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Transcorp Hotels Posts Record Revenue of N97.04bn in 2025

01.02.2026
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reported a historic revenue worth 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. The PUNCH reports that the...
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Rival Ogun Towns Clash Over Eba Island Oil Rights

31.01.2026
After the Atijere community of Ondo State laid claim to Eba Island, two neighbouring towns in the Ogun Waterside Local Government of Ogun State, Ode-Omi and Makun Omi, have laid rival claims to the coastal location reportedly approved by the Federal Government for commercial crude oil exploration, deepening the custodianship dispute in the oil-rich village....
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Naira Exchange Rate Strengthens Below N1,400/$1 Mark

31.01.2026
Nigeria’s naira has traded below the N1,400/$1 level on the official market for the first time in over a year, marking a notable psychological and market milestone for the currency. Data from the Central Bank of Nigeria show that the Nigerian Foreign Exchange Market rate, the determining benchmark for the official market, strengthened to N1,396.99/$1...
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Geregu Power Plc Appoints Sean Manley as Interim CEO

31.01.2026
Geregu Power Plc has appointed Sean Manley as its Interim Chief Executive Officer, effective 2 February 2026, subject to the approval of the Nigerian Electricity Regulatory Commission and the company’s shareholders at the next general meeting. In a notice filed on the Nigerian Exchange Limited on Thursday, the company stated that Manley brings over 30...
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FCMB Posts N177bn Profit in 2025 Financial Year

31.01.2026
FCMB Group Plc has reported a profit after tax of N177bn for the year ended 31 December 2025, marking a 141 per cent increase from N73.3bn recorded in 2024. The performance underscores the bank’s earnings base, driven by higher interest income and improved non-interest revenue streams. The group’s gross earnings rose sharply to N1.13tn in...
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NGX Market Cap Rises by N232bn Amid Trading Slowdown

31.01.2026
The Nigerian Stock Exchange closed higher on Thursday, 29 January 2026, as investors responded to positive market sentiment despite a slowdown in trading activity. The total market capitalisation rose by N232bn, from N105.74tn on Wednesday, 28 January, to N105.97tn, representing a 0.22 per cent increase. Similarly, the All Share Index gained 362.93 points, moving from...
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Access Bank Targets Trade Reset with Africa Trade Conference

31.01.2026
Access Bank Plc has positioned the 2026 edition of the Africa Trade Conference as a strategic forum to shape the future of Africa’s engagement in global trade, drive policy dialogue, and deepen partnerships between African economies and international markets. This was asserted by the Group Managing Director/Chief Executive Officer of Access Bank Plc, Roosevelt Ogbonna,...
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Moniepoint’s N1tn SME loans boost Nigerian businesses

31.01.2026
Moniepoint Inc. has revealed that its microfinance bank disbursed over N1tn in credit to thousands of businesses, from provision stores and supermarkets to building materials sellers, in 2025. This was disclosed in its 2025 Year in Review published on Thursday. The PUNCH reports that in 2025, Moniepoint Inc. achieved unicorn status with the successful completion...
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BUA Foods Reports N508bn Profit After Tax for 2025

30.01.2026
BUA Foods Plc has reported a profit after tax of N507.7bn for the year ended 31 December 2025, representing a 91 per cent increase from N266.0bn recorded in 2024. The growth was supported by higher turnover, improved gross profit, and controlled operating expenses. The Statement of Profit or Loss and Other Comprehensive Income for the...
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REA Targets 1.2M Benue Residents with Solar Power

30.01.2026
The Rural Electrification Agency has said that about 1,207,272 residents of Benue State who lack access to electricity can be powered through solar mini-grids as part of efforts to deepen energy access and attract private investment into the state’s electricity market. This was disclosed on Wednesday during the 24th State-by-State High-Level Roundtable convened by the...
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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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