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Linkage Assurance Revenue Grows by 24% to N27.6bn in 2025

02.02.2026
Underwriting company Linkage Assurance Plc delivered a robust operating performance in the 2025 financial year, driven by premium growth across its insurance portfolios. This performance was reported in the company’s unaudited financial statements for the period ended 31 December 2025, filed on the Nigerian Exchange Limited. According to the report, the company posted a 24...
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PwC Cautions Firms on Slow Interest Rate Relief in Nigeria

02.02.2026
PwC warns that even as Nigeria’s macroeconomic stability improves, with easing inflation and stronger business confidence, the benchmark interest rate is unlikely to fall as quickly as businesses hope. This was discussed in Lagos at PwC’s Executive Roundtable on Nigeria’s 2026 Budget and Economic Outlook, held in partnership with BusinessDay, where senior PwC partners, economists...
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Beer Sales Boost International Breweries’ Revenue by 27%

02.02.2026
International Breweries Plc recorded a rebound in its financial performance in the 2025 financial year, as revenue rose by 26.8 per cent to N620.1bn, from N489.0bn in the corresponding period of 2024, driven largely by improved beer sales volumes, better pricing, and stronger market demand. The revenue growth reflects a gradual recovery in consumer spending...
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NigComSat-2 gets N420m budget allocation despite funding cut

02.02.2026
The Federal Government has proposed a budgetary allocation of N420.97m for the NigComSat-2 Project in the 2026 fiscal year, signalling a scaled-down but sustained push to advance Nigeria’s next-generation satellite communications programme. Details from the 2026 Appropriation Bill show that the allocation to Nigeria Communication Satellite Limited represents a decline from the N601.39m provided for...
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How Tax Reforms Can Unlock Nigeria’s Oil and Gas Value

02.02.2026
Stakeholders in Nigeria’s oil and gas industry have said recent fiscal reforms, particularly the Nigeria Tax Act 2025, hold significant potential to unlock value across the country’s energy value chain if effectively implemented. They made this known at the 2026 Oil and Gas Symposium organised by the Nigerian Institution of Petroleum Engineers in Abuja, where...
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Capital Gains Tax Backed for Nigerian Market Stability

02.02.2026
The Managing Director/Chief Executive Officer of Arthur Stevens Asset Management Limited, Mr Tunde Amolegbe, has stated that Nigeria’s proposed 25 per cent capital gains tax on investment profits could play a crucial role in reducing market volatility and discouraging speculative “hot money” flows, particularly from foreign investors. Amolegbe said this on Friday at the 2026...
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Kuda targets hybrid banking with new national licence

02.02.2026
Kuda Microfinance Bank has said that it would blend its digital-first operations with physical touchpoints across the country under its newly issued national licence. This was disclosed in a statement issued by the company on Friday. The Central Bank of Nigeria recently upgraded Kuda Microfinance Bank’s licence to a national one, which means that it...
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Transcorp Hotels Revenue Hits N97bn, Profit Surges in 2025

02.02.2026
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reported a historic revenue of N97.04bn in 2025, which is 38 per cent higher than N70.13bn in the previous year. This was indicated in the audited financial reports of the company filed with the Nigerian Exchange Limited on Friday. Sunday PUNCH reports that the...
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SERAP sues NNPCL over missing oil revenue funds

02.02.2026
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over its alleged failure to account for N22.3bn, $49.7m, £14.3m and €5.2m in oil revenue. This was disclosed in a statement issued by SERAP Deputy Director, Kolawole Oluwadare, on Sunday The action follows allegations contained in the 2022...
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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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04.10.2024
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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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