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FG ending era of failing Nigerian highways

30.10.2025
The Minister of Works, David Umahi, has said President Bola Tinubu’s administration is laying a foundation for a new generation of highways designed to last between 50 and 100 years, marking a sharp departure from Nigeria’s long history of poorly constructed and short-lived roads. Umahi spoke during an inspection of the Abuja–Kaduna–Zaria–Kano Expressway (Section I),...
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LivingTrust Mortgage Bank posts 87% growth in earnings

30.10.2025
LivingTrust Mortgage Bank Plc has reported an impressive 87 per cent year-on-year growth in gross earnings to N5.1bn for the third quarter ended September 30, 2025, compared to N2.7bn recorded in the same period of 2024. The bank’s unaudited third-quarter results reflect strong performance across key financial indicators, reinforcing its position as one of Nigeria’s...
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CBN urged to introduce higher currency notes for naira

30.10.2025
A new economic review by Quartus Economics has urged the Central Bank of Nigeria to introduce higher-value currency notes such as N10,000 and N20,000 bills to restore the naira’s portability and reduce the rising cost of cash transactions. The report, titled “Is Africa’s Eagle Stuck or Soaring Back to Life?”, warned that the naira’s continued...
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NERC marks 20 years of Nigeria electricity regulation

30.10.2025
The Nigerian Electricity Regulatory Commission has rolled out activities to commemorate its 20th anniversary, marking two decades of shaping, reforming, and regulating Nigeria’s electricity supply industry. Established on October 31, 2005, under the Electric Power Sector Reform Act, now replaced by the Electricity Act 2023, the Commission has been at the centre of Nigeria’s turbulent...
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Cadbury Nigeria returns to profit with N9.68bn earnings

30.10.2025
Cadbury Nigeria Plc has recorded a profit after tax of N9.68bn for the nine months ended September 30, 2025, marking a strong rebound from a loss of N11.86bn recorded in the same period of 2024. According to the company’s unaudited financial statement released to the Nigerian Exchange Limited on Wednesday, the performance was driven by...
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Policy and risk blamed for dwindling Nigeria oil investments

30.10.2025
S&P Global Commodity Insights has warned that rigid local content rules and regulatory uncertainty are discouraging foreign investors from Nigeria’s oil and gas sector, despite the country’s vast hydrocarbon potential. According to a presentation at the Lagos Commodity Insights Briefing 2025, S&P Global analysts Ana Ramirez, Olusegun Kolawole, and Layla Mahmood said Nigeria’s position as...
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Agusto & Co. affirms Abbey Mortgage Bank’s ‘A3’ rating

30.10.2025
Pan-African credit rating agency, Agusto & Co., has affirmed the ‘A3’ rating assigned to Abbey Mortgage Bank, with a stable outlook. According to Agusto & Co., Abbey’s stable outlook is supported by its low leverage, steady financial fundamentals, and strong focus on operational efficiency amid a challenging macroeconomic environment. The rating firm highlighted the decline...
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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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