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Nigerian Equity Market Rebounds With N694bn Gain

12.12.2025
The Nigerian Exchange closed Thursday on a strong note, rebounding with a N694 bn gain after a week of losses as investors returned to the market, driving selective gains across key sectors. The NGX All-Share Index rose by 1,088.61 points, or 0.74 per cent, to close at 147,950.59, bringing the market’s year-to-date gain to 43.74...
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Schneider unveils multimodal hub for students in Rivers

12.12.2025
Schneider Electric has launched a multimodal centre at the Federal Polytechnic of Oil and Gas, Bonny Island, Rivers State, marking a major step in its efforts to expand access to education and support youth development in Nigeria, the company said on Thursday. The facility, designed to ease travel challenges and provide students with reliable access...
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1,000 Students Get School Essentials

12.12.2025
Polaris Bank, in partnership with Evolve Charity Trust, has successfully concluded its 2025 nationwide distribution of school essentials to 1,000 students across 10 public secondary schools in five states, including the Federal Capital Territory. A statement from the bank on Thursday stated that the initiative is part of the bank’s sustained Corporate Social Responsibility efforts...
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NIVEA Launches N3bn Promo to Reward Loyal Consumers

12.12.2025
NIVEA has launched a N3bn National Consumer Promotion to reward loyal shoppers and strengthen its market presence as the skincare brand closes 2025. In a statement, the company confirmed that the nationwide rollout covers six lotion variants and offers instant airtime, weekly cash rewards, NIVEA product vouchers, SUVs and all-expense-paid trips to watch Real Madrid...
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Dangote launches N1tn education fund for 1.3m students

12.12.2025
Nigerian industrialist Aliko Dangote, on Thursday, announced a N100bn annual education support initiative, describing it as a long-term investment aimed at reducing financial barriers that drive millions of young Nigerians out of school. According to a statement, the programme is expected to cost more than N1tn over the next decade. Speaking at the launch in...
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Nigeria’s power grid weakens as plant availability drops

12.12.2025
Nigeria’s power grid slipped further in November as new data from the Nigerian Electricity Regulatory Commission revealed a fresh decline in available generation capacity despite improved output from leading hydro and gas plants. The November 2025 Operational Performance Factsheet, released on Thursday, showed that plant availability dropped to 41 per cent, down from 42 per...
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Nigerian Firms Lack Deep Offshore Drilling Capacity: Ministe

12.12.2025
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said that no Nigerian company currently has the capacity to undertake drilling in deep offshore, stressing the need to strengthen local capacity without misapplying local content laws. Speaking at the just-concluded Practical Nigerian Content Forum organised by the Nigerian Content Development and Monitoring Board...
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Tinubu sends 2026–2028 fiscal framework to Reps

12.12.2025
President Bola Tinubu on Wednesday transmitted the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper to the House of Representatives for consideration and approval. The President’s letter, read during plenary by Deputy Speaker Benjamin Kalu, who presided over the session, urged lawmakers to give the documents prompt attention. According to the letter, “It is...
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FG to Capture N4tn Power Sector Bond in MTEF

12.12.2025
The Federal Government on Thursday announced that the newly launched power sector liquidity bond, designed to settle decade-long N4tn debts owed to electricity generation companies will be fully captured in the country’s Medium-Term Expenditure Framework, a move officials say strengthens its credibility and guarantees repayment. This will also increase the nation’s public debt by N4tn....
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Sahara Group Unveils Community Impact Project for Locals

12.12.2025
Sahara Group, an international energy and infrastructure conglomerate, unveiled its community impact project, tagged ‘SCIP’, on Wednesday. During the unveiling at the Sahara Group head office in Lagos, the Director of the Sahara Group Foundation, Chidilim Menakaya, said the Sahara Community Impact Project is designed to establish business hubs within local communities by leveraging their...
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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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