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Investors lose N81bn as bears dominate NGX trading

19.05.2026
The Nigerian equities market opened the week on a marginally bearish note on Monday, as mild profit-taking activity dragged key performance indicators lower on the Nigerian Exchange Limited. At the close of trading, the market capitalisation of listed equities declined slightly by N81bn or 0.05 per cent to close at N160.362tn, down from the N160.443tn...
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Prestige Assurance posts N535m Q1 profit after tax

19.05.2026
Prestige Assurance Plc has announced a profit after tax of N535.57m for the first quarter ended 31 March 2026, representing a seven per cent decline compared to the N574.90m recorded in the corresponding period of 2025. According to the company’s unaudited financial results at a glance, obtained from the NGX on Monday, the dip in...
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Hashim Calls For Broader Counter-Terror Strategy

19.05.2026
A former presidential candidate, Gbenga Hashim, has called for a more comprehensive and coordinated counterterrorism strategy following the reported killing of a senior Islamic State commander, Abu Bilal al-Minuki, in a joint operation involving the United States and the Nigerian Armed Forces. Hashim, in a statement described the development as a clear demonstration of the...
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Insecurity is Top Business Challenge in Nigeria: CBN Survey

19.05.2026
Businesses across Nigeria have identified insecurity as their biggest operational challenge in April 2026, ahead of multiple taxation, high interest rates, and bank charges, according to the latest Business Expectations Survey released by the Central Bank of Nigeria. The report stated that “survey responses for April 2026 indicated that insecurity (74.1), high/multiple taxes (70.5), high...
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Nigerian Crude Nears $120 Amid US-Iran Crisis

19.05.2026
Nigerian crude is again edging towards $120 per barrel as the conflict in the Middle East shows no sign of ending. The PUNCH reports that data from the Central Bank of Nigeria showed that Bonny Light, Nigeria’s flagship crude oil grade, traded at about $117 per barrel, gradually returning to its April level when prices...
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Makinde And His 2027 Gamble

19.05.2026
The race to the presidency in 2027 is getting more exciting. Last Thursday, May 14, at the ancient Mapo Hall in Ibadan, the Oyo State capital, Governor Seyi Makinde formally threw his hat into the ring and organised a spectacle that could only have been funded by Oyo State taxpayers’ money. His declaration to contest...
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Fintech revamp leads to $100m in customer payouts

19.05.2026
A proprietary investment platform, Rank Capital, has revealed that its consolidated financial ecosystem successfully disbursed over $100m to users across Africa within the last 12 months. This was contained in a statement sent to The PUNCH on Saturday, 16 May 2026, following a major corporate restructuring and a sweeping expansion drive by the firm. According...
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How Rising Diesel Prices Are Driving Up Property Rates

19.05.2026
A report by Estate Intel has stated that higher diesel costs reduces developer profit margins and increase property sale prices. Estate Intel explained that the recent report titled ‘Impact of the USA/Iran War on Nigeria’s Real Estate’ examines the impact of the ongoing crisis on Nigeria’s construction sector, real estate activities, and the nation’s economic...
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LAWMA to audit facilities to improve workplace safety

19.05.2026
The Lagos Waste Management Authority has announced plans to conduct a comprehensive safety audit of its operational facilities across Lagos State, as part of ongoing efforts to strengthen workplace safety, improve operational standards, and enhance service delivery. The Director, Public Affairs, at the LAWMA, Mukaila Sanusi, stated this in a statement on Friday obtained by...
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Women Own 40% of Nigerian Businesses, Yet Lack Credit Access

19.05.2026
A new national study has revealed a profound mismatch between female enterprise ownership and access to institutional finance in Nigeria, disclosing that while women own nearly 40 per cent of businesses across the country, they continue to receive a disproportionately small share of formal credit. The Gender Equity and Social Inclusion Baseline Report, launched by...
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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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