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Conoil Profit Plunges 89% to N900m in H1 2025

06.08.2025
Conoil Plc, one of Nigeria’s petroleum marketing companies, recorded a sharp 89 per cent year-on-year decline in its profit after tax to N900.4m for the half-year ended June 30, 2025, down from N8.02bn in the same period of 2024. The company’s unaudited financial statement filed with the Nigerian Exchange Limited showed that the significant fall...
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UAC Revenue Soars 33% to N110.4bn in H1 2025

06.08.2025
UAC of Nigeria Plc has recorded a 33 per cent increase in revenue to N110.4 bn in the first half of 2025, driven by consumer demand and sustained growth across its key business segments. The company’s gross profit rose by 51 per cent during the period, supported by effective pricing strategies and enhanced cost management....
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Nestlé Nigeria Reports N50.6bn Profit in H1 2025

06.08.2025
Nestlé Nigeria Plc has reported a profit after tax of N50.6bn for the six months ended June 30, 2025, reversing a loss of N176.9bn in the same period of 2024. The company’s unaudited interim financial statements showed revenue increased by 43 per cent to N581.1bn from N407bn in the corresponding period last year. Operating profit...
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NGX Index Gains 0.5% | BUA Cement Leads Market Surge

06.08.2025
The Nigerian Exchange Limited extended its bullish momentum on Tuesday as the All-Share Index rose by 0.5 per cent to close at 144,796.37 points, driven by price appreciation in key large-cap stocks. The market capitalisation also advanced by N459bn to settle at N91.61tn, reflecting sustained investor interest across major sectors. A total of 1.03bn shares...
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SAA Adopts AI for Faster Customer Service & Complaint Resolu

06.08.2025
South African Airways has announced plans to leverage artificial intelligence to enhance customer service and streamline complaint resolution in pursuit of a broader digital transformation. In a statement made available to The PUNCH on Monday, the airline’s Regional Manager for Africa, the Middle East, and the Indian Ocean, Ohis Ehimiaghe, outlined the role AI will...
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Ex-NRC Boss Demands Stronger NSIB Role in Rail Accidents

06.08.2025
Former Managing Director of the Nigerian Railway Corporation, Engineer Seyi Sijuwade, has condemned the practice of internal investigations into rail accidents, warning that such approaches compromise transparency, enable cover-ups, and endanger public safety. Speaking at the NSIB Multimodal Transportation Stakeholders Workshop in Abuja, themed ‘Strengthening Transport Safety Standards Through Collaboration’, Sijuwade highlighted serious lapses in...
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Entrepreneur Urges FG to Fix Security,

06.08.2025
A Nigerian entrepreneur based in Canada, Mr Oluwafemi Ayeyemi, has called on the Federal Government to tackle the challenge of infrastructural deficit and insecurity plaguing the country, saying that these two major problems are a big challenge to the willingness of the citizens abroad to invest in the country. Mr Ayeyemi said that Nigeria is...
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FG Unveils N712bn Six-Phase Plan

06.08.2025
The Federal Executive Council has approved N712bn for the renovation of the old terminal at Murtala Muhammed International Airport, Lagos, under the Ministry of Aviation and Aerospace Development. This has since sparked widespread scrutiny and public debate. Despite repeated clarifications by the Minister, Festus Keyamo, Nigerians have continued to speak about the project amount, OLASUNKANMI...
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DataPro Unveils Financial Analysis Master Class in Kigali

06.08.2025
DataPro Limited has announced its 2025 Kigali Master Class, an executive training on Compliance, Enterprise Risk Management and Financial Analysis. The training is scheduled to be held from September 8 to 12, 2025, at the Marriott Hotel, Kigali, Rwanda. In a statement on Tuesday, the organisation described the upcoming Master Class as an essential learning...
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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...

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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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