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Duty Slash Boosts Vehicle Importation By 67% To 58,870 units

18.05.2026
Following Federal Government’s import tariffs slash on vehicles by 30 per cent, two Nigeria’s roll-on roll-off terminals, Port and Terminal Multiservices Limited (PTML) and Five Stars Logistics, have taken delivery of 3,724 units of used vehicles during the first quarter of the year. The Federal Government in April reduced import tariffs on fully-built passenger vehicles,...
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First Bank and Visa launch multi-currency premium cards

18.05.2026
First Bank of Nigeria Limited, in partnership with global payments firm Visa, has launched the Visa Signature Card and the Naira Visa Debit Card, a dual product rollout aimed at transforming the digital payment landscape across diverse customer segments. The strategic launch introduces advanced payment flexibility, most notably through the premium Visa Signature Card, which...
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NAHCO posts N24bn profit, eyes airport concessions

18.05.2026
The Nigerian Aviation Handling Company Plc has recorded a profit before tax of N24.28bn for the 2025 financial year, while signalling interest in the Federal Government’s planned concession of major airport terminals across the country. The company disclosed this at its 45th Annual General Meeting held in Lagos over the weekend, where shareholders urged management...
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Marketers oppose Dangote’s suit on fuel import licences

18.05.2026
A fresh battle has erupted in the downstream oil sector as depot owners and petroleum marketers pushed back against the Dangote Petroleum Refinery’s suit seeking to stop the importation of Premium Motor Spirit (petrol) into the country. While members of the Depot and Petroleum Products Marketers Association of Nigeria said they would not fold their...
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Oil Nears $110 as Trump Threatens Strike in Iran

18.05.2026
Oil prices rose to $109.3 on Sunday amid the unending tension in the Middle East, data by Oilprice.com has shown. This was as the United States President, Donald Trump, warned Iran that the “clock is ticking” after talks to bring the war to an end continued to stall. From about $107 a barrel last week,...
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Insurers Scramble for N132bn in Nigerian Recapitalisation

18.05.2026
With the July 31 deadline firmly in place, several insurance companies are intensifying efforts to raise fresh capital through rights issues, private placements, mergers, and acquisitions in a bid to avoid regulatory sanctions and possible licence withdrawal, reports JIDE AJIA Across Lagos, Abuja, and other commercial centres, anxiety is rising within the Nigerian insurance industry...
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NCCIMA Lauds Dangote’s Pan-African Investment Expansion

18.05.2026
The Director-General of the Niger Chamber of Commerce, Industry, Mines and Agriculture, Adamu Salihu, has described the Dangote Group as a transformative force in Africa’s economic renaissance, saying the conglomerate is “not only industrialising Nigeria, but indeed the whole of Africa.” Speaking ahead of the Dangote Special Day at the 22nd Niger National Trade Fair...
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Advertising stakeholders back 45-day media payment rule

18.05.2026
Leading voices within Nigeria’s advertising and marketing communications industry have backed the Federal Government’s directive mandating the settlement of media debts within 45 days, describing it as a long-overdue step toward restoring financial discipline and stability in the sector. The directive, championed by the Minister of Information and National Orientation, Mohammed Idris, has continued to...
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Mutual Benefits Targets 48-Hour Insurance Claim Payouts

18.05.2026
Mutual Benefits Assurance Plc has announced a streamlined claims process aimed at providing immediate financial relief to policyholders in a strategic move to redefine efficiency within the Nigerian insurance sector. The company revealed this on Wednesday, May 13, during an official courtesy and strategic engagement visit to PUNCH Nigeria Limited at Punch Place, Magboro, Ogun...
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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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