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Presco rights issue records 103% subscription

02.01.2026
Presco Plc has announced the successful completion of its rights issue, which recorded a 103 per cent subscription level, reflecting strong shareholder participation and sustained investor confidence in the company’s strategic direction and long-term growth prospects. The company said demand for the offer exceeded the size of the rights issue, underscoring strong appetite for Presco’s...
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How payment infrastructure limits African startups globally

02.01.2026
A software engineer and technology entrepreneur, Saintz Vincent, says the biggest obstacle limiting African businesses in global markets is no longer visibility or demand, but access to payment infrastructure. This was contained in a press material obtained by The PUNCH on Wednesday. Vincent, who is the founder of WalletPlug, explained that in several African markets,...
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Port police urge tighter vigilance in Western Zone ports

02.01.2026
The Commissioner of Police, Ports Authority Police, Western Command, Toyin Agbaminoja, has urged all Divisional Police Officers and Heads of Departments to sustain a high level of alertness across all port formations to prevent criminal activities, protect critical national assets, and ensure the safety of port users, personnel, and the general public. This is even...
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Egbin Power boosts community unity with football tournament

02.01.2026
Egbin Power Plc says it has demonstrated commitment to youth development and community cohesion through its annual football tournament, a flagship initiative under its Personal Corporate Social Responsibility programme. Now in its fourth edition, Egbin said in a statement that the tournament brings together young people from its host communities, providing a platform for positive...
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Nigeria’s Oil Sector Declared a Win in 2025 by Minister

02.01.2026
Nigeria’s oil sector recorded significant achievements in 2025, driven by reforms, new investments, and strengthened local content, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said. Lokpobiri stated this in a post on his X handle on Wednesday. According to Lokpobiri, the industry remained open for business throughout the year, engaging investors,...
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Nigeria’s N32.26bn Apple Imports Show Local Farming Woes

01.01.2026
Nigeria imported apples valued at N32.26bn from other African countries in the first nine months of 2025. The import bill, according to stakeholders, revealed that the country’s local production is weak due to high input costs, climate challenges, poor policy support, and the perception of apples as an elite fruit. Data from the National Bureau...
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Lagos Customs Ramps Up Excise Compliance Efforts

01.01.2026
The Nigeria Customs Service, Lagos Industrial Area Command, has intensified efforts to improve excise revenue collection and compliance through a series of familiarisation and sensitisation engagements with key industry stakeholders. According to a statement by the Public Relations Officer of the command, Juliana Tomo, a Superintendent of Customs, the engagement programme, which began last month...
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Adeleke, Ooni Hail Arowoogun at His Retirement from FirstBan

01.01.2026
Prominent Nigerians, including the Osun State Governor, Ademola Adeleke; the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi; and the Managing Director/Chief Executive Officer of FirstBank of Nigeria, Olusegun Alebiosu, have commended Dr Timothy Olubanjo Arowoogun for his meritorious service and lasting contributions to the banking industry. Arowoogun was honoured during a recent programme organised to...
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Nigeria’s FX Reserves to Reach $51bn by 2026, CBN Says

01.01.2026
The Central Bank of Nigeria predicts external reserves will climb to $51.04bn in 2026, up from $45bn in 2025. This projection was contained in the Macroeconomic Outlook for Nigeria, 2026, titled ‘Consolidating Macroeconomic Stability Amid Global Uncertainty’, published by the CBN on Tuesday. The PUNCH reported that Nigeria’s external reserves as of Monday, 29 December...
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Morayo Afolabi-Brown Unveils New Talk Show ‘The Morayo Show’

01.01.2026
Popular media personality Morayo Afolabi-Brown has unveiled a new national talk show, The Morayo Show, which she described as an effort to promote inclusive, interactive and people-centred conversations around Nigeria’s social, cultural and emotional issues. The daily live audience programme, slated to premiere on 5 January 2026, will air every weekday on News Central TV,...
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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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