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Terminal operator suspends empty containers collection in Apapa

30.05.2025
The Terminal Manager of APM Terminals Apapa, Steen Knudsen, said the terminal has temporarily restricted the reception of additional empty containers until the existing stock is cleared by the shipping lines. In a statement on Thursday, Knudsen stated this while responding to recent concerns surrounding the congestion of empty containers at its terminal, setting the...
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CBN’s Cardoso wins 2025 African Banker award

30.05.2025
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has been named Central Bank Governor of the Year at the 2025 African Banker Awards held in Abidjan, Côte d’Ivoire. The award was presented at a gala on Wednesday and was conferred by African Banker magazine in recognition of what organisers described as Cardoso’s “bold and...
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NGX Sheds N54bn as Bullish Momentum Stalls

30.05.2025
The Nigerian Exchange Limited lost N54bn in market capitalisation at the close of trading on Thursday, 29 May 2025, ending its recent bullish streak despite a positive breadth with 41 gainers against 24 losers. Market capitalisation dipped to N70.50tn from N70.56tn in the previous session, while the All-Share Index declined by 84.53 points, or 0.08...
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S’Africa Overtakes Nigeria as Africa’s Top Fuel Importer

30.05.2025
Nigeria has relinquished its long-held position as Africa’s largest importer of refined petroleum products following the ramp-up of operations at the Dangote Petrochemical Refinery, a new report has stated. South Africa has now overtaken Nigeria as the continent’s largest fuel importer, according to new data from energy consultancy CITAC, signalling a seismic shift in Africa’s...
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TotalEnergies sells Bonga stake to Shell for $510m

30.05.2025
TotalEnergies has announced that its subsidiary, TotalEnergies EP Nigeria, has signed an agreement with Shell Nigeria Exploration and Production Company Ltd for the sale of its non-operated 12.5 per cent interest in the OML118 Production Sharing Contract. In a statement on Thursday, the company disclosed that the deal is valued at $510m. OML118 PSC is...
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NERC Issues Guidelines on Third-Party Electricity Bill Collection

30.05.2025
The Nigerian Electricity Regulatory Commission has released new guidelines mandating a digitised, transparent, and accountable framework for electricity revenue collection. The new regulatory directive, titled “Guidelines on Registration and Engagement of Third-Party Collection Service Providers”, was released on Wednesday and signed by the NERC Chairman, Sanusi Garba. The new regulatory directive, which takes effect immediately,...
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UBA, ICAN Partner to Drive Accounting Excellence

30.05.2025
The United Bank for Africa Plc and the Institute of Chartered Accountants of Nigeria have agreed to deepen collaboration and innovation between both institutions. The parties revealed that the agreement came to light when the bank hosted the 60th President of ICAN, Davidson Alaribe, recently. The meeting signalled a pivotal moment in the relationship between...
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NGX Gains N187bn as Bulls Sustain Market Momentum

30.05.2025
The Nigerian Exchange extended its bullish run on Wednesday, gaining N187bn in market capitalisation, driven by increased trading activity and positive investor sentiment. At the close of trading, the All-Share Index rose by 296.39 points, or 0.27 per cent, to close at 111,902.61 points. This reflects a one-week gain of 2.08 per cent, a four-week...
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Coronation Merchant Bank Reports N13.4bn Profit Before Tax

30.05.2025
Coronation Merchant Bank has reported a profit before tax of N13.4bn for the 2024 financial year, representing a 283 per cent increase from the previous year. This was disclosed during the bank’s 10th Annual General Meeting, held at its Head Office in Victoria Island, Lagos, recently, where shareholders, board members, and executives gathered to reflect...
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Manufacturers Struggle Amid Energy and Credit Burdens

30.05.2025
President Bola Tinubu’s macroeconomic reforms and return to monetary orthodoxy shook the productive sector burdened by high energy costs and interest rates, ARINZE NWAFOR writes. However, industries have remained resilient as the reforms yield results Stakeholders agree that industries need extra support from the Federal Government to bear the burdens of high interest rates and...
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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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