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Nestle, Honeywell lift equity market to N257bn gain

16.05.2025
The Nigerian Exchange gained N257bn in market capitalisation on Thursday,  as investors showed renewed interest in consumer goods and industrial stocks, led by Nestle Nigeria, Honeywell Flour Mill, and Beta Glass. At the close of trading, the market capitalisation rose to N68.8tn, up from N68.54tn recorded at the previous session. Similarly, the All-Share Index appreciated...
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NASD reports N212m Q1 profit

16.05.2025
NASD Plc, the operator of Nigeria’s Over-The-Counter securities exchange, has posted a profit after tax of N212.5m. This result marks a turnaround compared to a loss of N32.7m reported in the corresponding quarter of 2024. The Managing Director of NASD Plc, Eguarekhide Longe, disclosed this during a press conference held in Lagos on Thursday. According...
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Legend Internet unveils fibre-to-room service

16.05.2025
Legend Internet Plc has launched Nigeria’s first Fibre-to-the-Room service, in partnership with global technology provider, Huawei. The launch follows the recent signing of a Memorandum of Understanding between Legend and Huawei Technologies to accelerate broadband infrastructure across Nigeria. Speaking at the launch recently, the Chief Executive Officer of Legend Internet, Aisha Abdulaziz, said the new...
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FG approves new procurement thresholds for MDAs

16.05.2025
The Bureau of Public Procurement on Thursday announced a comprehensive revision of public procurement thresholds for federal Ministries, Departments, and Agencies, aimed at reducing bureaucratic delays and improving efficiency in contract awards. In a press statement by the Head of Public Relations at the BPP, Zira Nagga, the changes, approved by President Bola Tinubu, reflect...
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FG approves major power projects in Oyo

16.05.2025
The Federal Government has approved two major energy projects in Oyo State aimed at fortifying the national grid and addressing persistent power challenges. A statement by the media aide to the Minister of Power, Bolaji Tunji, disclosed that the decisions, ratified during Monday’s Federal Executive Council meeting, include reviving and concessioning the decades-old Ikere Gorge...
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Reps to investigate remittances to RMRDC

16.05.2025
The House of Representatives has resolved to probe the irregularities in the remittance of a two per cent surcharge on imports to the Raw Materials Research and Development Council by the Nigeria Customs Service and the Federal Ministry of Finance. The decision of the House was sequel to the consideration and adoption of a motion...
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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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