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UAC posts N341bn revenue after CHI acquisition

01.04.2026
UAC of Nigeria Plc has announced a transformative set of audited financial results for the year ended 31 December 2025, headlined by a 73 per cent surge in revenue to N340.5bn. The Group’s performance was bolstered by the strategic acquisition of C.H.I. Limited and sustained organic growth across its existing portfolio, signalling a new era...
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Nigerian real estate exec Victor Adegbile gets global award

01.04.2026
Chief Executive Officer of Land Republic, Victor Adegbile, has received international recognition following his honour at the Leaders Without Borders Annual Business Summit and International Honours held in London, United Kingdom. Adegbile was presented with the Award for Global Excellence and Global Impact in Real Estate Investment and Development Across Africa during the summit, according...
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Dangote exports aviation fuel to UK amid shortages

01.04.2026
Nigeria has emerged as an alternative supplier of aviation fuel to Europe as disruptions linked to the US-Iran conflict tighten supplies from the Middle East, with a cargo from the Dangote Petroleum Refinery arriving in the United Kingdom. An impeccable source at the Dangote refinery confirmed the development to our correspondent, saying many European countries...
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Hyundai Nigeria debuts all-new Palisade & other models

01.04.2026
Hyundai Nigeria has reinforced its presence in the Nigerian auto market with the unveiling of the all-new Hyundai Palisade, alongside a lineup of other models, at a media showcase held in Lagos. The event held over the weekend provided journalists and stakeholders with a first-hand look at Hyundai’s expanding portfolio, ranging from entry-level sedans to...
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Stakeholders Seek Lagos Airport Expansion for Hub Potential

01.04.2026
Aviation stakeholders have called for the urgent expansion of apron space at the Murtala Muhammed International Airport, Lagos, warning that existing limitations are constraining aircraft movement and undermining the airport’s potential to operate as a regional hub. This was made public through a communiqué issued after the Q1 Business Breakfast meeting of the Aviation Safety...
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NERC Pushes DisCos for Free Meter Installations in Nigeria

01.04.2026
The Nigerian Electricity Regulatory Commission has urged electricity distribution companies and meter asset providers to accelerate meter installations as part of efforts to close Nigeria’s metering gap. The commission made this known in a statement posted online on Tuesday, following a NESI Metering Stakeholders’ Meeting held recently. According to the regulator, the meeting focused on...
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Stock market rebounds as Nigerian ASI rises 0.40%

01.04.2026
The Nigerian equities market snapped a recent bearish streak on Tuesday as the benchmark All-Share Index rose by 0.40 per cent to close at 201,287.78 points. This upward momentum pushed the year-to-date return to 29.35 per cent, translating into a significant N516bn gain in market capitalisation, which settled at N129.21tn. The rally was primarily underpinned...
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Nigeria Raises Gas Price for Power Generators to $2.18/MMBtu

01.04.2026
Nigeria’s subsidy-related fiscal burden in the power sector is expected to climb further as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has increased the price of natural gas for power generation companies to $2.18 per million British thermal units. The NMDPRA disclosed this in a public announcement signed by the...
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Nigerian Banks Report $1.7bn Gain from Foreign Exchange

01.04.2026
Nigerian banks recorded an extraordinary $1.7bn in foreign exchange gains in 2023, according to the 32 page McKinsey report titled From potential to performance: A snapshot of African banking. The FX windfall accounted for an estimated 40 per cent of total operating income for Nigeria’s top banks and was 100 times larger than FX gains in 2022,...
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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
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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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