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Zenith Bank Share Price Rises After Jim Ovia’s Exit

07.05.2026
Zenith Bank Plc recorded a 0.62 per cent increase in its share price at the close of trading on the Nigerian Exchange Limited on Wednesday following Tuesday’s retirement of its founder and Group Chairman, Jim Ovia. The bank’s stock opened at N128.20 and gained 80 kobo to close at N129.00. The bank had officially announced...
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Ezekwesili Demands Adjustment Of INEC Timetable

07.05.2026
The Movement for Credible Elections (MCE) has written to the Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan, demanding an adjustment of the timelines for the 2027 general elections. This, the petitioners said, is to safeguard fairness, ensure inclusivity, and the credibility of the electoral process. MCE, a civil society coalition promoted...
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Nigeria not structurally ready for industrialisation

07.05.2026
Nigeria has yet to meet the structural conditions required to sustain large-scale industrialisation, despite signs of progress, according to the 2025 RED Index of Industrial Development in Africa released by the Business Council for Africa. In a statement by the Business Council for Africa, obtained by The PUNCH on Wednesday, it was disclosed that only...
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2027: All Should Respect APC Zoning Arrangements

07.05.2026
As the 2027 general elections draw near, Governor of Bayelsa State, Douye Diri, has implored all to abide by the zoning principle where it exists in line with the directive in the All Progressives Congress (APC), which said that where consensus fails, the party would conduct direct primaries. This was as has advised politicians in...
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Market sheds N1.3tn as investors exit stocks

07.05.2026
Nigeria’s equities market lost N1.347tn in value as investors exited bellwether stocks, triggering a broad sell-off across key sectors. The decline reflects renewed profit-taking and risk-off sentiment, with heavyweight counters driving the downturn and weighing on overall market capitalisation. Specifically, the All-Share Index declined by 2,098.31 points, representing a loss of 0.86 per cent to...
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Ogun Targets 24-Hour Power, Begins Consumption Audit

07.05.2026
Ogun State Governor, Prince Dapo Abiodun, has announced plans to conduct a comprehensive power audit to determine the state’s actual electricity consumption and improve supply efficiency. The Governor made this known during an unscheduled visit to the 4-megawatt gas-fired Independent Power Plant in Oke-Mosan, Abeokuta, on Wednesday. Speaking during the inspection, Abiodun said the audit...
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Difficulties In Securing Convention Venue Forced Move To Bauchi

07.05.2026
The Social Democratic Party (SDP) has explained that its decision to relocate its forthcoming National Convention from Abuja to Bauchi was due to challenges in securing a suitable venue in the Federal Capital Territory (FCT). The National Chairman of the party, Prof. Sadiq Gombe, disclosed this while addressing party stakeholders at the party’s National Secretariat...
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Tinubu promises Nigeria economic stability to global investo

07.05.2026
President Bola Tinubu has assured global investors of his administration’s commitment to policy stability, transparency, and fiscal discipline, as he sought to strengthen investor confidence during a meeting in Paris, France. The meeting, held on the sidelines of the President’s three-nation trip, brought together top investment firms from Europe, the United States, and Africa, all...
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Nigeria Refiners Struggle with Domestic Crude Supply

07.05.2026
Crude producers offered about $5.17bn worth of crude oil in the first quarter of 2026, even as Nigeria’s local refineries were only able to lift 28.5 million barrels within the same period under the Domestic Crude Supply Obligation framework, findings by The PUNCH revealed on Tuesday. The latest data from the Nigerian Upstream Petroleum Regulatory...
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I apologise for saying no heaven without tithe – Adeboye

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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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