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Retailers Sell Below Dangote’s N739/Litre

12.01.2026
The price war in the petroleum sector has continued to deepen as some retail outlets have dropped the prices of Premium Motor Spirit (petrol) below the N739 per litre recommended by the Dangote Petroleum Refinery. The PUNCH reports that since the Dangote refinery slashed petrol pump prices from about N900 to N739 in December, many...
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FirstHoldCo appoints new board members for subsidiaries

12.01.2026
First HoldCo Plc has announced a series of new board appointments across its non-commercial banking subsidiaries, in a move aimed at strengthening corporate governance, deepening oversight and positioning the businesses for sustainable growth. The appointments, which received regulatory approvals from the Securities and Exchange Commission and the National Insurance Commission, are part of the Group’s...
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CardinalStone Hits N2tn Transaction Value on NGX

12.01.2026
CardinalStone Securities recorded over N2tn in transaction value on the Nigerian Exchange Limited in 2025, becoming the first stockbroking firm in Nigeria to reach the milestone, according to the Exchange’s latest broker performance report. The firm had earlier crossed the N1tn mark within the same trading year, making it the first broker to exceed both...
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Capital Market Gains N3.84tn on Strong Buying Interest

12.01.2026
Strong buying interest across banking, telecoms and consumer stocks drove a broad-based rally on the Nigerian Exchange last week, lifting market capitalisation by N3.84tn as investors sustained demand for large-cap and fundamentally strong equities. The bullish momentum, which pushed the market above the N100tn mark during the week, was supported by positive market breadth, heavy...
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Geopolitical tensions cause oil prices to rise above $63

12.01.2026
Oil prices have climbed above $63 per barrel, according to data from oilprice.com on Sunday. The rise followed early gains on Friday as protests in Iran escalated, unsettling market participants amid fears that supply from one of the Middle East’s biggest oil producers could be threatened. The uptick came after a rebound on Thursday, following...
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NNPC faces N2.27tn in lawsuits as legal risks escalate

12.01.2026
The Nigerian National Petroleum Company Limited is facing potential legal exposure running into trillions of naira, with pending lawsuits against the state-owned energy firm rising to about N2.27tn in the financial year ended 2024, according to an analysis of its 2024 Annual Report by The PUNCH. The report showed that while the national oil company...
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CIS, ASHON Laud NGX as Capitalisation Crosses N100tn Mark

12.01.2026
The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have congratulated the Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the capital market crossing the N100tn market capitalisation mark. In a joint statement signed by Chairman of ASHON, Samuel Adenagbe, and President and Chairman of...
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11 MDAs Get Over N1tn in Nigeria’s 2026 Budget Proposal

12.01.2026
No fewer than 11 federal ministries, departments, and agencies are projected to receive over N1tn each in the 2026 Appropriation Bill, underscoring the Federal Government’s continued focus on security, infrastructure, governance, and recurrent obligations amid fiscal constraints. The figure represents an increase from 2025, when 10 ministries were allocated more than N1tn each. Before then,...
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NeoLife Reinforces Commitment to Ethical Business Practices

12.01.2026
NeoLife, a global wellness and nutrition firm with operations in more than 50 countries, used its annual President Team Meeting in Lagos on Saturday to underscore its dedication to ethical and transparent business practices. Around 60 of the company’s top-performing partners attended the gathering, which focused on reviewing business strategies, soliciting feedback, and reinforcing adherence...
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I apologise for saying no heaven without tithe – Adeboye

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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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