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Stock market gains N437bn on dividend declaration

01.04.2025
The announcement of dividends for the 2024 financial year by corporates reversed the downward trend recorded on the Nigerian Exchange to deliver a N437bn gain to investors. In the past week, several financial institutions released their audited reports for 2024, showcasing strong performances and attractive dividend declarations. Additionally, analysts say that quarter-end portfolio rebalancing and...
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Revenue-generating agencies owe FG N9.3tn – NEITI

01.04.2025
The Nigeria Extractive Industries Transparency Initiative has revealed that revenue-generating agencies currently owe the government a total sum of N9.3tn in unremitted liabilities. It said this amount revealed in its 2023 industry report would cover approximately 72 per cent of the Federal Government’s projected budget deficit of N13tn for 2025. The NEITI Executive Secretary, Orji...
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Onne port terminal operator plans tariff hike

01.04.2025
The West African Container Terminal located in Onne River State has concluded plans to increase its tariff with effect from April 1, 2025. WACT announced this in a notice sighted by The PUNCH on Sunday. The terminal stated that it has got the necessary approvals from relevant agencies to adjust both terminal handling charges and...
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W’Bank to approve Nigeria’s $632m loan request today

01.04.2025
The World Bank is set to approve fresh loans totalling $632m to Nigeria today (Monday) amid mounting concerns over the country’s rising debt profile, The PUNCH reports. The loans are to support critical areas, including nutrition improvement and quality basic education. Information obtained from the World Bank’s website on Sunday showed that the two loans...
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PalmPay, Verve partner to expand financial inclusion

01.04.2025
PalmPay, one of Africa’s fastest-growing fintech platforms, has launched its new PalmPay Debit Card in partnership with Verve, Africa’s largest domestic card scheme, in a move aimed at expanding financial inclusion across Nigeria. This development comes less than four weeks after it announced a strategic partnership with AfriGO, a subsidiary of Nigeria Inter-Bank Settlement System,...
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STL Trustees empowers women entrepreneurs with N3m

01.04.2025
Leading trust company STL Trustees has awarded a total of N3m in grants to 30 women-led businesses through its newly launched STL FundHer initiative. According to a statement from the company on Saturday, the grant reflected its commitment to empowering female entrepreneurs in Nigeria and was launched in celebration of this year’s International Women’s Day....
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WFE seeks greater role for derivatives market

01.04.2025
The global trade association for exchanges and clearing houses, the World Federation of Exchanges, has called for a global, evidence-based refresh of public policy on derivatives. In a recent paper published on its website, the global association sets out a coherent approach to derivatives to nurture their use, especially in regulated, lit environments, to avoid...
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IEI, Mutual Benefits annual reports face delay

01.04.2025
Insurance firms International Energy Insurance and Mutual Benefits have announced delays in the filing of their audited financial reports for 2024. This was indicated in corporate disclosures filed with the Nigerian Exchange Limited. Per post-listing requirements, firms on the January-December calendar that are listed on the NGX have to file their audited financial report by...
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Women Are Unsung Heroes – Ajadi

01.04.2025
A chieftain of the New Nigeria Peoples Party (NNPP) in Ogun State, Olufemi Ajadi, has used the occasion of the 2025 Mother’s Day to extol the virtues of Nigerian women, describing them as unsung heroes who play a pivotal role in building families. While appreciating his wife, Oyindamola Ajadi Oguntoyinbo, his deputy in the 2023...
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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
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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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