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Otedola defends First Bank’s N748bn loan write-off

02.02.2026
Group Chairman of First Bank Holdings, Mr Femi Otedola, has defended the company’s decision to take a one-time charge of N748bn to clear legacy bad loans, describing the move as a strategic step toward long-term stability despite its impact on reported profits. The billionaire businessman disclosed this via his X handle on Saturday, explaining that...
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How XchangeBox is solving Nigerian farmers finance issues

02.02.2026
In this interview with JUSTICE OKAMGBA, XchangeBox Chief Executive Officer Abiola Jimoh says stringent collateral requirements and delayed payments are constraining Nigerian farmers, eroding their cash flow, pushing them toward costly informal borrowing, and curbing their ability to expand operations Why do Nigerian farmers and small businesses continue to struggle to access loans despite the...
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FG’s N105bn housing budget deemed inadequate by experts

02.02.2026
The Federal Government has increased the budgetary allocation to the Federal Ministry of Housing and Urban Development by seven per cent, raising it from N98.13bn in 2025 to N105bn in the 2026 Appropriation Bill. Budget documents show that the allocation is intended to support housing delivery, urban renewal, renewable energy projects, and federal infrastructure nationwide....
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Elizade JAC & Sterling Bank Offer Auto Financing in Nigeria

01.02.2026
Elizade JAC Autoland Limited says it has entered into a strategic partnership with Sterling Bank Plc to expand access to brand-new vehicles for Nigerians through structured and flexible financing options of up to four years, as both organisations seek to ease long-standing barriers to vehicle ownership. According to a statement made available to The PUNCH...
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NCAA Mandates Accessible Air Travel Options on Tickets

01.02.2026
The Nigeria Civil Aviation Authority has given a seven-day ultimatum to all domestic airlines to integrate a mandatory special needs assistance option on their ticket reservation platforms to improve access for passengers with disabilities and persons with reduced mobility. The directive was contained in a statement signed by the Director of Public Affairs and Consumer...
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How Stable Policies Can Unlock Private Capital for Growth

01.02.2026
The Executive Director, Commercial and Institutional Banking for Lagos and the South-West at The Alternative Bank, Korede Demola-Adeniyi, has called for stronger public-private collaboration and predictable policies to accelerate blended finance and mobilise private capital for inclusive growth. According to a press statement on Thursday, Demola-Adeniyi made the call at the Africa Social Impact Summit...
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IMPI Projects Nigeria’s GDP to Reach 5.5% by 2026

01.02.2026
The policy group, the Independent Media and Policy Initiative, has projected that Nigeria’s Gross Domestic Product will reach 5.5 per cent in 2026, driven by what it describes as the new economic model deployed by President Bola Tinubu. This was disclosed in a policy statement signed by its chairman, Dr Omoniyi Akinsiju, maintaining that its...
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Nigeria’s Courier Business Booms Amid E-commerce Growth

01.02.2026
Courier operators are linking sellers and buyers efficiently, fuelling e-commerce and nearly doubling sector growth in just nine months. Yet, stakeholders caution that the industry continues to face several challenges, writes ARINZE NWAFOR The post and courier sector recorded a turnover of N248.14bn in the first nine months of 2025, indicating the growing role of...
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Telcos Plan N1.4tn for Network Expansion, NCC Confirms

01.02.2026
Nigeria’s mobile-phone operators plan to step up spending on network infrastructure this year, promising to invest more than the over $1bn (N1.4tn) ploughed into the sector in 2025, the Nigerian Communications Commission has said. The commitment comes after a year of heavy capital expenditure last year, when telcos rolled out more than 2,850 new network...
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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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