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Tax Reforms Spark Tension & Shipping Line Fare Hike Plans

04.01.2026
There appears to be palpable tension among freight forwarding practitioners in the nation’s maritime sector over the tax implementation that kicked off on Thursday, January 1, 2026. Some agents who spoke with The PUNCH explained that some shipping lines have already started holding meetings over possible fare increases. Starting January 1, 2026, the Federal Government...
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Key financial mistakes to avoid for a secure future

03.01.2026
Across Nigeria and similar economies, the cost of everyday life is no longer rising in bursts; it is rising steadily. Food, transport, housing, healthcare, and education are demanding a larger share of household income, while wages struggle to keep pace, JOSEPHINE OGUNDEJI writes Across Nigeria and many emerging markets, households are operating in an environment...
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Nigerian Insurance Firms Project N10.59bn Q1 Profit for 2026

03.01.2026
Nigerian insurers are projected to record a combined Profit After Tax of N10.59bn for the first quarter of 2026, according to company filings with the Nigerian Exchange Group. The forecast reflects strong contributions from major players, including AIICO Insurance Plc, Regency Alliance Insurance Plc, AXA Mansard Insurance Plc, and International Energy Insurance Plc. AIICO Insurance...
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Climate risks insurance coverage in Nigeria: Rex CEO explain

03.01.2026
As climate change drives more frequent floods, heatwaves and new forms of loss across Nigeria, the insurance industry is being compelled to reassess how risk is identified, priced and insured. In this interview with OLUWAKEMI ABIMBOLA, the Managing Director and Chief Executive Officer of Rex Insurance, Mrs Ebelechukwu Nwachukwu, discusses how prepared the sector is...
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7 Ways to Protect Your Savings From Scammers in Nigeria

03.01.2026
Banking in Nigeria offers convenience, but it also carries the risk of scams and fraud. Safeguard your account by keeping sensitive information private and using secure methods for all transactions. Enhance your security with transaction alerts, robust PINs, and advanced tools like two-factor authentication. Stay updated on emerging scams and share this knowledge with those...
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FirstBank Completes N500bn Capital Raise Amid CBN Reforms

02.01.2026
Tinubu’s Deep Understanding of the Nigerian Economy Shows in Recent Growth – Otedola As someone who has spent over three decades investing, building businesses, and navigating Nigeria’s economic cycles, I rarely comment publicly on policy. But there are moments when leadership must be acknowledged. President Bola Ahmed Tinubu has shown remarkable courage and clarity in...
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Bank Recapitalisation to Drive Bullish Capital Market: CBN

02.01.2026
The Central Bank of Nigeria has projected that the Nigerian capital market will remain bullish in 2026, driven largely by the ongoing bank recapitalisation exercise, rising investor confidence and supportive policy measures. This outlook is contained in the CBN’s “Macroeconomic Outlook for Nigeria, 2026: Consolidating Macroeconomic Stability Amid Global Uncertainty”, recently released by the apex...
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Transparent Tax Reform Can Ease Business Pressure

02.01.2026
The Lagos Chamber of Commerce and Industry says effective and transparent implementation of the Tax Reform Act is critical to simplifying compliance, reducing the burden on productive enterprises and broadening the tax base without stifling economic growth. The body called on the Federal Government to ensure its implementation. In a statement reviewing the country’s economic...
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Bank Lending to Manufacturers Falls by N2.17 Trillion

02.01.2026
Manufacturers have sharply reduced their exposu re to bank loans in the past year, repaying an estimated N2.17tn as high interest rates and rising operating costs weigh on the sector. Figures from the Central Bank of Nigeria’s latest quarterly statistical bulletin show that total credit by deposit money banks to the manufacturing sector fell from...
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Startup Funding in Africa Hits $3bn in 2025, a New High

02.01.2026
The African startup ecosystem recorded a strong recovery in fundraising activity in 2025, reversing two consecutive years of decline. This was disclosed by Africa: The Big Deal, a platform that tracks startup ecosystem activities on the continent, as 2025 comes to an end. At the halfway point of the year, start-ups in Africa raised more...
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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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