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NGX lists 3.16 billion additional UBA shares

15.01.2026
The Nigerian Exchange Limited has officially listed an additional 3,156,869,665 ordinary shares of United Bank for Africa Plc on its Daily Official List, marking a step in strengthening the bank’s capital base and deepening liquidity in the Nigerian capital market. The listing follows the successful conclusion of UBA’s recent rights issue exercise, which offered shareholders...
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Champion Breweries Redeems N4.21bn Commercial Paper Notes

15.01.2026
Champion Breweries Plc has announced the successful redemption of its N4.21bn Series 1 Commercial Paper Notes at maturity, issued under its N15bn Commercial Paper Issuance Programme. The company said in a statement on Wednesday that the Series 1 Commercial Paper provided cost-effective short-term financing, which boosted its liquidity and enhanced cash flow management. It added...
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Maritime Gaps Cost Nigeria N700bn Annually, Says Report

15.01.2026
The Sea Empowerment and Research Centre has warned that persistent regulatory gaps in the nation’s maritime sector are costing the Nigerian economy between N500bn and N700bn annually. SEREC disclosed this in a policy memorandum on Wednesday, signed by its Head of Research, Eugene Nweke, and addressed to the Minister of Marine and Blue Economy, Adegboyega...
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Imported Petrol Landing Cost Stays Above Dangote’s Price

15.01.2026
The landing cost of imported premium motor spirit (petrol) has remained stuck at rates above the Dangote refinery’s ex-depot price of N699 per litre. According to reports by the Major Energies Marketers Association of Nigeria, while the Dangote refinery’s ex-depot price has remained at N699 since December, the landing cost has been fluctuating between N780...
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EEDC Offers 25% Discount for Customers’ Old Debts

15.01.2026
Enugu Electricity Distribution Plc has announced the launch of a new debt recovery scheme, offering discounts to customers with outstanding electricity bills, according to a notice posted on its official social media handles. In the post shared on Tuesday, the power distribution company said the initiative, known as the Accelerated Settlement of Arrears Project, is...
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A turning point for logistics

15.01.2026
A former Commissioner for Transportation in Lagos State, Dr Frederic Oladeinde, has described the Electronic Call-up system introduced by the Nigerian Ports Authority for easy movement of cargoes in and out of the ports as a technological turning point in Nigeria’s approach to logistics management. This was contained in a statement on Tuesday obtained by...
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NCDMB Trains Graduates in Rural Electrification in Nigeria

15.01.2026
The Nigerian Content Development and Monitoring Board, in partnership with Renaissance Africa Energy, Beam Energy, and Hamaston Limited, has launched a specialised training programme for six Nigerian graduates under the Community Electrification Interdependent Project. According to a statement by NCDMB, the programme kicked off Tuesday at Hamaston Limited’s headquarters on Ogbatai Street, Woji, Port Harcourt,...
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Barq & Elroy Air to Build Autonomous Cargo Aircraft Plant

15.01.2026
Barq Group and US-based Elroy Air have signed an initial agreement to form a joint venture that will invest $200m in a new manufacturing facility in Abu Dhabi to produce the Chaparral autonomous cargo aircraft. The partnership combines Barq Group, a leading provider of smart mobility and logistics solutions across the MENA region, and Elroy...
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Federal Roads Spending Soars 489% to N3.23tn in Nigeria

15.01.2026
The Federal Government has proposed spending N3.23tn on the construction and rehabilitation of federal roads in the 2026 budget, marking a sharp increase in capital allocation to the transport sector as it intensifies efforts to complete long-delayed highways and repair critical corridors nationwide. The proposed spending represents an increase of about 489 per cent in...
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Navy seeks NIMASA collaboration on Nigerian maritime safety

15.01.2026
The Nigerian Navy has called for increased collaboration with the Nigerian Maritime Administration and Safety Agency in the area of hydrography to sustain improved safety of navigation in Nigerian waters. This was contained in Tuesday’s statement by the Deputy Director/Head of Public Relations at NIMASA, Osagie Edward. According to the statement, the Flag Officer Commanding,...
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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...

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04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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