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Oando Approves $1.5Bn Issuance Plan to Boost Growth

Oando Plc has approved a multi-instrument issuance programme valued at $15bn or its naira equivalent, following the company’s 46th Annual General Meeting held recently. This capital-raising initiative was officially filed with the Nigerian Exchange Limited by the Chief Compliance Officer and Company Secretary of Oando Plc, Folashade Ibidapo-Obe, on Tuesday. The issuance programme will enable...
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Vitapur Empowers UNILAG with New Learning Facility

Vitapur Nigeria Limited, a subsidiary of Vitafoam Nigeria PLC, has donated a prefabricated insulated building to the University of Lagos to support learning and manpower development. In a statement on Monday, the General Manager of Vitapur Nigeria Limited, Kehinde Akintayo, said the donation reflects the company’s commitment to sustainability and collaboration between industry and academia....
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FCMB & IFC Empower Nigerian Women Entrepreneurs

First City Monument Bank has partnered with the International Finance Corporation to roll out the Goldman Sachs 10,000 Women course to promote entrepreneurship among Nigerian women. The programme, which is built by Goldman Sachs and delivered through the University of Leeds, offers practical education, interactive activities, and instruction by educators from top business schools. The...
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NAICOM Launches Insurance Recapitalisation Committee in Nige

The National Insurance Commission has inaugurated a committee to oversee the sector’s recapitalisation programme, a week after President Bola Tinubu assented to the Nigerian Insurance Industry Reform Act 2025. In a statement released on Tuesday, the commission announced that the committee was inaugurated in Abuja, and it is chaired by Mrs Oluwatoyin Charles, Director of...
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NIMC Unveils New Service Charter to Improve Services by 30%

The National Identity Management Commission has announced a target to improve service delivery by 30 per cent within the next year through its newly launched Service Charter. The announcement was made during the official launch in Abuja on Tuesday, where the commission set out clear goals to enhance the efficiency and accessibility of Nigeria’s identity...
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Petrol Price Drop Expected as Dangote Slashes Depot Cost

The pump price of petrol is expected to drop below N900 per litre as the Dangote refinery reduces the ex-depot price of the product from N850 to N820 per litre on Tuesday. A statement signed by the Dangote Group Chief Branding and Communications Officer, Anthony Chiejina, disclosed the price cut on Tuesday. “Dangote Petroleum Refinery...
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Africa Energy Bank Launch Stalls Amid $5 Billion Funding Row

The establishment of the Africa Energy Bank has been thrown into uncertainty as the African Export-Import Bank warned that continued delay by the African Petroleum Producers Organisation in transferring equity subscription funds could stall the project indefinitely, The PUNCH reports. In a letter to APPO Secretary-General, Dr Omar Farouk Ibrahim, Afreximbank said APPO’s position that...
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Nigeria’s Petrol Supply Dips to 1.4 Billion Litres in June

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has reported that Nigeria consumed 1.48 billion litres of Premium Motor Spirit (petrol) in June. This is a sharp decline in the supply of the product compared to May. According to the NMDPRA Director of Public Affairs, George Ene-Ita, the agency’s submission to the Federation Account Allocation...
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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...