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FG Clears $5bn NNPC Debt Ahead of 2028 IPO

31.12.2025
The Federal Government’s approval to write off about $5bn in debts owed by the Nigerian National Petroleum Company Limited is part of moves to prepare the state-owned energy firm for a potential initial public offering in 2028, a new report by Argus has revealed. Energy intelligence firm, Argus, on Monday quoted industry sources as saying...
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NDIC Seeks Exemption From 50% Cost-to-Income Ratio Policy

31.12.2025
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation, Mr Thompson Sunday, has warned that the Federal Government’s 50 per cent cost-to-income ratio policy is limiting the corporation’s ability to build a strong financial buffer to protect depositors. He said the NDIC complies with the policy but added that “the deductions affect NDIC’s ability...
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GTCO gets approval for N10bn private placement

31.12.2025
Guaranty Trust Holding Company Plc has secured approvals from the Central Bank of Nigeria and the Securities and Exchange Commission to undertake a private placement of its ordinary shares worth N10bn, the company announced on Tuesday. The private placement, detailed in a notice filed with the Nigerian Exchange Limited, will involve the allotment of 125...
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Why Bank Narrations Now Matter

31.12.2025
DAMILOLA AINA examines how Nigeria’s planned tax reforms from 2026 will make bank transfer narrations a key factor in determining personal and business tax obligations. Using real-life scenarios and expert insights, it explains why unexplained inflows may be treated as taxable income, how poor documentation could trigger disputes, and why clearer transaction descriptions and better...
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Smart Ways to Safeguard Funds During Yuletide

31.12.2025
Smart ways to safeguard funds during Yuletide Smart ways to safeguard funds during YuletideEven as you settle into the holiday spirit and try to relax, fraudsters are on the lookout for any brief lapse to exploit. In this piece, OLUWAKEMI ABIMBOLA explains how to protect your hard-earned money from their schemes it was a public...
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U.S. stocks slide on rate-cut speculation

31.12.2025
U.S. stocks slipped on Monday as investors weighed expectations of further interest rate cuts by the Federal Reserve, while gold retreated from record highs in a holiday-shortened week. According to Reuters, the Dow Jones Industrial Average fell 219.42 points, or 0.46 per cent, to 48,489.11. The S&P 500 declined 24.21 points, or 0.35 per cent,...
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NNPC restores Escravos–Lagos pipeline after explosion

31.12.2025
The Nigerian National Petroleum Company Limited has restored the Escravos–Lagos Pipeline System to full operations, weeks after an explosion disrupted gas supply along the critical infrastructure corridor in Delta State. NNPC said on Monday that the pipeline, which suffered an unexpected explosion on December 10, 2025, had been successfully repaired, tested, and recommissioned, bringing an...
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Family, Friends, Celebrate Dr Adesi On His Birthday

31.12.2025
Ecomium as family, friends, benefactors and well-wishers of Dr Akpoebi Adesi, Registrar of the University of Africa, Tou-Orua, Sagbama, Bayelsa State, celebrated with him on his birthday, December 29. The ceremony, which was celebrated at his residence at Yenagoa, recorded a series of positive testimonies showered on the man whom everyone described as a good...
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Zenith Pensions Supports 400 Widows via CSR Initiative

30.12.2025
One of Nigeria’s pension fund custodians, Zenith Pensions Custodian Limited, has partnered with Greatlife Changers Foundation to donate raw food materials and festive gifts to over 400 widows during the Yuletide. In a statement on Monday, the custodian noted that the partnership was part of its 2025 Corporate Social Responsibility initiative. The event, which took...
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Tinubu Prioritizing Revenue Over Nigerians’ Welfare

30.12.2025
Following the discrepancies trailing the new tax law, the People’s Democratic Party (PDP) has accused the President Bola Tinubu-led administration of placing revenue considerations above the welfare of Nigerians. This is as the opposition party calls for the suspension of the commencement date of the Tax Act, citing discrepancies between the harmonised and gazetted versions...
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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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