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AB InBev to Reacquire US Can Plant Stake for $3bn

07.01.2026
Anheuser-Busch InBev, the world’s largest brewer, has announced plans to buy back a 49.9 per cent stake in its U.S. metal container plants for approximately $3 bn, according to Reuters. The deal covers seven plants across six U.S. states, previously sold in 2020 to a group of investors led by Apollo Global Management. AB InBev...
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Why Hospitality Staff Communication Protocols Must Be Reasse

07.01.2026
The Lead Hospitality Consultant at Murphy’s Pro, Omoruan Murphy, has warned that declining workplace etiquette, particularly overly informal staff interactions with vendors and contractors, could damage professional relationships and weaken the industry’s reputation. According to the consultant, the Nigerian hospitality sector must reassess its staff training programmes to ensure that employees maintain professional communication standards...
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Airport police arrest fraudster over N1.25bn fraud

07.01.2026
Operatives of the Nigeria Police Force, Airport Police Command, have arrested a 20-year-old suspected internet fraudster for allegedly defrauding foreign victims, mostly in the United States, of about N1.25bn and several costly electronic gadgets. The suspect, Essien Akpama, was arrested on 5 January 2026 while attempting to board a flight out of Lagos State. Confirming...
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Ecobank Completes Early Repayment of $300m Eurobond

07.01.2026
Ecobank Nigeria Limited has fully repaid bondholders who validly tendered their notes ahead of the February 2026 maturity date. This was disclosed in a statement issued by the bank on Tuesday. The PUNCH reports that Ecobank Nigeria had prepaid approximately $245m of its $300m Eurobond, representing more than 80 per cent of the total issuance....
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Foreign Inflows to Nigeria Hit $14bn on Investor Confidence

07.01.2026
Nigeria attracted nearly $14bn in combined foreign portfolio investment and foreign direct investment in the first nine months of 2025, driven by renewed investor confidence and wide-ranging economic and investment reforms, the Federal Government has stated. According to the Federal Ministry of Industry, Trade, and Investment on Tuesday, this $14bn in combined FPI surpasses the...
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Nigeria’s Poverty Rate May Hit 62% by 2026, Says PwC

07.01.2026
Nigeria’s poverty rate is projected to rise sharply to 62 per cent by 2026, with about 141 million people expected to be living below the poverty line, according to PwC. The projection is contained in PwC’s Nigeria Economic Outlook 2026, titled “Turning macroeconomic stability into sustainable growth.” The report notes that despite recent policy actions...
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Fidelity Bank raises N259bn in private placement

07.01.2026
Fidelity Bank Plc has raised N259bn through a Private Placement of ordinary shares, significantly boosting its capital base as the lender intensifies efforts to meet the new regulatory capital requirements for commercial banks with international authorisation. In a statement issued on the Nigerian Exchange Limited on Tuesday, the bank said the Private Placement was conducted...
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Domestic Traffic Falls, Int’l Rise

07.01.2026
The Federal Airports Authority of Nigeria has revealed a widening imbalance in the nation’s aviation sector, as domestic air travel continues to decline while international passenger traffic records sustained growth. According to the figures, released by FAAN on Tuesday, passenger movements within Nigeria have fallen to their lowest level in three years, underscoring the mounting...
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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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