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Sterling Holdco projects N121.8bn gross earnings

01.01.2025
Sterling Financial Holdings Company Plc has projected gross earnings of N121.81bn for the first quarter ending March 31, 2025. In a notice filed on the Nigeria Exchange Limited recently, the projection includes an expected interest income of N89.27bn and interest expenses of N34.82bn, resulting in a net revenue from funds of N54.45bn. The company also...
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Haldane McCall generates N2.5bn via housing units

01.01.2025
A real estate and hospitality company, Haldane McCall Plc, generated N2.5bn from the sale of 34 housing units completed earlier this year in Ketu, Lagos. In a statement made available to our correspondent by the company on Monday, the company said this achievement underscores its commitment to addressing the housing needs of Nigeria’s growing population....
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KFC Nigeria unveils festive meal

01.01.2025
KFC Nigeria has launched its Festive Meal, aiming to enhance the holiday experience while boosting sales during the holiday season. In a statement made available to The PUNCH on Sunday, the company stated that the festive meal, which offers a range of options, aims to strengthen its market presence and capture the festive spirit of...
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Ooni lauds firms for lifting Ekiti’s economy

01.01.2025
The Ooni of Ife, Oba Adeyeye Ogunwusi, has praised the management of Ikogosi Warm Spring Resort and Agbeyewa Farms for their contributions to the economy of Ekiti State. According to a statement, Ogunwusi made these remarks during a two-day tour of the establishments, highlighting their roles in fostering rural development and economic growth. Speaking at...
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Finance ministry inaugurates anti-corruption unit committee

31.12.2024
The Federal Ministry of Finance has inaugurated its Anti-Corruption and Transparency Unit Committee to enhance transparency and accountability within the public service. This was according to a statement by the Director of Information and Public Relations at the Ministry of Finance, Mohammed Manga, on Monday. The statement read, “The Federal Ministry of Finance has taken...
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Transport ministry plans 57% of budget for Lagos railway

31.12.2024
The Federal Ministry of Transportation has allocated 57 per cent of its 2025 budget to the Lagos Green Line Rail Project, a development that triggered criticism. The allocation made Nigerians question how the ministry will manage other critical transportation projects when such a significant portion of its budget is to be channelled into a single...
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Telcos fear shutdown, insist on tariff hike

31.12.2024
Nigerian telecom operators have sounded the alarm over the consequences of delaying a tariff review beyond the first quarter of 2025, warning that inaction could jeopardise the sector’s growth, operational stability, and contribution to the economy. For the first time in over a decade, operators have consistently called for a tariff adjustment this year, citing...
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CBN, SEC approve FCMB Group’s rights offer

31.12.2024
The Central Bank of Nigeria and the Securities and Exchange Commission have approved the N147bn rights offer of FCMB Group. This was disclosed in a statement issued on Monday which was signed by the Company Secretary, Olufunmilayo Adedibu. This marked the second approval from the CBN in days on the first tranche of capital-raising exercise...
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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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