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Union Bank Customers Win N5M in Savings Promo

27.07.2025
Three customers of Union Bank of Nigeria have won N5m each at the grand finale of the fourth edition of its Save and Win Palli Promo. According to a statement on Thursday, the winners were Abubakar Sadiq Isah (Zaria Branch, North), Atilabor Friday (Sapele Branch, South-South), and Oluranti Ogunluyi (Ilaro Branch, South-West), who emerged via...
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Dangote Refinery to Hit 700,000bpd by December 2025

27.07.2025
The nameplate capacity of the Dangote Petrochemical Refinery is projected to reach 700,000 barrels per day by December 2025, marking a major milestone in Nigeria’s refining capacity, a new report by Argus Media has revealed. According to the report, the increase represents a 50,000bpd boost from the current 650,000bpd capacity, driven by ongoing operational optimisation...
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Nigeria’s Trade Growth Slows Amid Weak Consumer Demand

26.07.2025
Nigeria’s reduced appetite for imported goods is a paradox. Trade experts observe that the drop in imports, which is good for local production, has inadvertently fuelled inflation and slowed consumption, leading to a drop in trade growth, ARINZE NWAFOR writes Trade’s contribution to Nigeria’s Gross Domestic Product fell slightly in the first quarter of 2025,...
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Nigeria Needs Transport Index to Track Economic Progress

26.07.2025
Stakeholders in the transport and logistics industry have called for a Nigerian transport index to strengthen data collection, enhance trade route efficiency, and provide a more accurate measure of the sector’s contribution to the economy. Managing Director of the Nigerian Railway Corporation, Dr. Kayode Opeifa, in an interview with The PUNCH, observed that the lack...
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Court Rules FIRS Can Collect VAT on Ride-Hailing Services

26.07.2025
Justice Akintayo Aluko of the Federal High Court in Lagos has affirmed the authority of the Federal Inland Revenue Service to collect Value Added Tax on food and transport services provided through ride-hailing and delivery platforms like Bolt. In a judgment delivered on Thursday, the court dismissed an appeal filed by Bolt’s Nigerian operators and...
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Lagos Lauded for Women’s Empowerment Initiative

26.07.2025
The Policy Innovation Centre, an initiative of the Nigeria Economic Summit Group, has commended the Lagos State Government for its leadership and commitment to advancing gender equality and economic inclusion through the launch of the Women’s Economic Empowerment Policy Roadmap. Speaking at the launch event, the Board Chairman of PIC, Mr Udeme Ufot, praised the...
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LCCI Urges FG to Prioritize Naira Stability Amid Economic Cr

26.07.2025
The Lagos Chamber of Commerce and Industry has called on the Federal Government to shift its focus from statistical optimism to practical reforms that will restore investor confidence, strengthen the naira, and ease the cost-of-living crisis facing millions of Nigerians. President of the LCCI, Gabriel Idahosa, made the call during the Chamber’s state-of-the-economy briefing in...
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NNPC Invites New Contractors to Fast-Track $2.8bn AKK Pipeli

25.07.2025
The Group Chief Executive Officer of Nigerian National Petroleum Company Ltd, Bayo Ojulari, has assured of the speedy delivery of the $2.8bn Ajaokuta–Kaduna–Kano Natural Gas Pipeline project, adding that the project will unlock economic prosperity when it comes on board. He said to fulfill this commitment, the oil company had to invite new contractors to...
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BAT Nigeria Urges Overhaul of Export Expansion Grant Scheme

25.07.2025
British American Tobacco Nigeria has called on the Federal Government to reform the Export Expansion Grant scheme, describing it as a key step towards strengthening the country’s manufacturing competitiveness and export capacity. According to a statement, the Managing Director of BAT West and Central Africa, Yarub Al-Bahrani, speaking during the 2025 edition of the BusinessDay...
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NGX Extends Bullish Run, Investors Earn N406 Billion

25.07.2025
The Nigerian Exchange sustained its bullish momentum on Thursday as investors recorded a gain of N406bn, pushing the market capitalisation to N84.3tn. At the close of trading, the All-Share Index rose by 642.54 points and 0.48 per cent to settle at 133,199.97. This performance represents a one-week gain of 2.24 per cent, a four-week gain...
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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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