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Few Nigerian Companies Reach 100: Longevity Challenges

The Chief Operating Officer of Apex Network, Joy Alabi-Hundeyin, has asserted that fewer than 10 companies in Nigeria have managed to remain in operation for over 100 years. She disclosed this in her remarks at the Apex Tech Summit held recently at the Landmark Event Centre in Lagos. She said, “While countries like Japan boast...
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Experts Warn of Economic Impact

The Chartered Institute of Financial and Investment Analysts, Nigeria, has urged the Federal Government to harmonise its sugar-sweetened beverage tax policy with the nation’s public health objectives and industrial development goals. The institute warned that steep tax hikes without a coherent framework could hurt the sugar economy, undermine jobs, and fail to achieve the intended...
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Nigeria Boosts Women Digital Exports with $50M Fund

The Federal Government on Thursday unveiled the Women Exporters in the Digital Economy Nigeria programme, a $50m initiative to equip women-led businesses with training, funding, and international market access. Speaking at the launch in Abuja, Minister of Industry, Trade and Investment Dr Jumoke Oduwole said the initiative, jointly developed by the World Trade Organisation and...
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TLcom Deploys Half of $5M Pre-Seed Fund in African Startups

TLcom Capital, the Africa-focused venture capital firm, has deployed half of its $5 m dedicated pre-seed fund, TIDE Africa Pre-Seed Investments, with its most recent investment in TurnStay, a South African travel payment platform that recently closed a $2 m seed round. Launched in 2022, TAPSI aims to extend TLcom’s investment reach to pre-seed stage...
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New Tax Law Threatens Safety Investigations in Nigeria

The Director-General of the Nigerian Safety Investigation Bureau, Capt Alex Badeh, has expressed concerns over the potential negative impact of the newly passed Internally Generated Revenue tax law on the agency’s operations. Badeh made this known during a virtual briefing with journalists on Thursday. According to Badeh, the NSIB is studying the law to determine...
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eTranzact & EDC Partner to Boost AI Adoption in Nigerian SME

eTranzact International Plc has partnered with the Enterprise Development Centre of Pan-Atlantic University to unveil a landmark report titled ‘Artificial Intelligence Readiness of Nigerian SMEs’ in a bid to strengthen the adoption of artificial intelligence among Nigerian Small and Medium Enterprises. The report, launched at the EDC head office in Lagos recently, highlights the transformative...
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A Necessity for Nigeria’s Growt

The Group Managing Director of SO&U, Udeme Ufot, has called for intentional, well-structured, and responsive financing as the critical catalyst for unlocking Nigeria’s creative economy. Ufot made this call at the QEDNG Powerhouse Summit themed “Financing as Catalyst for a Thriving Creative Economy,” organised by Mighty Media Plus Network Limited and QEDNG. A statement on...
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Ibom Air Passenger Ban Lifted by Nigerian Airlines

The Airline Operators of Nigeria has announced the removal of the lifetime ban imposed on Comfort Emmanson, an Ibom Air passenger, who was earlier penalised for unruly conduct. According to a statement issued on Thursday by AON spokesperson Professor Obiora Okonkwo, the decision was made after an appeal from the Minister of Aviation and Aerospace...
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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...