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Eterna opens N21.5bn rights issue to drive expansion

12.01.2026
Eterna Plc, a leading integrated energy company, has officially opened its Rights Issue, marking a major milestone in its capital-raising programme and long-term growth strategy. The Rights Issue comprises 978,108,485 ordinary shares of 50 kobo each, offered at N22.00 per share, and is expected to raise approximately N21.52bn. The company said the exercise is aimed...
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Blue Diamond Opens Bonded Terminal in Imo for South-East

12.01.2026
The Blue Diamond Group has announced the expansion of its Uzotex Bonded Terminal operations to the South-East region of the country. In a statement on Sunday, the company’s Managing Director and Chief Executive Officer, Festus Mbisiogu, disclosed that a new bonded terminal has been established in Imo State. According to him, the terminal is part...
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Universal Insurance Prioritises Digital Innovation for Growt

12.01.2026
Universal Insurance Plc has stated that its key priorities for 2026 will be driving growth through digital innovation and the expansion of its product offerings. In a statement made available to The PUNCH, Managing Director/Chief Executive Officer Dr. Japhet Duru revealed these priorities during the company’s 2026 Annual Thanksgiving and Prayer gathering at its Lagos...
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Nigerian Car Dealers Eye Electric Vehicles as Demand Drops

12.01.2026
There are indications that car dealers operating in the country are strongly considering delving into electric vehicles amid falling demand for fossil fuel-powered cars, The PUNCH reports. The National President of the Association of Motor Dealers of Nigeria, Mr Ajibola Adedoyin, disclosed this in a telephone conversation with our correspondent on Sunday. Adedoyin explained that...
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Economic Shocks Cause Construction Project Delays in Nigeria

12.01.2026
A 2025 Nigeria Real Estate Report by Ubosi Eleh & Co. has noted that economic uncertainties and persistent supply chain disruptions cause significant delays in construction projects across Nigeria, affecting timelines, budgets, and overall sector productivity. According to the report, the volatile economic climate and increased uncertainty are discouraging both domestic and foreign investors from...
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Retailers Sell Below Dangote’s N739/Litre

12.01.2026
The price war in the petroleum sector has continued to deepen as some retail outlets have dropped the prices of Premium Motor Spirit (petrol) below the N739 per litre recommended by the Dangote Petroleum Refinery. The PUNCH reports that since the Dangote refinery slashed petrol pump prices from about N900 to N739 in December, many...
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FirstHoldCo appoints new board members for subsidiaries

12.01.2026
First HoldCo Plc has announced a series of new board appointments across its non-commercial banking subsidiaries, in a move aimed at strengthening corporate governance, deepening oversight and positioning the businesses for sustainable growth. The appointments, which received regulatory approvals from the Securities and Exchange Commission and the National Insurance Commission, are part of the Group’s...
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CardinalStone Hits N2tn Transaction Value on NGX

12.01.2026
CardinalStone Securities recorded over N2tn in transaction value on the Nigerian Exchange Limited in 2025, becoming the first stockbroking firm in Nigeria to reach the milestone, according to the Exchange’s latest broker performance report. The firm had earlier crossed the N1tn mark within the same trading year, making it the first broker to exceed both...
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Capital Market Gains N3.84tn on Strong Buying Interest

12.01.2026
Strong buying interest across banking, telecoms and consumer stocks drove a broad-based rally on the Nigerian Exchange last week, lifting market capitalisation by N3.84tn as investors sustained demand for large-cap and fundamentally strong equities. The bullish momentum, which pushed the market above the N100tn mark during the week, was supported by positive market breadth, heavy...
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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

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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