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MTN Nigeria Rebounds With N1.1tn Profit for 2025

MTN Nigeria has reported a staggering N1.1tn profit for the 2025 financial year. This turnaround marks a significant departure from the fiscal headwinds of 2024, signalling a robust resurgence in the country’s digital economy. Speaking on Channels Television on Tuesday, the Chief Financial Officer of MTN Nigeria, Modupe Kadri, broke down the numbers that defined...
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Guinea Insurance launches N5.8bn Rights Issue for growth

Guinea Insurance Plc has officially kicked off its recapitalisation journey with the launch of a N5.8bn Rights Issue in a decisive move to solidify its market position and meet looming regulatory requirements. The move, formalised during a signing ceremony in Lagos, is designed to fortify the company’s balance sheet well ahead of the industry-wide 31...
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Stakeholders Push for Equity in Housing Sector in Nigeria

Stakeholders in Nigeria’s built environment have renewed calls for greater inclusion and equity in the construction and housing sector, emphasising the need to expand opportunities for women and promote wealth creation across the industry. The call was made in a statement issued on Thursday by the Founder of the Africa Women in Housing and Construction,...
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Zamfara NSCDC Deploys 643 Personnel For Eid-el-Fitr

The Zamfara State Command of the Nigeria Security And Civil Defense Corps (NSCDC) has announced the deployment of 643 personnel to ensure secured environments as the spirit of the festive period of ed-el-fitr is around the corner. This is contained in a statement signed by the Zamfara NSCDC Command’s Spokesperson, ASCI Umar Mohammad M. saying,...
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Poor succession threatens Nigerian family businesses

The Lagos Business School has warned that poorly managed leadership transition, not market competition, remains the biggest threat to the survival of family-owned businesses in Nigeria. In a statement, the Family Business Initiative called for stronger governance structures to ensure accountability without weakening family cohesion. Family-owned enterprises dominate Nigeria’s SME landscape and provide employment across...
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Bauchi Begins March Salary Payment

The Bauchi State Government has commenced payment of March salaries to civil servants across the state ahead of the forthcoming Eid alFitr celebrations. The State Head of Service, Sani Umar, disclosed this during a press briefing Wednesday in Bauchi. Umar said Governor Bala Mohammed directed the immediate payment of salaries to enable workers prepare for...
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Ovaltine opens £24m manufacturing facility in Lagos

British beverage maker Twinings Ovaltine has opened a £24m manufacturing facility in Lagos, marking its first production site in Africa and expanding trade ties between the United Kingdom and Nigeria. The facility, which is expected to create more than 100 direct jobs, will increase the company’s production capacity and boost exports across West Africa. The...
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Airport Intrusion Fears Rise in Nigeria After Security Breac

Aviation security experts have raised fresh concerns over the safety of Nigerian airports, warning that incidents of intrusion and security breaches may persist unless urgent steps are taken to strengthen infrastructure and surveillance systems. The warning follows a recent security breach at Akure Airport in Ondo State, where suspects believed to be suppliers to kidnappers...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...