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Aradel Achieves Major Safety Milestone of 10M LTI-Free Hours

16.01.2026
Aradel Holdings Plc says it recorded 10 million man-hours without a lost-time injury across its operations as of 21 December 2025. In a statement, the company said the milestone was achieved across all its subsidiaries during a period of expanded operational activity, reflecting what it described as a deeply embedded health, safety, and environment culture...
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ICAN Warns Nigeria’s Economic Stabilisation is Fragile

16.01.2026
Nigeria’s economy is showing early signs of stabilisation, but progress remains fragile, the Institute of Chartered Accountants of Nigeria said on Wednesday, emphasising that accountability will be critical to sustaining fiscal reforms and national development. The event, ICAN’s 2026 Economic Outlook, part of its 60th anniversary celebrations in Lagos, brought together policymakers, industry leaders, regulators,...
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Nigeria Ends Signature Bonus Refunds in Oil Licensing Reform

16.01.2026
The Federal Government has warned prospective investors in the 2025 oil licensing round that any errors, miscalculations, or disappointments arising from the bidding process will be borne entirely by the companies involved, stressing that there will be no refunds of signature bonuses or exchanges of oil assets under any circumstances. The warning was issued by...
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Nigeria Achieves 85% Capital Spending in 2024 Budget

16.01.2026
The Federal Government achieved an 85 per cent capital expenditure performance in the 2024 fiscal year following the extension of the budget implementation period, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. Edun disclosed this on Thursday at the 2026 Macroeconomic Outlook event organised by the Nigerian Economic Summit...
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EU removes Nigeria from its high-risk financial list

16.01.2026
Nigeria has been removed from the European Union’s list of high-risk jurisdictions, a move expected to ease trade, payments and investment flows between the country and Europe, according to a report by Business Insider. Business Insider reports on Wednesday that the European Commission confirmed that Nigeria, alongside South Africa, Burkina Faso, Mali, Mozambique and Tanzania,...
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Nigerian Equities Market Reverses Gains, Sheds N457bn

16.01.2026
The Nigerian stock market reversed gains from the previous session, recording a loss of N457 billion for investors on Thursday. The decline followed 23 consecutive bullish sessions. The downturn was driven by profit-taking in stocks such as McNicholas, Caverton Offshore Support Group, Ikeja Hotel, FTN Cocoa Processors, Neimeth International Pharmaceutical, and 36 other declining stocks....
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A win-win for economic growth

16.01.2026
The Federal Government has said the newly signed Comprehensive Economic Partnership Agreement between Nigeria and the United Arab Emirates is designed to attract large-scale UAE investments into Nigeria’s infrastructure and industrial sectors, while positioning the country as a strategic hub for accessing the wider African market. The Minister of Industry, Trade and Investment, Dr Jumoke...
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Nigeria Orders Banks to Collect 7.5% VAT on Service Fees

16.01.2026
The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms. The VAT will apply to electronic banking charges, including mobile money transfers, USSD transaction fees, and card issuance...
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NGX market surges N598bn amid bullish investor sentiment

15.01.2026
The Nigerian Exchange Limited recorded a strong trading session on Wednesday as investor optimism returned to the equities market, pushing total market capitalisation up by N598bn to close at N106.78tn. The increase reflects a 0.56 per cent rise over the previous session and underscores growing confidence among investors despite a slowdown in overall trading activity....
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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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