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Market Soars on Bullish Trading

The Nigerian Exchange recorded a market capitalisation increase of N1.18tn on Wednesday, driven by investor optimism and corporate earnings, especially from Oando Plc. At the close of trading, the All-Share Index climbed by 1,466.87 points, representing a 1.22 per cent gain to close at 121,257.69. This marks a one-week gain of 3.83 per cent and...
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Oando Q1 Profit Surges 90.5% to N113bn

Oando Plc has posted a profit after tax of N113.06bn for the first quarter ended March 31, 2025, representing a 90.5 per cent increase from the N59.35bn reported in the corresponding period of 2024. This growth was largely driven by a tax credit of N165.62bn and a reversal of impairment losses amounting to N182.29bn, which...
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Air Peace Expands Fleet: New Embraer 190 Arrives

Air Peace has received its first Embraer 190 aircraft, strengthening its regional operations, with a second aircraft of the same type expected to arrive in July 2025. The newly arrived 118-seater aircraft, registered as 5N-CEF, touched down at the Murtala Muhammed International Airport in Lagos on Sunday. This marks the debut of the Embraer 190...
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World Bank Urges Policy Reform

The World Bank has warned that restrictive trade and investment policies adopted by many governments are threatening to choke off foreign direct investment, which remains critical to economic growth in Nigeria and other developing economies. In a report released ahead of the Conference on Financing for Development scheduled to take place in Seville, Spain, from...
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Green AC Line Launched in Nigeria

Somotex Nigeria Limited, in collaboration with the Federal Government, has commissioned a new production line for environmentally friendly air conditioners at its factory located at 1, Olorunfunmi Street, off Kudirat Abiola Way, Ojota, Lagos.  The new line, designed to manufacture air conditioners using R-32 refrigerant, is aimed at supporting Nigeria’s national climate and energy efficiency...
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Key to Creative Agency Success (60 chara

Creative agencies are increasingly turning to project management professionals to help navigate rising campaign challenges, a new survey conducted for the Project Management Institute has revealed. Released at the ongoing Cannes Lions International Festival of Creativity 2025, the findings showed that 97 per cent of campaign professionals had experienced at least one major setback in...
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Visa Appoints New Regional President for Growth

Visa Inc. has appointed Tareq Muhmood as the Regional President for Central and Eastern Europe, the Middle East and Africa, as the global payments company seeks to consolidate its presence across 86 dynamic markets in the fast-growing region. The company announced the appointment on Tuesday in a statement, noting that Muhmood will be responsible for...
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Zinox Chair’s Advice to Nigerian Entrepreneurs

Chairman of Zinox Group, Leo Stan Ekeh, has urged young Nigerian entrepreneurs to focus on building lasting systems that drive national development rather than chasing quick wealth. Ekeh gave this advice while addressing a gathering of young business leaders, where he shared insights drawn from his decades-long experience in building one of Africa’s foremost technology...
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30,000 Victims Get UNICEF, IHS Support

In a joint emergency intervention aimed at addressing the devastating impact of recent floods in Niger State, the United Nations Children’s Fund and IHS Nigeria have launched a comprehensive humanitarian response to support more than 30,000 displaced persons in Mokwa Local Government Area. The effort follows torrential rainfall on 29 May, which triggered severe flash...
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TotalEnergies Projects N543m Q3 Profit

TotalEnergies Marketing Nigeria Plc has projected a profit after tax of N543m for the third quarter ending September 30, 2025, despite significant finance costs impacting overall profitability. The company expects revenue of N177.1 billion for the period, with a cost of sales estimated at N150.6 billion, resulting in a gross profit of N26.5 billion. Operating...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...