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SEC capital hike to spur mergers, squeeze smaller operators

The SEC’s updated minimum capital requirements for market operators are set to drive mergers and acquisitions, potentially forcing smaller firms out of the industry. While the higher thresholds aim to enhance market stability and protect investors, analysts caution that they may not be appropriate for every operator, especially fund and asset managers who primarily oversee...
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Nigeria’s Non-Oil Exports Hit Record High of $6.1 Billion

Nigeria’s non-oil exports rose to an all-time high of $6.1bn in 2025, marking the strongest performance recorded in the sector since the establishment of the Nigerian Export Promotion Council nearly five decades ago. The figure represents an 11.5 per cent year-on-year increase over the $5.4bn recorded in 2024, reinforcing signs of growing momentum in the...
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GenCos Slam N1.1tn Power Budget Lacking Subsidies

The Federal Government has allocated over N1.1tn to the power sector in the 2026 Appropriation Bill, an amount higher than the N900bn budgeted for the sector in 2025. However, stakeholders have raised concerns as a detailed examination of the budget shows that no part of the allocation is explicitly earmarked for electricity tariff support or...
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Indian Firm to Lead $350m Dangote Refinery Expansion

Engineers India Limited has announced that it will lead the expansion of the Dangote refinery, a project that will increase the facility’s capacity from 650,000 barrels per day to 1.4 million barrels per day. In a statement, EIL said it had signed a contract agreement valued at more than $350m with the Dangote Group to...
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FG budgets N10m for Abuja second runway project

Confusion continues to surround the construction of the second runway at the Nnamdi Azikiwe International Airport, Abuja, with uncertainty over the actualisation of the project. Discussions around the project peaked in 2025 when its estimated cost reached N532bn. However, the seriousness of the government’s commitment came under scrutiny after the Ministry of Aviation and Aerospace...
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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...