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CPPE Urges FG to Prioritise Domestic Refining in Nigeria

26.12.2025
The Centre for the Promotion of Private Enterprise has called on the Federal Government to urgently support domestic refining and align petroleum policies to favour locally refined petroleum products through targeted fiscal, regulatory, and infrastructural measures. Director of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, said the Nigerian Midstream and Downstream...
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6G Technology to Hit 5 Billion Connections by 2040: GSMA

26.12.2025
Sixth-generation mobile technology is expected to account for more than five billion connections worldwide by 2040, according to a new study by the Global System for Mobile Communications Association, the mobile industry’s global trade body. The transition, however, will be gradual; 4G and 5G are expected to underpin global connectivity for years to come. The...
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Ecobank & BOC Partner to Boost Africa-China Trade

26.12.2025
The Ecobank Group has signed a memorandum of understanding with Bank of China (Mauritius) Limited to deepen cooperation in trade, payments and financial services that support economic activity between China and Africa. This was disclosed in a statement on the website of the pan-African banking group. According to data recently released by China’s General Administration...
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Shareholders Back Guinea Insurance’s N15bn Capital Raise

26.12.2025
The shareholders of Guinea Insurance Plc have expressed support for the plans of the company to raise additional capital. According to a statement from the firm, the approval was given at the company’s recent Extraordinary General Meeting held virtually. The PUNCH reports that there is an ongoing recapitalisation exercise in the insurance sector following the...
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Leadway to Spotlight Young Entrepreneurs at Lifestyle Fair

26.12.2025
Leadway, one of Nigeria’s top non-banking financial services and wellbeing providers, is set to hold its first-ever Leadway Lifestyle Fair, a physical engagement platform designed to give young Nigerian SMEs a more robust platform to showcase their brands, connect with target markets, and gain visibility that will help them scale their businesses. In a statement,...
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NNPC directors’ pay jumps 58% to N4.1bn in new report

26.12.2025
The cost of running the board and workforce of the Nigerian National Petroleum Company Limited rose sharply in 2024, with directors’ fees and expenses climbing to N4.096bn, while total spending on employee benefits surged to N749.7bn, according to the company’s audited financial annual report. An analysis of the 2024 Annual Report by The PUNCH, on...
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Business Automation Platform for Nigerian SMEs

26.12.2025
Levah, a Lagos-based business automation platform, is gaining attention among small and medium-sized enterprises in Nigeria’s retail and hospitality sectors as an all-in-one digital solution for managing core business operations. Led by Chief Executive Officer Azeta Enahoro, Levah is designed to simplify and centralise routine commercial processes by combining point-of-sale services, inventory management, e-commerce site...
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CITN Warns of Risks in New Nigerian Tax Laws

26.12.2025
The Chartered Institute of Taxation of Nigeria has warned of the risks the nation becomes exposed to over alleged discrepancies between the tax laws passed by the National Assembly and the versions that were eventually gazetted. In a position paper signed by the 17th President/Chairman in Council, Innocent Ohagwa, on Wednesday, the CITN stressed that...
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US Stock Market Rallies Ahead of Christmas Holiday

26.12.2025
US stock markets rallied ahead of Christmas, with the S&P 500 hitting a record high during a shortened trading session, as investors bet on possible interest rate cuts by the Federal Reserve next year, Reuters reports. According to Reuters, the benchmark S&P 500 touched an intraday record of 6,921.42 points, surpassing its previous peak in...
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Nigerian Equities Gain N954bn in Christmas Week Trading

26.12.2025
Nigerian equities closed the Christmas-shortened trading week on a positive note as improved investor sentiment lifted the market by N954bn, despite reduced trading sessions. The NGX All-Share Index and market capitalisation both appreciated, supported by gains in key large- and mid-cap stocks, while trading activity moderated week-on-week due to the holidays, TEMITOPE AINA writes Trading...
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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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