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Business Confidence in Nigeria Rises Despite Challenges: Rep

06.01.2026
Nigerian businesses are entering 2026 with a surge of widespread optimism, according to the December 2025 Business Expectations Survey Report released by the Central Bank of Nigeria. According to the survey, the aggregate Confidence Index reached 37.5 index points in December, with a trajectory projected to peak at 52.5 points over the next six months....
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RMB Nigeria Meets CBN Recapitalisation Threshold

06.01.2026
Rand Merchant Bank Nigeria Limited has announced meeting the new minimum capital requirement as set by the Central Bank of Nigeria. This was disclosed in a statement made available to our correspondent on Monday, indicating that the MCR was achieved on 30 December 2025. In March 2024, the CBN raised the operating minimum capital requirements...
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IEI Converts N2bn Deposit to Equity from Norrenberger

06.01.2026
International Energy Insurance Plc has converted a N2bn deposit from Norrenberger Advisory Partners Limited into equity, creating 1.25 billion ordinary shares in the company, following the approval of shareholders at an Extraordinary General Meeting held virtually on 31 December 2025. In a notice filed on the Nigerian Exchange Limited on Monday, the new shares, valued...
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Nigerian Fuel Imports: Refiners Clash with Marketers

06.01.2026
Local refinery operators, under the Crude Oil Refineries Association of Nigeria, have challenged fuel importers and have clashed with marketers over the continued importation of refined petroleum products. While local refiners called on the Federal Government to restrict fuel imports and prioritise domestic refining, retailers under the aegis of the Petroleum Products Retail Outlet Owners...
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NNPC cuts petrol price to N815 per litre in Abuja

06.01.2026
The Nigerian National Petroleum Company Limited has reduced the pump price of Premium Motor Spirit, also known as petrol, at its retail outlets, lowering the price to N815 per litre in Abuja. The PUNCH correspondent, who monitored filling stations across the Federal Capital Territory on Monday, observed that the new price represents a N20 reduction...
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Nigerians cut household spending by N14tn as inflation bites hard

06.01.2026
Household consumption in Nigeria slumped sharply in real terms in 2024 as rising prices eroded the purchasing power of millions of families, according to provisional figures from the Central Bank of Nigeria’s latest statistical bulletin. Data on Gross Domestic Product by expenditure showed that household final consumption expenditure at 2010 constant purchasers’ prices fell from...
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Sahara Group’s 7,000MW Push for Nigeria’s Power Sector

06.01.2026
The Group Managing Director of Sahara Power Group, Kola Adesina, has said Nigeria’s power sector is entering a more stable phase that would attract investors, driven by Federal Government reforms and the gradual resolution of legacy debts that have long constrained growth across the electricity value chain. He also revealed that Sahara Power is on...
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Tinubu Names New Board Members for Oil Regulators

06.01.2026
President Bola Tinubu has nominated former Rivers South-East Senator Magnus Abe as chairman of the Nigerian Upstream Petroleum Regulatory Commission, seeking the Senate’s confirmation for him and 20 other nominees to serve on the boards of the two key petroleum regulatory agencies. In separate letters to the Senate on Monday, the President requested expedited approval...
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Chapel Hill & CardinalStone Dominate Top NGX Brokers List

06.01.2026
Chapel Hill Denham Securities Ltd and CardinalStone Securities Ltd emerged as the top-performing stockbrokers on the Nigerian Exchange during the fourth quarter of 2025, commanding a significant portion of trading activity by both volume and value, according to the latest Broker Performance Report. The report, covering the period 1 October to 31 December 2025, shows...
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RMB Leads Champion Breweries’ Historic N30bn Bond Issuance

06.01.2026
Rand Merchant Bank is acting as lead issuing house and bookrunner on Champion Breweries Plc’s landmark N30bn five-year bond issuance under the N45bn Bond Issuance Programme, according to a statement on Monday. In the statement, Champion Breweries Plc announced the successful issuance of its maiden N30bn five-year fixed-rate senior unsecured bond at a coupon of...
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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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