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OPEC+ Pauses Oil Output Hike Amid Venezuela Uncertainty

05.01.2026
The Organisation of Petroleum Exporting Countries and its allies, OPEC+, have agreed to pause their planned oil supply increases through the first quarter of 2026, opting to maintain current production levels amid a growing global surplus and uncertainty surrounding future output from Venezuela. The decision was reached at a brief meeting on Sunday led by...
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Dangote Refinery Denies Shutdown, Pumps 43M Litres of Petrol

05.01.2026
Officials of the the Dangote Petroleum Refinery have said that the plant pumped 43.3 million litres of Premium Motor Spirit (petrol) into the Nigerian market on Saturday. They exclusively disclosed this to our correspondent, debunking claims that the refinery had shut down its petrol processing unit for maintenance. The officials, who preferred not to be...
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Risks & Concerns for Invest

05.01.2026
Nigeria’s proposed 30 per cent Capital Gains Tax on capital market transactions above N150m has drawn strong opposition from capital market experts who warn that the policy could amount to double taxation for both foreign and local investors, erode investment returns, weaken market liquidity, and trigger capital flight at a time when the market remains...
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WealthBridge unveils N700m university scholarship for studen

05.01.2026
Bridge Charity Foundation, an initiative of WealthBridge Financial Services Holdings Limited, has announced the launch of the Bridge Foundation University Scholarship Programme, a N700m education support initiative aimed at empowering Nigerian university students and expanding access to quality tertiary education nationwide. The scholarship programme targets academically outstanding students who demonstrate leadership potential, strong character, and...
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Nigeria’s First Embryo Transfer Calf to Boost Dairy Industry

05.01.2026
Silagreen International Agro Development Limited, a Nigerian agri-biotech firm, has unveiled the country’s first Embryo Transfer-born Girolando calf at the Harmony Farms centre in Odogbolu, Ogun State. In a statement, the Chief Executive Officer of Silagreen International Agro Development Limited, Michael Akinruli, noted that the arrival of the calf signalled a boost to the Federal...
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IEI shareholders approve N17.5bn recapitalisation plan

05.01.2026
The shareholders of International Energy Insurance Plc have approved the management of the company to raise about N17.5bn in additional funds as part of its recapitalisation drive. The approval was given at the Extraordinary General Meeting of the company, which was held virtually recently. Sunday PUNCH reports that the National Insurance Commission had issued a...
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Wema Bank, Guinness gain as NGX rejigs indices

05.01.2026
Nigerian Exchange Limited has announced the results of its full-year review of major market indices, a move aimed at improving market tracking, liquidity, and portfolio management for investors. The review, which took effect at the opening of trading on Friday, January 2, 2025, covers the NGX 30, NGX Lotus Islamic, NGX Pension, NGX Pension Broad...
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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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