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Crude prices slump to $65 first time since 2021

07.04.2025
Oil prices plunged this week to $65 per barrel as the United States import tariffs and an unexpected OPEC+ supply hike erased $10 per barrel from global benchmarks. The price appreciated last week when US President Donald Trump imposed tariffs on any country that buys crude from Venezuela. However, oil prices turned around the corner...
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CBN injects $197.71m to stabilise FX market

07.04.2025
The Central Bank of Nigeria has injected $197.71m into the foreign exchange market on Friday, April 4, 2025, as part of its commitment to ensuring adequate liquidity and maintaining orderly market functioning. This was disclosed in a statement on Saturday by the Director of the Financial Markets Department, Dr Omolara Omotunde-Duke, reiterating the bank’s stance...
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SMEs must embrace innovation to compete smartly, expert warns

07.04.2025
The Chief Executive Officer and Lead Innovator at Lalaa Consulting, Demola Aderibigbe, has warned that small and medium-sized enterprises in Nigeria must harness creativity and innovation if they are to thrive and compete with dominant industry players. Aderibigbe made the call during the maiden edition of the Academy of Creativity, Innovation & Disruption (ACID), which...
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eTranzact international posts N5bn pre-tax profit

07.04.2025
ETranzact International Plc has recorded a pre-tax profit of N5bn for the year ended December 31, 2024. This marks a 53.2 per cent year-on-year growth from a pre-tax profit of N3.1bn in 2023, highlighting the company’s accelerating profitability and strategic expansion. The fintech company’s audited results released on the Nigerian Exchange Limited revealed that its...
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Retired NAMA workers demand unpaid pension increments

07.04.2025
Retired employees of the Nigerian Airspace Management Agency are demanding that the government honour its commitment to increase their pensions, which have remained unpaid since 2007. Despite multiple directives from regulatory bodies, pensioners claim NAMA has failed to implement the required adjustments, leaving many retirees struggling financially. A pensioner who spoke anonymously to The Punch,...
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Nigeria’s public debt hits N144.67tn, up 48.58% YoY

07.04.2025
Nigeria’s total public debt rose to N144.67tn ($94.23bn) as of December 31, 2024, representing a 48.58 per cent increase compared to N97.34tn ($108.23bn) recorded at the end of December 2023. The Debt Management Office disclosed this in its latest report on the country’s public debt profile. The report also revealed a quarter-on-quarter rise of 1.65...
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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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