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Industries Lose 15% Energy to Poor Maintenance, MAN Finds

The Manufacturers Association of Nigeria has found that maintenance lapses account for between 10 and 15 per cent of energy waste in factories, while most facilities lack sub-metering systems needed to track consumption. The findings emerged from a Cleaner Production Assessment conducted in 42 industries across four geopolitical zones and presented at the National Stakeholders’...
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Nigeria Manufacturing Investment Plummets by 54% in 2025

The Manufacturers Association of Nigeria has expressed concern that investors are avoiding long-term production commitments in the country, as the manufacturing sector suffered a 54.11 per cent plunge in foreign investment in the first nine months of 2025, despite a sharp rise in overall capital importation. Data from the National Bureau of Statistics showed that...
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Seplat Posts 144% Revenue Growth to $2.73bn for 2025

The revenue of Seplat Energy Plc for the 2025 financial year surged 144.2 per cent to $2.73bn (N4.14tn) compared to $1.12bn (N1.65tn) in 2024, reflecting what the company called a full year of contribution from its offshore assets. This was disclosed in its audited results for the year ended 31 December 2025, filed with the...
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Transcorp reports 44% PAT growth to N136bn in FY2025

Indigenous conglomerate Transnational Corporation Plc has reported a 44 per cent rise in its Profit After Tax to N135.9bn compared to N94.1bn in the corresponding period of the previous year. This was indicated in its audited full-year 2025 results filed with the Nigerian Exchange Limited on Thursday. The PUNCH reports that Transcorp has investments in...
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AFC, Ecobank Renew Partnership for +234 Art Fair 2026

The Africa Finance Corporation has announced its partnership with Ecobank Nigeria and Soto Gallery for the third consecutive year to host the +234 Art Fair, a four-day international exhibition spotlighting Nigeria’s fast-growing creative economy and the dynamism of contemporary African art. In a statement on Thursday, it was revealed that the 2026 edition, themed ‘Inclusivity’,...
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NGX Sell Pressure Wipes N514bn Off Investor Wealth

Trading on Thursday closed on a bearish note as equities on the Nigerian bourse extended their downward trajectory, reflecting cautious investor sentiment and persistent profit-taking across key sectors. Official data from the Daily Official List shows the All-Share Index slipped to 193,567.81, while market capitalisation moderated to N124.24tn, shaving N514bn from investors’ value. The PUNCH...
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Expert proposes waiver to boost voluntary tax compliance

An economist and tax practitioner, Dr Ernest Abegbe, has urged the nation’s tax authorities to introduce a temporary waiver on the Late Returns Penalty and accrued interest to encourage companies to regularise outstanding tax filings and payments. Abegbe said this in an interview where he noted that the waivers would align with ongoing reforms aimed...
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Expert proposes waiver to boost voluntary tax compliance

An economist and tax practitioner, Dr Ernest Abegbe, has urged the nation’s tax authorities to introduce a temporary waiver on the Late Returns Penalty and accrued interest to encourage companies to regularise outstanding tax filings and payments. Abegbe said this in an interview where he noted that the waivers would align with ongoing reforms aimed...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...