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$16bn Boost for Nigeria’s Oil Sector

16.07.2025
The Deputy Speaker of the House of Representatives, Benjamin Kalu, on Monday said that the Petroleum Industry Act 2021 has attracted about $16bn worth of investments in the petroleum sector since it was signed into law a few years ago. This came as the House expressed deep concern over the relentless scourge of crude oil...
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LivingTrust Mortgage Bank Profit Rises 30%

16.07.2025
LivingTrust Mortgage Bank Plc has posted a profit after tax of N551.28m for the half year ended June 30, representing a 30.1 per cent increase from the N423.65m recorded in the same period of 2024. The unaudited financial results released to the Nigerian Exchange Limited recently showed that gross earnings rose to N3.02bn in H1...
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Geregu Power Posts N20.18bn H1 Profit

15.07.2025
Geregu Power Plc has reported a profit after tax of N20.18bn for the half year ended June 30, 2025, slightly higher than the N20.01bn recorded in the same period of 2024. According to the unaudited interim financial statements filed with the Nigerian Exchange Limited recently, the company’s revenue grew to N87.63bn in the first half...
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Nigeria Seeks N2.3tn Infrastructure Investment

15.07.2025
From the corridors of power to corporate boardrooms, one thing is clear: the Federal Government is making a major bet on private capital to close Nigeria’s N2.3tn vast infrastructure gap, DAMILOLA AINA writes The Nigeria Public-Private Partnership Summit 2025, held in Abuja, provided a high-level platform for dialogue, dealmaking, and policy commitments as government officials,...
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10 Years of Digital Banking Innovation

15.07.2025
Africa’s Global Bank, United Bank for Africa Plc, has marked a decade of impactful digital transformation through its strategic partnership with leading fintech firm, VERiCASH. In a statement on Monday, the lender said that the collaboration, which birthed the UBA Mobile App, has revolutionised digital banking across the continent. With over 10 million downloads, the...
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Insurance Industry Growth & Tribute

15.07.2025
The Commissioner for Insurance of the National Insurance Commission, Olusegun Omosehin, has said that the late former Nigerian president, Muhammadu Buhari, was committed to the growth of the sector during his tenure in office. This was disclosed in a statement issued by the Commission on Monday, signed by the CFI. Buhari died in London on...
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Naira Hits 4-Month High: N1,518/$ Exchange Rate

15.07.2025
The Nigerian naira extended its recent gains on Monday, strengthening to a four-month high against the US dollar to close at 1518/$ on the official market, the Nigerian Foreign Exchange Market. Data from the Central Bank of Nigeria revealed that the naira gained 0.74 per cent to close at 1518/$ on Monday. This marks the...
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184,000 Trees Planted: NCF’s Forest Restoration Efforts

15.07.2025
The Nigerian Conservation Foundation has stated that it planted 184,000 trees in 2024 across different ecosystems to advance its goal of restoring Nigeria’s forest cover to 25 per cent by 2047. This was recently revealed during the Dialogue, which coincided with the 36th Annual General Meeting of the Nigerian Conservation Foundation, where members and other...
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Port Harcourt Airport Delays: Flight Skids Off Runway

15.07.2025
The Federal Airports Authority of Nigeria has asked passengers to expect flight disruptions and delays following a Sunday morning flight incursion that occurred at the Harcourt International Airport runway. The PUNCH earlier reported how Air Peace aircraft, operating Flight P47190 from Lagos to Port Harcourt, experienced a runway excursion upon landing at the Port Harcourt...
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Insurance Profit Surge: Innovation is Key

15.07.2025
A study has found that healthy competition and innovation were major drivers of the profitability of insurance sector players. The study was done by Dr. Toluwa Oladele of the Monetary Policy Department of the Central Bank of Nigeria and published in the April-June 2025 edition of the Bullion, a quarterly publication by the apex bank....
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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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