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BOI Secures $200m AfDB Facility to Boost Nigerian SME Growth

18.05.2026
The Bank of Industry has secured a $200m sovereign-guaranteed thematic financing facility from the African Development Bank Group to expand access to long-term financing for enterprises in strategic sectors of the Nigerian economy. The facility follows approval by the Board of Directors of the African Development Bank Group, according to a statement from the AfDB...
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Coronation Launches Equity Fund for Nigerian Investors

18.05.2026
Coronation Asset Management has launched the Coronation Equity Fund, an open-ended collective investment scheme designed to give investors exposure to the long-term growth potential of the Nigerian equities market. A statement from the firm stated that the launch comes after a strong year for equities, with the NGX All-Share Index delivering a 51.19 per cent...
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Capital Hotel Grows 2025 Revenue by 59%

18.05.2026
Capital Hotel Plc, owners of the Abuja Continental Hotel, closed the 2025 financial year with a 59 per cent year-on-year increase in revenue and a 32 per cent rise in profit after tax. The company, in a statement, attributed the performance to steady demand at its flagship property, the Abuja Continental Hotel, despite prevailing economic...
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Otti Slams Abure Amid Labour Party Crisis Over Forms

18.05.2026
Abia State Governor, Alex Otti, has berated the former National Chairman of the Labour Party, Julius Abure, over the continued sale of governorship nomination forms to aspirants despite the Independent National Electoral Commission’s opposition to his leadership. A viral photograph had shown Abure presenting Labour Party nomination form to a former National Vice Chairman of...
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EFCC Invites Petitions on Borno Senator’s N135m Cash Gift

18.05.2026
The Economic and Financial Crimes Commission has asked Nigerians demanding an investigation into the N135.6m cash donation made by the senator representing Borno Central Senatorial District, Kaka Lawan, to All Progressives Congress officials in the state as Sallah gift, to submit a formal petition to the agency. The anti-graft agency said it would only act...
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NRS denies blanket port demurrage waivers amid agent protest

18.05.2026
Weeks after the Nigerian Revenue Service and the Nigerian Shippers’ Council said they would urge shipping companies and terminal operators to grant waivers to importers and their agents affected by delays linked to the implementation of the National Single Window, licensed agents operating at the nation’s seaports have accused the NRS and the NSC of...
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Nigeria’s Federation Oil Earnings Slump Despite High Prices

18.05.2026
Federation oil earnings from Nigerian National Petroleum Company Limited’s Production Sharing Contract profit distribution fell by N78.71bn in March 2026, despite a strong rally in global crude oil prices during the month, an analysis of NNPC reports presented at Federation Account Allocation Committee meetings has shown. The reports, obtained by Sunday PUNCH, showed that PSC...
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Lagos Eviction Leaves 32 Children with Special Needs Homeles

18.05.2026
It was meant to be a normal morning of therapy, laughter, and carefully structured routines that help children with developmental challenges make sense of their world. But for eight-year-old Chinedu (not his real name), who lives with cerebral palsy and depends on daily guided movement therapy, the day unfolded differently. That morning, after being bathed...
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FG curbs contract inflation with new BPP guidelines

18.05.2026
The Bureau of Public Procurement on Sunday barred Ministries, Departments and Agencies from processing upward revisions of contract sums without first obtaining a Bureau certificate. It also issued guidelines centralising the review of all contract variations and scope modifications under its authority. According to a statement signed by its Head of Press and Public Relations,...
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Nigeria’s Inflation Rate Hits 15.69% on Rising Costs

18.05.2026
Nigeria’s headline inflation rate rose to 15.69 per cent in April 2026, from 15.38 per cent recorded in March 2026, as the surge in food, transport, hospitality, and healthcare costs pushed up consumer prices nationwide. The National Bureau of Statistics disclosed this in its Consumer Price Index report released on Friday. According to the report,...
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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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