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Oil prices slip as ships pass through Strait of Hormuz

07.04.2026
Oil prices edged down Monday amid subdued Easter holiday trading as investors took some encouragement from news of some oil tankers passing through the Strait of Hormuz. “There is definitely some sort of volumes being shipped through the strait—by far not at all normalising the commercial ship traffic—but it’s definitely a step in the right...
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CBN’s BVN Overhaul to Boost Nigerian Banking Security

07.04.2026
Nigeria’s financial regulator is strengthening identity requirements around the Bank Verification Number, a system central to customer authentication across the banking sector. SAMI TUNJI examines how the revised framework brings tighter controls on enrolment, data access, and transaction monitoring, amid growing concerns over fraud and identity abuse The Central Bank of Nigeria has introduced stricter...
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Nestlé Nigeria courts Gen Z with new MAGGI campaign

07.04.2026
Nestlé Nigeria has officially signalled a strategic shift towards younger consumers with the unveiling of rising music sensation Qing Madi as the face of its latest MAGGI campaign, ‘Me & MAGGI, So Good Together’. The partnership, announced at Nestlé’s head office in Lagos, marks a deliberate move to evolve the iconic culinary brand from a...
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NGX weekly turnover declines to 2.856 billion shares

07.04.2026
Activity on the floor of the Nigerian Exchange Limited cooled significantly last week as the market operated for only four trading days ahead of the Easter public holidays. With the federal government declaring Friday and Monday as work-free days, investors appeared cautious, resulting in a notable dip in participation. Total turnover fell to 2.856 billion...
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NAHCO announces N12.18bn dividend for shareholders

07.04.2026
The Nigerian Aviation Handling Company Plc has announced a significant payout for its investors, recommending a total cash dividend of N12.18bn for the 2025 financial year. The move follows a period of stellar financial performance where the West African aviation logistics leader maintained a double-digit growth trajectory across all primary business metrics. Under the new...
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Coronation Insurance unveils customer loyalty rewards progra

07.04.2026
Coronation Insurance Plc and Coronation Life Insurance Limited have officially conducted the first raffle draw for the ‘Insure and Win Promo 2.0’, a nationwide initiative designed to reward policyholders for their continued partnership and trust. The event, which was live streamed on YouTube at the firm’s head office in Lagos, marked the first major milestone...
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FG probes alleged plot against local barge operators

07.04.2026
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed the Nigerian Shippers’ Council to investigate allegations of systemic efforts to undermine local barge operators at the nation’s seaports. The directive was made through a statement signed by the Special Adviser to the Minister, Federal Ministry of Marine and Blue Economy, Bolaji Akinola, on...
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Electricity Tariff Hike Imminent in Nigeria as Gencos Push

07.04.2026
Electricity generation companies have called on the Nigerian Electricity Regulatory Commission to urgently review electricity tariffs following the Federal Government’s recent increase in the domestic base price of gas, warning that delays could worsen liquidity challenges and distortions across the power sector. The Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji,...
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Firms launch embedded power in Lagos to replace gensets

07.04.2026
Transgrid Enerco Limited and Decentralised Energy Limited have signed a strategic collaboration agreement aimed at addressing persistent electricity shortages in Lagos, marking a significant private-sector intervention in Nigeria’s struggling power industry. The deal, announced in a statement on Monday by Decentralised Energy, comes after President Bola Tinubu approved a N3.3tn payment plan to stabilise Nigeria’s...
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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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