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20 Nigerian banks meet recapitalisation mark ahead of deadli

18.01.2026
The Central Bank of Nigeria has said that about 20 deposit money banks have already met the new capital requirements under the ongoing banking recapitalisation programme, as the apex bank shifts focus toward ensuring that stronger balance sheets translate into real sector credit growth. This was disclosed by the Deputy Governor, Economic Policy, Central Bank...
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LIRS Fixes Jan 31 Deadline for 2025 Annual Tax Returns

18.01.2026
The Lagos State Internal Revenue Service has reiterated the statutory deadline of January 31, 2026, for all employers of labour in the state to file their annual tax returns for the 2025 financial year. In a statement issued on Thursday, the Executive Chairman of LIRS, Dr Ayodele Subair, reminded employers that the obligation to file...
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Africa Leads in Gender Inclusion for Private Capital: AVCA

17.01.2026
The African Private Capital Association has disclosed that Africa’s investment teams outperform global averages for women in senior roles. This was one of the findings of its Gender Diversity in African Private Capital Report, which was released on Wednesday. The PUNCH reports that the African Private Capital Association is the nexus of private capital in...
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US market rally set to expand beyond tech stocks

17.01.2026
US investors are increasingly betting that the stock market rally, long driven by technology giants, will broaden to include industrial, healthcare, and small-cap companies, creating opportunities for these sectors to assert market leadership, according to Reuters. Shares of tech leaders such as Nvidia, Alphabet, and Broadcom have underpinned a bull run in which the S&P...
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Olam Agri Named Top Employer for Sixth Consecutive Year

17.01.2026
Agribusiness Olam Agri has been recognised by the Top Employers Institute as a Top Employer 2026 in Nigeria for the sixth consecutive year. This was disclosed in a statement made available to The PUNCH, where the firm said the recognition reinforced its sustained commitment to creating a high-performing workplace through data-driven people strategies, independent validation,...
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Petrol Imports in Nigeria High Despite Dangote’s Production

17.01.2026
Nigeria imported approximately 1.31 billion litres of petrol in December 2025, according to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. During the same period, the Dangote refinery reportedly supplied 992 million litres, showing a notable contribution from domestic refining compared to November. In December, total petrol supply was 74.2 million litres...
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Delta closes 100th year with $63.4bn operating revenue

17.01.2026
International airline Delta has reported $63.4bn in operating revenue in 2025, a strong close to its centennial year. This was disclosed in a statement on Thursday announcing its performance for last year. For the full year, Delta generated $63.4bn in operating revenue, with an operating income of $5.8bn and a pre-tax income of $6.2bn, translating...
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Nigeria Urged to Rethink Donor Terms in its Power Sector

17.01.2026
To optimise Nigeria’s electricity potential, the country needs to critically examine the terms and conditions attached to foreign incentives entering the power sector, a new study published in the Energy Research & Social Science Journal has stated. According to a statement on Wednesday, the study, titled ‘Energy Transition in the Global South: Donor Bargains and...
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EU removes Nigeria from financial crime high-risk list

17.01.2026
The European Union has officially removed Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing, a decision expected to ease cross-border transactions and improve investor confidence. The update was published on the European Commission’s website and follows Nigeria’s removal from the Financial Action Task Force greylist in 2025, following a series...
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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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