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DBN plans N500bn in guarantees for MSMEs

19.05.2025
THE Development Bank of Nigeria has unveiled an ambitious strategic plan to significantly expand its financial support of the country’s micro, small, and medium enterprises sector. The bank projects issuing N500bn in guarantees and growing its outstanding loan portfolio to N1tn within the duration of its current five-year plan. Speaking at a media parley in...
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11Plc unveils more CNG stations in Lagos, Oyo

19.05.2025
11Plc, formerly Mobil Oil Nigeria, says it has inaugurated several compressed natural gas stations in Oyo and Lagos states to expand clean energy access. In a statement on Sunday, the company said it has made significant advancements in the LPG and CNG sectors in its commitment to expanding avenues for clean energy across the country....
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Excitement as Keystone Bank reopens Ketu branch

19.05.2025
Keystone Bank Limited, one of the leading financial services providers in Nigeria, has officially reopened its fully revamped branch located at Plot 584, Ikorodu Road, Ketu, Lagos. The reopening ceremony held on Friday drew the attention of business owners, customers, market leaders, and dignitaries from across the Ketu area and beyond. Declaring the branch open,...
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CRMI inducts NDIC risk leaders

19.05.2025
In recognition of leadership and expertise in risk management, the Chartered Risk Management Institute of Nigeria recently inducted four senior officials from the Nigerian Deposit Insurance Corporation into its Board of Fellows. The induction ceremony, held as part of CRMI’s commitment to advancing professional risk management in Nigeria, saw the distinguished honourees conferred the Fellow...
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Firm unveils new estate project

19.05.2025
Assetium Properties Limited, a subsidiary of The Assetium Group, has officially unveiled its maiden luxury real estate project in Lagos, marking an entry into Nigeria’s high-end property market. The launch event, held recently, attracted dignitaries, industry leaders, and key stakeholders from the real estate and financial sectors. The event, themed “Redefining Urban Living,” reflected the...
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Baobab Group sells majority stake in Baobab+

19.05.2025
Baobab Group has announced the successful completion of the sale of its majority stake in Baobab+ to BioLite, a US-headquartered social enterprise focused on renewable energy solutions. In a statement issued on Sunday, the group said the divestment would allow Baobab+ to leverage BioLite’s technological expertise and operational strengths, accelerating its innovation and growth across...
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TotalEnergies declares N13.58bn dividend

19.05.2025
TotalEnergies Marketing Nigeria Plc has approved a total dividend payout of N13.58bn for the 2024 financial year, even as shareholders pressed for the issuance of bonus shares during the company’s 47th Annual General Meeting held in Lagos recently. The dividend represents a 60 per cent increase from the N25 paid in the previous year, with...
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Nigeria’s exports to US drop by 20%

19.05.2025
Nigeria’s exports to the United States fell by more than 20 per cent in the first quarter of 2025, new data from a report by the United States Census Bureau has shown. The decline comes as total US imports from Nigeria stood at $1.118bn in Q1 2025, down from $1.401bn in the same period in...
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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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