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Startups Can Scale Without Millions, Says Routelink CEO

11.08.2025
The Co-founder/ Group Managing Director of Routelink Group, Mr Femi Adeoti, has said that startups no longer need large sums of money to scale their businesses in today’s technology-driven economy. Adeoti said this at the recently held ICTEL EXPO 2025 in Lagos, where he delivered a bold message to aspiring entrepreneurs, emphasising that “technology is...
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Dangote Refinery Denies Shutdown, Supplies 40m Litres Daily

10.08.2025
The Dangote Petroleum Refinery has said that it supplies up to 40 million litres of petrol daily, refuting recent reports alleging a shutdown of its operations. In a statement on Friday by the Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery’s management categorically denied claims that truck loading had been suspended or that...
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148 Customers Win N23M in Stanbic IBTC Savings Promo

10.08.2025
Stanbic IBTC Bank has rewarded 148 customers with N23m in the recent May and June draws of its Reward4Saving Season 4 promo. In Thursday’s statement, it was indicated that the combined May and June monthly draws were held at Stanbic IBTC’s head office in Lagos. At the draws, 140 customers each received N100,000, totalling N14m...
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Nigeria’s Food Security Slowdown Sparks Concern

10.08.2025
President Bola Tinubu declared a state of emergency on food security in July 2023, operationalised through trade and infrastructure policy frameworks. But given the recent slight growth statistics, the agriculture sector appears to be responding slowly to these efforts, giving rise to calls for close monitoring from industry leaders, ARINZE NWAFOR writes Stakeholders in Nigeria’s...
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CBN May Sue Over FX Contract Violations After Audit

10.08.2025
The Central Bank of Nigeria has disclosed that it is considering legal actions against the violators of the foreign exchange forward contracts after the completion of a forensic audit of those contracts. CBN indicated this on Thursday in a document titled ‘Frequently Asked Questions on the Settlement of Undelivered Forward Contracts’, published on its website....
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Sterling Bank Awards N2bn Scholarships to 30 Students

10.08.2025
Sterling Bank has announced the first recipients of its N2bn Beyond Education Scholarship, a nationwide initiative designed to fund university education for 600 exceptional young Nigerians and connect them to future careers in high-impact sectors. In a statement on Thursday, the bank said that the initiative reflected a major step in its commitment to long-term,...
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Reduce Raw Material Imports by 60%, Says RMRDC

10.08.2025
The Raw Materials Research and Development Council has stated that Nigeria must reduce its dependence on imported raw materials by at least 60 per cent within the next five years if it is to become an industrial powerhouse. Director-General of RMRDC Prof. Nnanyelugo Ike-Muonso made the call on Tuesday in Lagos during the 2025 edition...
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Africa’s 3-Year Plan to Slash Cost of Capital Crisis

10.08.2025
Africa’s leading finance ministers, development experts, and private sector stakeholders have proposed a bold, action-driven plan to tackle the continent’s escalating cost of capital crisis within the next 12-36 months. This was a key recommendation at the Financing Africa Forward Summit, co-hosted by Standard Bank and Africa Practice, in partnership with the ONE Campaign and...
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Shell to Award 90% of Nigeria Contracts to Local Firms

09.08.2025
Shell Nigeria Exploration and Production Company Limited says over 90 per cent of the contract value in its operations will be executed by Nigerian companies, as part of efforts to build a more sustainable energy future in Nigeria. The Managing Director of SNEPCo, Ronald Adams, disclosed this at the opening of a panel session during...
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Customs Resolves B’Odogwu Import Glitch

09.08.2025
The Nigeria Customs Service says it has resolved the delays experienced by importers in transmitting product certificates for Form M and the Standard Organisation of Nigeria’s Conformity Assessment Programme required for Pre-Arrival Assessment Report processing on the B’Odogwu platform. In a statement on Thursday, the National Public Relations Officer of the service, Abdullahi Maiwada, acknowledged...
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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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