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SEC raises capital requirements for market operators in Nige

20.03.2026
The Securities and Exchange Commission has officially raised the minimum capital requirements for all Capital Market Operators in a move designed to overhaul the backbone of Nigeria’s financial ecosystem. The new directive, rooted in the Investments and Securities Act 2025, marks a significant shift towards higher financial resilience. Under the revised framework, broker-dealers must now...
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Nigeria’s N9tn Petrol Import Bill Despite Local Refining

20.03.2026
Nigeria’s dependence on imported petrol persisted in 2025, with oil marketers spending N8.96tn on Premium Motor Spirit (petrol) imports between January and December, despite increased investments in domestic refining capacity. An analysis of the latest foreign trade data released by the National Bureau of Statistics on Thursday showed that petrol, code-named “Motor spirit ordinary,” remained...
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NUPRC Probes Gas Bubbling Incident in Rivers Community

20.03.2026
The Nigerian Upstream Petroleum Regulatory Commission has commenced an investigation into a gas bubbling incident in Bille Community, Rivers State, amid concerns over safety, environmental impact, and public health. Gas bubbling occurs when gas trapped beneath the earth’s surface escapes through soil or water, often forming visible bubbles and raising concerns about possible environmental and...
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Global Interest Drives Nigerian Market Re-rating

20.03.2026
The Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, Temi Popoola, has said Nigeria’s capital market is undergoing a re-rating as global investors begin to reassess the country’s economic trajectory and investment potential. Speaking during a live interview on the BBC’s ‘Newsday’ programme in London, as part of broader investor and...
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Tariff protests may disrupt port operations, warns NSC

20.03.2026
The Executive Secretary/Chief Executive Officer of the Nigerian Shippers’ Council, Dr Pius Akutah, has warned that prolonged industrial disputes within the maritime sector could disrupt port operations and negatively impact trade and economic activities. Akutah stated this in a statement on Thursday obtained by The PUNCH. He called on freight forwarders to embrace dialogue as...
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MultiChoice extends deadline for 2026 talent programme

20.03.2026
MultiChoice Talent Factory, the Pan-African film and television training institution, has extended the application deadline for its 2026 intake to April 27. The institute said in a statement on Wednesday that it is giving aspiring African filmmakers, directors, producers, scriptwriters, and storytellers more time to apply for the fully funded programme. The initiative, established by...
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US Stocks Fall on Rising Energy Costs and Rate Pause

20.03.2026
Wall Street stocks retreated early Thursday on the latest jump in energy prices as leading central banks decided to hold interest rates steady in light of inflation risk. International benchmark Brent surged 10 per cent before falling back, while European gas rose 35 per cent following the latest attacks on energy infrastructure in the Middle...
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MTN Nigeria Rebounds With N1.1tn Profit for 2025

20.03.2026
MTN Nigeria has reported a staggering N1.1tn profit for the 2025 financial year. This turnaround marks a significant departure from the fiscal headwinds of 2024, signalling a robust resurgence in the country’s digital economy. Speaking on Channels Television on Tuesday, the Chief Financial Officer of MTN Nigeria, Modupe Kadri, broke down the numbers that defined...
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Guinea Insurance launches N5.8bn Rights Issue for growth

20.03.2026
Guinea Insurance Plc has officially kicked off its recapitalisation journey with the launch of a N5.8bn Rights Issue in a decisive move to solidify its market position and meet looming regulatory requirements. The move, formalised during a signing ceremony in Lagos, is designed to fortify the company’s balance sheet well ahead of the industry-wide 31...
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Stakeholders Push for Equity in Housing Sector in Nigeria

20.03.2026
Stakeholders in Nigeria’s built environment have renewed calls for greater inclusion and equity in the construction and housing sector, emphasising the need to expand opportunities for women and promote wealth creation across the industry. The call was made in a statement issued on Thursday by the Founder of the Africa Women in Housing and Construction,...
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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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