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CBN Holds Interest Rate Steady at 27% Amid Disinflation

05.12.2025
The Central Bank of Nigeria has again held the Monetary Policy Rate at 27 per cent, marking the fourth pause this year as it prioritises stability amid a slowing but still elevated inflation cycle. With disinflation gaining ground, firmer reserves and a steadier exchange rate, the MPC opted for caution, allowing earlier tightening measures to...
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Nigeria’s 2026 Budget: N20.1tn Deficit Sparks Concern

05.12.2025
The Federal Government has projected total revenue of N50.74 trillion for 2026, alongside a targeted economic growth rate of 4.68 per cent, while its proposed 2026 deficit has risen so sharply that it now exceeds the entire national budget of 2022 by N2.78tn, The PUNCH reports. This deficit likely means the government plans to borrow...
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LCCI elects Leye Kupoluyi as its 44th president

05.12.2025
The Lagos Chamber of Commerce and Industry has elected Leye Kupoluyi as its 44th 44th President and Chairman of Council, following the completion of Gabriel Idahosa’s tenure, The PUNCH has learned. Until his election as president, Kupoluyi, an engineer, served as a Deputy President of the LCCI. He takes over from Idahosa, who was elected...
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Eterna Plc launches N21.5 billion Rights Issue

05.12.2025
Eterna Plc, one of Nigeria’s leading integrated energy companies, has finalised arrangements for a rights issue of 978,108,485 ordinary shares at N22.00 per share, expected to raise approximately N21.52 bn. The capital raise is designed to strengthen the company’s balance sheet and support strategic expansion across its business segments. The formal signing ceremony for the...
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Engineers Develop Green Extraction Tech for Essential Oils

04.12.2025
As part of efforts to promote sustainable manufacturing, an international team of chemical engineers has developed a high-efficiency green extraction technology that could redefine the future of the global essential oil industry. The innovation was led by a Nigerian researcher, Obiora Muojama of the University of Alabama, Tuscaloosa, AL, USA, whose contributions helped deliver one...
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Ex-NIWA MD wins Most Media-Friendly CEO Award in Maritime

04.12.2025
The immediate past Managing Director of the National Inland Waterways Authority, Bola Oyebamiji, was, over the weekend, voted as the Most Media-Friendly Chief Executive Officer in Nigeria’s maritime industry by the Coalition of Maritime Journalists. This was contained in a statement on Monday by the convener of the group, Frank Meke, who explained that the...
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Ogun empowers 72,000 residents with agricultural skills

04.12.2025
The Ogun State government has disclosed that it has empowered over 72,000 residents of the state through various agricultural support and skills development programmes under the State Economic Transformation Project, a five-year World Bank-assisted programme which winds up on 31 December 2025. The beneficiaries, according to the state government, include 39,000 individuals trained under the...
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SnappyPay launches in Nigeria for faster digital payments

04.12.2025
SnappyPay has been launched in Nigeria with the aim of reducing the delays and failed transactions users experience when paying for routine services. According to a statement from the firm on Wednesday, the payment platform was unveiled in Lagos during the celebration of SnappyExchange’s fifth anniversary. SnappyExchange is known for gift card and crypto trading....
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Nigeria-S’Africa Chamber Marks 25 Years of Partnership

04.12.2025
The Nigeria-South Africa Chamber of Commerce has celebrated its 25th anniversary with a high-profile dinner in Lagos, drawing corporate leaders, diplomats, and state officials to honour a quarter-century of robust bilateral economic relations. The milestone event, themed “Building Together,” served as a testament to the resilience and deepening economic bond between Africa’s two largest economies,...
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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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