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FairMoney disburses N150bn in loans, pays N7bn interest

21.01.2026
FairMoney Microfinance Bank disbursed over N150bn in loans in the past year. This was announced in a statement on Tuesday, indicating that the microfinance bank also recorded a total interest payout on savings exceeding N7bn. The PUNCH reports that the Managing Director of FairMoney Microfinance Bank, Henry Obiekea, recently called for what he described as...
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FG doubles January bond borrowing to N900bn

21.01.2026
The Federal Government has moved to significantly scale up domestic borrowing, planning to raise as much as N900bn from its January 2026 bond auction. The amount doubles the N450bn it targeted in January 2025, as fiscal pressures and refinancing needs continue to mount. Offer documents released by the Debt Management Office show that the January...
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Brewers Earn N1.54tn in Nine Months

21.01.2026
Major listed brewers in Nigeria generated a combined revenue of over N1.54tn from the sale of beer and other non-alcoholic drinks in the first nine months of 2025, indicating the estimated amount spent by Nigerians on brewery products during the review period, an analysis by The PUNCH shows. According to the unaudited financial statements of...
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InterswitchSPAK reveals 9 finalists for science contest

21.01.2026
Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has concluded the semi-final stage of the seventh edition of its flagship Corporate Social Responsibility initiative, the InterswitchSPAK National Science Competition, unveiling nine students who will compete at the grand finale of Nigeria’s most prestigious STEM contest. From an initial pool of more than...
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Aba Power Exceeds Its 100,000 Smart Meter Target in Nigeria

21.01.2026
Aba Power, Nigeria’s newest electricity distribution company, provided more smart meters than the other DisCos in 2025, according to an electricity pressure group. In a statement released after its first executive committee meeting of the year in Abakaliki, the Ebonyi State capital, the South-East zone of the Electricity Consumers of Nigeria disclosed that all 12...
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Ogun launches UN-backed biodiversity data training

21.01.2026
The Ogun State Commissioner for Forestry, Engr Taiwo Oludotun, has officially opened the Collect Earth and Mapathon Data Collection Training, describing the programme as a vital step towards strengthening data-driven forest governance and biodiversity conservation in Nigeria. The training, organised under the FAO–GEF7 Biodiversity Project, brought together representatives of the Food and Agriculture Organisation of...
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Paystack Marks 10th Anniversary with The Stack Group Launch

21.01.2026
Paystack, the company solving payments problems for ambitious businesses across Africa, has marked its 10th anniversary with the launch of The Stack Group, a parent holding company that will consolidate its family of tech-focused brands. Founding shareholders of TSG include Stripe, Shola Akinlade, Paystack’s founder and CEO, and existing Paystack employees. The agreements establishing TSG...
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International Breweries appoints Nicholas Kade as new MD

21.01.2026
International Breweries Plc has appointed Nicholas Kade as its new Managing Director, effective 1 March 2026, following the transition of Carlos Coutino to a leadership role at parent company Anheuser-Busch InBev. In a statement on Tuesday, IBPLC said Coutino, who has served as Managing Director and Business Unit President since January 2023, will assume the...
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IMF Pushes for Stronger Public Finances & Fiscal Control

21.01.2026
The International Monetary Fund has called on governments to rebuild fiscal capacity and keep public debt under control as spending pressures rise. In its 13-page World Economic Outlook update, published on Monday, the Fund urged countries to pursue medium-term fiscal consolidation while maintaining prudent debt management. The report projected that Nigeria’s economy would expand by...
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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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