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Nigeria’s Power Generation Stagnant at 5,500MW

27.08.2025
It appears Nigeria’s power grid is defying efforts to ramp up electricity supply to 6,000 megawatts, as electricity on the grid has been hovering around 5,500 MW for months. This came as the Nigerian Electricity Regulatory Commission transferred the regulatory market in Bayelsa State to the Bayelsa Electricity Regulatory Agency. Our correspondent reports that while...
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FCMB Seeks Equity Capital for Expansion in Africa

27.08.2025
FCMB Group Plc has announced plans to raise equity capital to strengthen its financial base and support its regional and international expansion strategy. The development was filed recently with the Nigerian Exchange and communicated to stakeholders, including the investing public. According to the company, the Board of Directors, acting on approval granted by shareholders at...
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Bitget Launches World’s First RWA Index Perpetual Contract

27.08.2025
Bitget, a leading cryptocurrency exchange and Web3 company, has introduced the world’s first Real-World Asset Index Perpetual Contract, allowing traders to gain exposure to tokenised traditional assets such as Tesla, Nvidia, and Circle. In a statement on Sunday, the new product, which went live recently, marks a step in bridging traditional finance and decentralised finance....
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Governance Key for Nigerian Insu

27.08.2025
The Executive Director (Technical), Continental Reinsurance Plc, Chukwuemeka Akwiwu, has urged insurance companies to adopt good governance practices to enable judicious use of the fresh capital that industry players are raising. Akwiwu made this call at the annual retreat of the Risk, Audit, and Compliance Committee, a technical body under the Nigerian Insurers Association, held...
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Capital Formation Crucial for Nigeria’s $1 Trillion Economy

27.08.2025
The Chartered Institute of Stockbrokers has called on the Federal Government to implement urgent economic reforms to reposition Nigeria’s capital market as a key driver for achieving the country’s $1 tn economic target. In a statement made available to our correspondent on Monday, the Chartered Institute of Stockbrokers said the call follows a one-day workshop...
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Trump Fires Fed Official, Asia Stocks Tumble on Tariff Threa

27.08.2025
Asian stocks retreated Tuesday after US President Donald Trump’s series of market-rattling announcements, including an unusual move to fire a central bank official and threats to impose export controls on microchips. Traders had been riding a wave of confidence since Friday’s speech by US Federal Reserve Chairman Jerome Powell, which suggested coming interest rate cuts...
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Nestlé Empowers 2,600 Food Vendors Across 11 States

27.08.2025
Nestlé Professional, the Out-of-Home business arm of Nestlé Nigeria, has empowered over 2,600 food vendors across 11 states since the launch of its Business of Food workshop series. The latest edition of the initiative took place in Bauchi State, where 250 food vendors, canteen operators, and caterers received hands-on training to improve their culinary and...
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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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