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AMCON, AMPs to tackle over N4tn debt burden

21.05.2025
The Asset Management Corporation of Nigeria has unveiled a renewed strategy to intensify efforts towards recovering more than N4 tn in outstanding debts owed by obligors across the country. In a statement made available to our correspondent by the Head, Corporate Communications Department, AMCON, Jude Nwauzor, on Monday, the strategy will see AMCON deepen its...
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Orthodox CBN policy reshapes liquidity strategy

21.05.2025
The Central Bank of Nigeria’s return to orthodox monetary policy in 2024 has begun to reshape its asset profile and liquidity management approach, reversing past losses and improving reserve buffers. However, soaring liquidity management costs, derivative settlement losses, and a shrinking equity base reveal deep financial strain. SAMI TUNJI explores how this shift back to...
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Dentsu’s brand director joins Cannes Lions jury

21.05.2025
The Director of Brand Strategy at Dentsu Creative Nigeria, Temitope Joseph, has secured a coveted seat on the Creative Strategy Lions Shortlisting Jury for the 2025 Cannes Lions International Festival of Creativity. The Cannes Lions is a renowned global event for professionals in creative communications, advertising, and related fields. The firm said in a statement...
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SAHCO beats IATA benchmark in Hajj flights

21.05.2025
The Skyway Aviation Handling Company Plc said it has recorded 88 per cent on-time performance in the handling of its airline customers at the ongoing Hajj operations at the Murtala Muhammed International Airport, Lagos. The company made this known through a press announcement on Monday. The breakdown of the statistics, according to SAHCO, showed that...
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Lagos to invest N3tn in coastal erosion communities

21.05.2025
The Lagos State Government, through the Lagos State Commissioner for Waterfront Infrastructure Development, Ekundayo Alebiosu, has unveiled plans to invest N3tn in groyne technology to safeguard the state’s coastline from erosion. Speaking at the ministerial press briefing to mark the second year of the second term of Governor Babajide Sanwo-Olu in office, the commissioner disclosed...
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Support textile industry with soft loans, Reps urge BOI

21.05.2025
The House of Representatives has urged the Federal Government to protect the local textile industry by providing soft loans to operators through the Bank of Industry. The decision of the House was sequel to the adoption of a motion on notice sponsored at Tuesday’s plenary by Jigawa lawmaker, Mr Garba Muhammad. Rallying his colleagues for...
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Schneider Electric bags gender inclusion award

21.05.2025
Schneider Electric, a global leader in energy management and automation, has been recognised for its commitment to gender diversity and inclusion across its African operations. The company was named the recipient of the Gender Leader Award at the 2025 edition of the Africa CEO Forum, held in Abidjan, Côte d’Ivoire, from May 12 to 13....
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Actor advocates AI adoption for content creators

21.05.2025
An actor and brand influencer, Ezike Kelvin, has stressed the need for content creators to embrace AI, noting that it will help to push the boundaries of innovation and efficiency in the digital space. In a statement on Tuesday, he called for government and private-sector investment in the creative economy, boosting digital infrastructure, training programmes,...
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Nigerian Breweries appoints new sales director

21.05.2025
Nigerian Breweries Plc, maker of Goldberg and Maltina, has announced the appointment of Emmanuel Oriakhi as the company’s new sales director, with effect from March 24, 2025. The development was disclosed in a statement signed by the Managing Director, Hans Essaadi, and obtained on Tuesday. Oriakhi, who had been leading the sales function in an...
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Fidson hits N44.64bn market cap in 30 years

21.05.2025
Fidson Healthcare Plc has said it achieved a milestone of N44.64bn market capitalisation as of April 2025, earning it a top spot in Nigeria’s pharmaceutical manufacturing sector. In a statement, Fidson emphasised that its N44.64bn market capitalisation comes as it celebrates 30 years of operations with record growth. According to its 2024 audited financial results,...
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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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