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Market cap sheds N48bn on NGX

02.06.2025
The Nigerian Exchange closed the last trading session of the week on a bearish note, as the equities market capitalisation declined by N48bn, reflecting sustained negative investor sentiment. At the close of trading, the market capitalisation dropped to N70.5tn from the previous day’s N70.548tn, while the All-Share Index depreciated by 76.07 points or 0.07 per...
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Informal sector costs Nigeria $8.8bn in forgone revenue – AfDB

02.06.2025
Nigeria is losing about $8.8bn every year due to its large informal economy, the African Development Bank said in its 2025 African Economic Outlook report. The report noted that while informal businesses contribute significantly to economic activity and employment, much of the wealth they generate remains outside the tax system, resulting in substantial revenue losses...
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Currency Outside Banks Drops Again in April

02.06.2025
Currency held outside Nigeria’s banking system declined for the second time in 2025, falling to N4.57tn in April from N4.60tn in March, according to new data from the Central Bank of Nigeria. This renewed decline comes amid the apex bank’s continued hold on its benchmark Monetary Policy Rate at 27.5 per cent, a decision made...
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WAMCO appoints new BOT chairman

02.06.2025
FrieslandCampina WAMCO Nigeria Plc has announced the appointment of Mr Yinka Sanni as the new Chairman of the Board of Directors of the dairy company. The appointment follows the retirement of Mr Moyo Ajekigbe OFR, who chaired the board from 2010 to 2025. In a statement made available to PUNCH Online on Wednesday by its...
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FG revives NATEP, eyes $1tn outsourcing market

02.06.2025
The Federal Government has relaunched the National Talent Export Programme and appointed development finance expert Teju Abisoye as Director-General to drive Nigeria’s renewed ambition to capture a significant share of the $1tn global outsourcing market. The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the relaunch in Lagos on Friday and said the...
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Reps, NEPZA task FTZs on prompt FAAC remittances

02.06.2025
The Nigeria Export Processing Zones Authority and the House of Representatives Committee on Public Accounts have vowed to activate and strictly enforce regulations guiding operations within Free Trade Zones to ensure prompt and full remittances into the Federation Account. This resolution was reached during an oversight visit by the House Committee to the Dangote Refinery...
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Oba Of Benin Ends 7-Year-Old Communal Crisis

02.06.2025
The Oba of Benin, Omo N’Oba N’Edo Uku Akpolokpolo, Ewuare II, has brought an end to the seven-year-old leadership crisis in the Iguoshodin N’Igbemaba community in Ovia North East Local Government Area of Edo State. This follows the monarch’s appointment of Pa Johnson Ahanor as the legitimate Odionwere (village head) of the community. The Oba...
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Media Can Build Bridges Of Peace, Unity

02.06.2025
As part of activities marking the 2025 Communications Week (ComWeek), the Catholic Church in Nigeria has emphasized the crucial role of the media in fostering peace and unity, particularly in a country divided along ethnic and religious lines. Chairman of the Social Communications Committee of the Catholic Bishops Conference of Nigeria (CBCN), Most Rev. David...
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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
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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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