed deep sorrow over the passing of Alhaji Haruna Maiyasin Katsina, the Sarkin Sasa Sardaunan Yamma, describing his demise as the end of an era for Nigeria. In a heartfelt tribute, Arisekola described the late Sarkin Sasa as an exceptional leader, a father figure to many, and a statesman who dedicated...
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Dangote Cement grows revenue to N3.58tn

Dangote Cement Plc has reported a revenue of N3.58tn for the financial year ended December 31, 2024, representing a 62 per cent increase from N2.21tn recorded in 2023. The company’s financial statement, released to the Nigerian Exchange Limited recently, showed that the cost of sales rose by 63.5 per cent to N1.65tn from N1.01tn in...
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FG targets May 2026 to complete Enugu-Onitsha Expressway

The Federal Ministry of Works has set a May 10, 2026, completion deadline for the Enugu-Onitsha Expressway, funded by MTN under the Infrastructure Development and Refurbishment Investment (Tax Credit) Scheme. The decision followed a meeting on February 26, 2025, at the Ministry’s headquarters in Abuja with MTN and RCC Company Nig. Ltd to address delays...
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BUA Cement posts N73.91bn profit

BUA Cement Plc has reported a profit after tax of N73.91bn for the financial year ended December 31, 2024, reflecting a 6.4 per cent increase from the N69.45bn recorded in 2023. The company’s annual financial statement, released to the Nigerian Exchange Limited recently, showed a jump in revenue to N876.47bn, representing a 90.5 per cent...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...