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Foreign Investment in Nigeria’s Trade Sector Plummets 93%

09.09.2025
Foreign investment in trade is declining rapidly due to pressure from foreign exchange and inflation. Analysts believe that carefully navigating Nigeria’s policy shift to local sourcing will bring balance, ARINZE NWAFOR writes Foreign investment inflows into Nigeria’s trading sector have plummeted, with the first quarter of 2025 recording one of the sharpest declines in recent...
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Court Restrains AMCON Over IBEDC Shares Dispute

09.09.2025
The Federal High Court in Lagos has barred the Asset Management Corporation of Nigeria, Polaris Bank Limited, and Archlight Nigeria Limited from taking any action that could affect the outcome of a pending suit filed by the United Bank for Africa. Justice Dehinde Dipeolu made the order on August 18, 2025, after submissions by UBA’s...
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eTranzact Chosen by FIRS for Nationwide e-Invoicing Rollout

09.09.2025
The Federal Inland Revenue Service has certified eTranzact International Plc as a provider for its nationwide e-invoicing rollout, thus expanding the collaboration that began with VAT automation under Tax Administration 2.0. According to a statement from the firm, the approval strengthens eTranzact’s position as a trusted partner in government-led digitisation of tax and business processes....
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Rex Insurance Launches Lagos Retail Campaign

09.09.2025
Rex Insurance has launched its retail campaign in Lagos as it took to the streets of Yaba in a move aimed at demystifying insurance and promoting policy adoption among everyday Nigerians. In a statement on Monday, the campaign titled ‘Retail Street Storm’ saw representatives from the Retail Business Department of Rex Insurance, in collaboration with...
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Providus Bank Wins Best Workplace Award 2025

09.09.2025
Great Place To Work has named Providus Bank among the Best Workplaces in Banking 2025. In a statement on Monday, the bank said that the recognition reflected its unwavering focus on its people and its commitment to creating an environment where talent can thrive and deliver exceptional results. The Best Workplaces in Banking award celebrates...
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Lagos Airport Revamp Faces N712bn Compensation Hurdle

09.09.2025
The Federal Government’s ambitious plan to rehabilitate the Murtala Muhammed Airport, Lagos, at a cost of ₦712bn, is facing a potential legal quagmire. Fresh findings indicate that disputes over compensation for private jet hangar owners may disrupt the project’s progress, raising fears of costly lawsuits and prolonged delays. Investigations reveal that at least three major...
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FG Reschedules Crucial Meeting With Union

09.09.2025
Minister of Labour and Employment, Muhammadu Dingyadi, on Monday moved up a tripartite conciliation meeting aimed at resolving a bitter dispute between the Dangote Group and the Nigeria Union of Petroleum and Natural Gas Workers. The meeting was originally scheduled for 3 p.m. but was brought forward to 10 a.m. By 10 a.m., however, NUPENG...
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Petrol Distributors Reject NUPENG Strike Threat

09.09.2025
The Association of Distributors and Transporters of Petroleum Products has dissociated itself from the intended strike by the Nigeria Union of Petroleum and Natural Gas Workers and its cohorts. The National President of ADITOP, Alhaji Lawan Dan-Zaki, said this in an interview with the News Agency of Nigeria on Monday in Abuja. NAN reports that...
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Fuel Scarcity Looms as NUPENG Shuts Sokoto Filling Stations

09.09.2025
Sokoto residents may soon face acute transportation challenges as members of the Nigeria Union of Petroleum and Natural Gas Workers have begun shutting down filling stations across the state capital. On Monday, union officials were seen closing several petrol outlets and halting the movement of petroleum tankers along major routes, including Gusau Road and other...
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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...

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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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