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Bauchi firm decries exorbitant rent prices

A real estate company in Bauchi, Arico Homes and Properties Limited, has lamented the exorbitant house rent across the state. Arico Homes and Properties Limited, While expressing its concern on the issue through an open letter addressed to landlords in the state, which was made public on its Facebook handle, the company explained that “As...
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Ecobank partners CrediCorp on flexible customer loans

Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation to offer affordable and flexible loans to customers to meet a variety of needs, including paying school fees, rent, maintenance costs, medical bills, car purchases, repairs, asset purchases, and more. In a statement on Saturday, the bank said that the programme was available to civil...
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Fidelity Bank appoints three new board members

Fidelity Bank plc has announced the appointment of three new members to its Board of Directors, following approval from the Central Bank of Nigeria. The appointments, effective January 14, 2025, were disclosed in a regulatory filing on the corporate disclosure portal of NGX Regulation Limited recently. The new appointees include Abdullahi Mohammed as an Independent...
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Arik Air shareholders tackle AMCON over N455bn debt claim

The shareholders of Arik Air, an indigenous airline currently under the control of the Asset Management Corporation of Nigeria, have debunked claims that the debt accruable to the airline’s owner, Johnson Arumem-Ikhide, has risen to N455bn. The shareholders, through a statement signed by their representative, Godwin Aideloje, described as fallacy the debt record of AMCON...
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Wema Bank to reward 131 customers with N11m

Wema Bank will reward 131 customers with N11m in cash prizes during its first 5 for 5 Promo Season 4 monthly draw of 2025 in Warri, Delta State. This was revealed in a statement made available to The PUNCH on Sunday. Among the winners, 80 will receive N25,000 each, 40 will take home N100,000 each,...
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Meristem explains early capital raise by tier-1 banks

The Group Managing Director of Meristem Securities, Sulaiman Adedokun, has revealed why some of the tier-1 banks in Nigeria entered the capital market to raise the additional funds required to meet new regulatory thresholds. Adedokun said this at the Meristem 2025 Annual Outlook Conference held at its headquarters in Lagos recently. Since the fresh recapitalisation...
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Nigerians embrace home gardening amid rising food prices

In this report, DANIEL ADAJI considers how Nigerians have resorted to home gardening to combat food insecurity In recent times, Nigeria has witnessed a significant surge in home gardening, a trend largely driven by escalating food prices and economic challenges. As inflation continues to erode purchasing power, many Nigerians are turning to their backyards, balconies,...
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Schneider Electric advocates AI technologies to drive efficiency

Schneider Electric, a global leader in energy management and automation, has called for the adoption of artificial intelligence technologies to tackle global energy challenges. The firm said AI-powered solutions could enhance energy efficiency, resilience, and decarbonisation while addressing growing global energy demands, the company announced on Sunday in a statement ahead of the 2025 World...
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AfDB, PowerGen to generate 120MW of renewable energy

PowerGen Renewable Energy has partnered with the African Development Bank and other leading international investors to establish a scalable, distributed renewable energy platform. The platform targets deploying 120 megawatts of renewable power in Nigeria and other African countries, including battery energy storage. In a statement on Sunday, PowerGen disclosed that the platform is also a...
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Govt targets passage of Digital Economy Bill by Q2

The Federal Government of Nigeria has set its sights on passing the Digital Economy Bill by the second quarter of 2025, as part of its ongoing efforts to strengthen the country’s digital infrastructure and foster economic growth. The bill, which is currently in the process of review, is expected to lay the foundation for comprehensive...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...