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Firm inaugurates manufacturing plant in Lagos Free Zone

18.04.2025
Guala Closures, a global player in the production of closures for the spirits, wine, water, beer, non-alcoholic beverage, and edible oil markets, has inaugurated its new greenfield manufacturing facility in West Africa, strategically located in the Lagos Free Zone. A statement from the firm on Thursday stated that the inauguration ceremony was attended by Ugo...
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Owerri Customs intercept N1bn contraband

18.04.2025
The Nigeria Customs Service Federal Operations Unit, Zone C, Owerri,  said it intercepted various contraband with a duty paid value of N1bn between March 20, 2025, till date. In a statement obtained by The PUNCH, the Customs Area Controller in charge of the command, Bashir Balogun, stated this on Thursday while showcasing some of the...
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Nigerian Breweries posts 186% surge in profit

18.04.2025
Nigerian Breweries Plc has announced a return to profitability in the first quarter of 2025, reporting a 186 per cent increase in net profit compared to the same period in 2024. The unaudited financial results, which were released on the Nigerian Exchange Limited on Thursday, showed that the company’s revenue for the period ended March...
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Experts laud Securities Act for digital assets clarity

18.04.2025
Experts and policymakers have lauded the Investment and Securities Act 2025, describing it as a significant move that positions Nigeria as a major player in the Fourth Industrial Revolution. In a statement made available to our correspondent on Thursday, the landmark legislation, signed into law by the Federal Government in March 2025, empowers the Securities...
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Enforce building regulations, operators urge govt

18.04.2025
Urban planning experts and estate developers have called on the Lagos and Ogun State governments to urgently enforce building regulations and provide critical infrastructure to halt the unchecked growth of slums and restore order to the country’s built environment. The stakeholders made the call at a recent two-day workshop in Abeokuta, Ogun State, with the...
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Dufil Prima unveils children’s award

18.04.2025
Dufil Prima Foods Ltd has unveiled the 17th edition of its Indomie Heroes Award, celebrating exceptional Nigerian children who have demonstrated acts of bravery and excellence. The company announced on Tuesday the new edition of the ‘Unsung Heroes’ awards at a press conference in Lagos. The General Manager of Group Corporate Communications and Events at...
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Universal Insurance settles N3bn claims

18.04.2025
Universal Insurance Plc has paid out a total of N3bn as claims to policyholders who suffered losses during the 2024 operating year. In a recent statement from the underwriter, the claims were made between January 2024 and December 2024. Speaking on the development, Managing Director/Chief Executive Officer of Universal Insurance Plc, Dr Jeff Duru, said...
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Access Holdings posts N642.2bn profit

18.04.2025
Access Holdings Plc recorded a profit after tax of N642.2bn for the financial year ended December 31, 2024. This marked a four per cent increase from the N619.3bn reported in 2023. The group’s audited financial statement released on the Nigerian Exchange Limited on Wednesday showed that Access Holdings’ gross earnings jumped by 88 per cent...
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Dangote Cement, Seplat, UBA win awards

18.04.2025
Dangote Cement has won the platinum award at the second edition of the Corporate Reporting Award, as MTN Nigeria won gold and Seplat Energy emerged as runner-up for being outstanding in their corporate reporting for 2023. The Corporate Reporting Award, which was organised by the Institute of Chartered Accountants of Nigeria and the NGX Regulation...
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2025 budget may not fund capital projects – LCCI

18.04.2025
The Lagos Chamber of Commerce and Industry has expressed concern over the feasibility of implementing Nigeria’s capital expenditure in the 2025 budget, warning that the current fiscal structure cannot fund it. Speaking at a press briefing in Lagos on the state of the economy on Thursday, LCCI President Gabriel Idahosa stated that the Federal Government’s...
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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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