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IMF backs reforms amid calls for budget overhaul

The International Monetary Fund, in its latest Article IV Consultation on Nigeria, praised the Central Bank of Nigeria’s efforts to strengthen the banking sector and drive recapitalisation, but urged fiscal authorities to review the 2025 budget in light of falling oil prices, writes FELIX OLOYEDE The International Monetary Fund provided strong and candid feedback on...
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Banking, Insurance Stocks Drive Market Up

The Nigerian stock market extended its bullish momentum on Thursday as the Nigerian Exchange Limited recorded a gain of N403bn, driven by renewed investor interest in insurance and banking stocks. At the close of trading, the market capitalisation rose to N76.6 tn from N76.2 tn the previous day. The benchmark All-Share Index appreciated by 637.30...
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Royal Exchange Profit Dips 13% to N496.8m

Royal Exchange Plc has reported a profit after tax of N496.8m for the financial year ended March 31, 2025, representing a 13 per cent decline from the N571.3m recorded in the same period in 2024. The group’s earned income also dipped by 16 per cent to N594m in 2025, compared to N706m posted in the...
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Jaiz Bank Profit Jumps 109% in 2024

Jaiz Bank Plc has posted a 109 per cent increase in profit after tax for the year ended 31 December 2024, rising from N11.24bn in 2023 to N23.48bn. The bank’s profit before taxation more than doubled, reaching N24.44bn in 2024 compared with N11.05bn recorded the previous year. Total assets of the bank surged by 86...
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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...