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Nigeria trade surplus hits N6.69tn amid FX reforms

Nigeria recorded a trade surplus of N6.69tn in the third quarter of 2025, at a 27.29 per cent growth rate, continuing a trend of trade surpluses. Stakeholders attribute the consistent positive performance to the economic reforms in the foreign exchange market. Latest data from the National Bureau of Statistics on foreign trade in goods showed...
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UN & WIFT Push Skills to Grow Fashion Exports in Nigeria

The United Nations and Women in Fashion Tech have called for increased investment to bridge the fashion sector’s knowledge gap and support local fashion businesses to enter foreign markets, following the graduation of 30 women from the Scaling Nigerian Fashion Products for Export Across Global Markets programme. The event, held on Monday at the Garment...
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AI is Critical to Unlocking AfCFTA’s $3.4tn Market

Artificial intelligence will determine the success of the African Continental Free Trade Area and reshape the future of cross-border commerce across the continent, a Senior Lecturer in International Economics and Development, the University of Kigali, Rwanda,  Dr Luqman Afolabi, has said. Delivering a lead paper at the International Conference on Artificial Intelligence and Education in...
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Nigerian Bank Recapitalization: CBN Tightens Controls

Deposit Money Banks are shoring up their capital base as the Central Bank of Nigeria intensifies oversight, reinforcing governance, transparency, and risk management to ensure a resilient, stable financial system, OLUWAKEMI ABIMBOLA writes Nigeria’s banking system remains stable and resilient, a key pillar of the country’s financial stability. Yet the Central Bank Governor, Olayemi Cardoso,...
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Peak Milk highlights innovative growth strategies in Nigeria

FrieslandCampina WAMCO Nigeria PLC, manufacturers of Peak Milk, have announced plans to showcase innovative growth strategies in Nigeria’s dairy sector through its Peak Breakfast Café Nationwide Tour, which is expected to run through December 2025. In a statement to The PUNCH, the company said the experiential platform, which started in October 2025, is reaching communities...
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Chaos at Gombe Airport After Rano Air Flight Cancellation

There was palpable tension on Wednesday evening at the Brigadier Zakari Maimalari Airport in Gombe following the abrupt cancellation of a scheduled Rano Air flight, leaving scores of passengers — including corps members, business owners, and other travellers — stranded without clear guidance or immediate refunds. Eyewitnesses disclosed that what began as a routine delay...
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Nigeria’s Oil Output Rises by 35,000 BPD in November

Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries members in November 2025, pumping 1.436 million barrels per day, up from 1.401 mbpd in October, according to the December 2025 OPEC Monthly Oil Market Report. The figures, drawn from direct communication between member countries and the organisation, show...
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Seamfix & PAPSS partner to enhance cross-border payments

Seamfix has announced a new partnership with the Pan-African Payment and Settlement System, operated by Afreximbank, to deploy a compliance and governance platform aimed at strengthening real-time cross-border payments across Africa. The partnership, disclosed on Wednesday in a statement signed by the Group Chief Executive Officer of Seamfix, Chimezie Emewulu, introduces PGATE, a compliance and...
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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...