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FG woos retail investors with savings bond offer

06.05.2025
The Federal Government, through the Debt Management Office, has opened a new window for retail investors with the launch of the Federal Government of Nigeria Savings Bond for May 2025. The offer, which opened on May 5 and closes on May 9, 2025, includes a 2-year savings bond due May 14, 2027, with an interest...
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Wema Bank MD reaffirms commitment to innovation

06.05.2025
The Managing Director and Chief Executive Officer of Wema Bank Plc, Moruf Oseni, has reaffirmed the bank’s commitment to innovation, inclusive banking, and customer satisfaction as the financial institution marked its 80th anniversary in Lagos. Oseni, who spoke at the bank’s recent anniversary gala, tagged “Timeless Elegance,” described the milestone as a celebration of resilience...
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Julius Berger’s profit drops by 65%

06.05.2025
Construction and infrastructure development company, Julius Berger Nigeria Plc, has reported a 65 per cent decline in its profit after tax for the first quarter ended March 31, 2025, amounting to N3.56bn compared to N10.05bn posted in the corresponding period of 2024. The construction giant disclosed this in its unaudited consolidated financial statement released on...
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Davido, Cubana Chief Priest Condemn VeryDarkMan’s Arrest

06.05.2025
Afrobeat superstar Davido, celebrity bar man, Cubana Chief Priest, and other Nigerians have condemned the arrest of social media influencer and activist, Martins Otse (aka VeryDarkMan,VDM). The celebrities and fans of VDM said his arrest was carried out like an “abduction”, which left many Nigerians worried, and therefore demand his release. VDM was reportedly arrested...
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Naira printing costs skyrocket by 306%

06.05.2025
The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared to N77.67bn recorded in 2023, the apex bank’s audited financial statement for the year has shown. Currency issue expenses cover the printing, processing, distribution, and disposal of banknotes. The latest figures reveal that...
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Global trade tensions weaken naira, drag oil prices – Report

06.05.2025
Volatility returned to the global oil market in April as escalating trade tensions, particularly between the United States and China, triggered a sharp drop in crude oil prices and heightened pressure on the Nigerian naira. Although US President Donald Trump’s “liberation day” tariff policy exempted oil, the energy market still responded negatively. The key concern...
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Inlaks appoints new CEO to drive innovation

06.05.2025
Inlaks, a leading systems integrator and ICT provider in sub-Saharan Africa, has appointed Charles Ifedi as its new Chief Executive Officer, Africa operations. According to a statement to The PUNCH, he succeeds interim CEO Henry Okolo, who returns to his earlier role in Inlaks as board director. A seasoned business executive, technology consultant, and entrepreneur,...
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How to spot Ponzi schemes before investing

06.05.2025
What once relied on word-of-mouth and text messages has now evolved into sleek websites, crypto buzzwords, and social media influencers. But no matter the packaging, the outcome is often the same: financial ruin for unsuspecting investors, JOSEPHINE OGUNDEJI writes Over the years, Nigerians have painfully learned that not all that glitters is gold. From MMM,...
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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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