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CSCS Plc Appoints Shehu Shantali as New CEO

The Central Securities Clearing System Plc has announced the appointment of Mr Shehu Shantali as its new Chief Executive Officer, effective 1 January 2026, as the tenure of its current CEO, Haruna Jalo-Waziri, comes to an end. In a statement made available to The PUNCH, the company said the appointment followed the receipt of regulatory...
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Geo-Fluids Proposes N25bn Capital Raise for Expansion

Geo-Fluids Plc has announced plans to significantly increase its share capital and broaden its business scope to include hydrocarbons, mining, and natural resource development, according to a Notice of Annual General Meeting published in The PUNCH. In the notice, shareholders are being asked to consider and approve a substantial increase in the company’s issued share...
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Shareholders push banks as recapitalisation deadline nears

With roughly three months to the end of the expiration of the deadline for recapitalisation in the banking sector, shareholder groups have demanded action from banks that are yet to cross the minimum capital requirement thresholds. In separate interviews with The PUNCH over the weekend, the leaders in the minority investors community lamented that they...
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Importers Face Huge Losses from Lagos Ports Blockage

Stakeholders in the nation’s maritime industry have stated that the country is losing billions to container blockages at the Lagos ports, a development that has sparked widespread outrage and calls for an end to the duplication of the port clearance process by the Maritime Police. This is even as they accused officers of the Maritime...
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15.2M Unsafe Nigerian Homes Highlight National Housing Crisi

The Federal Government has revealed that 15.2 million Nigerian homes are structurally unsafe, highlighting a severe housing crisis across the country. In a post on the ministry’s X handle recently, the Minister of Housing and Urban Development, Ahmed Dangiwa, disclosed the findings during the presentation of the National Housing Data Initiative by the National Housing...
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How Brokers Boost Insurance Penetration in Nigeria

The Chief Executive Officer of Enterprise Life, Nelson Akerele, has said that brokers play a crucial role in bridging Nigeria’s insurance penetration gap. Akerele stated this while participating in the December edition of the Nigeria Council of Registered Insurance Brokers’ Abuja Area Committee Professional Members’ Evening, according to a statement from the firm. According to...
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Firm launches mobile app to curb real estate fraud

1st Choice Properties has unveiled a mobile application designed to promote secure and genuine real estate transactions. At the unveiling in Lagos, the company’s Managing Director, Mr Taiwo Oladapo, and General Manager, Mr Gbenga Agbana, said the app was developed to enable Nigerians to rent, buy, and lease landed properties without fear of fraud or...
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FG Opens Bodo-Bonny Road for Yuletide Season

The Federal Government has temporarily opened the Bodo–Bonny Road to facilitate smoother transportation for residents during the yuletide. The President, who was represented by the Minister of Works, David Umahi, at the temporary opening of the road to ease transportation for residents in the communities along the route during the yuletide festivities, said the road...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...