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NNPC directors’ pay jumps 58% to N4.1bn in new report

26.12.2025
The cost of running the board and workforce of the Nigerian National Petroleum Company Limited rose sharply in 2024, with directors’ fees and expenses climbing to N4.096bn, while total spending on employee benefits surged to N749.7bn, according to the company’s audited financial annual report. An analysis of the 2024 Annual Report by The PUNCH, on...
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Business Automation Platform for Nigerian SMEs

26.12.2025
Levah, a Lagos-based business automation platform, is gaining attention among small and medium-sized enterprises in Nigeria’s retail and hospitality sectors as an all-in-one digital solution for managing core business operations. Led by Chief Executive Officer Azeta Enahoro, Levah is designed to simplify and centralise routine commercial processes by combining point-of-sale services, inventory management, e-commerce site...
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CITN Warns of Risks in New Nigerian Tax Laws

26.12.2025
The Chartered Institute of Taxation of Nigeria has warned of the risks the nation becomes exposed to over alleged discrepancies between the tax laws passed by the National Assembly and the versions that were eventually gazetted. In a position paper signed by the 17th President/Chairman in Council, Innocent Ohagwa, on Wednesday, the CITN stressed that...
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US Stock Market Rallies Ahead of Christmas Holiday

26.12.2025
US stock markets rallied ahead of Christmas, with the S&P 500 hitting a record high during a shortened trading session, as investors bet on possible interest rate cuts by the Federal Reserve next year, Reuters reports. According to Reuters, the benchmark S&P 500 touched an intraday record of 6,921.42 points, surpassing its previous peak in...
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Nigerian Equities Gain N954bn in Christmas Week Trading

26.12.2025
Nigerian equities closed the Christmas-shortened trading week on a positive note as improved investor sentiment lifted the market by N954bn, despite reduced trading sessions. The NGX All-Share Index and market capitalisation both appreciated, supported by gains in key large- and mid-cap stocks, while trading activity moderated week-on-week due to the holidays, TEMITOPE AINA writes Trading...
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How Health Insurance in Nigeria Can Curb Medical Brain Drain

26.12.2025
The Managing Director and Chief Executive Officer of Ultimate Health, a Health Maintenance Organisation, Lekan Ewenla, in this interview with OLASUNKANMI AKINLOTAN, explains the benefits inherent in health insurance, the challenges affecting the accelerated enrolment in the programme, and solutions for how the sub-sector can change the narrative of the country’s poor health indices How...
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Nigerian MDAs Underfunded by N15tn in Three Years

26.12.2025
Capital spending by Federal Government ministries, departments, and agencies has remained severely constrained over the last three fiscal years, even as retained revenues expanded and debt service absorbed an overwhelming share of available resources, according to findings by The PUNCH. An analysis of data from the Budget Office of the Federation’s Medium-Term Expenditure Framework and...
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Segilola Aligns Mining Growth with Social Impact

26.12.2025
Segilola Resources Operating Limited, a subsidiary of Thor Explorations Ltd. and operator of Nigeria’s first commercial gold mine, has capped a landmark year with a large-scale Christmas celebration that brought festive cheer to more than 2,000 children and their families across its host communities in Osun State. The end-of-year event, held at the Iperindo town...
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Industry Reacts to Farouk Ahmed’s Resignation from NMDPRA

26.12.2025
The Major Energies Marketers Association of Nigeria has said Nigeria will miss Farouk Ahmed following his resignation as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, describing him as a professional regulator who guided the downstream sector through one of its most difficult transitions. The Executive Secretary of MEMAN, Mr Clement Isong,...
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Fidelity Bank donation boosts Ikoyi fire service safety

26.12.2025
Fidelity Bank Plc has donated essential firefighting and preventive equipment, including hoses and gasoline water pumps, to the Ikoyi Fire Service Station in Lagos. In a statement on Monday, it was revealed that the donation was made under the Fidelity Helping Hands Programme by the True Serve team, reaffirming the bank’s commitment to the environment...
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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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