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Cost Optimization Key to Pr

14.07.2025
Investment banking firm, Afrinvest, has called on Nigeria’s Fast-Moving Consumer Goods companies to prioritise cost optimisation strategies, particularly through scaling up Backwards Integration Projects, to sustain profitability as macroeconomic conditions show signs of improvement. Afrinvest made this call in its 2025 Consumer Goods Sector Report titled ‘Recovery, Realignment and Resurgence’, authored by Team Lead, Abiodun...
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Nigeria’s IMO Council Bid: Minister Intensifies Campaign

14.07.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has launched a comprehensive campaign to secure Nigeria’s election into Category C of the International Maritime Organisation Council. This was announced in a statement signed by the Special Adviser, Media and Communications to the Minister of Marine and Blue Economy, Bolaji Akinola. Oyetola formally flagged off...
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NIMC Denies Downtime Amid SIM Swap Delays

14.07.2025
The National Identity Management Commission on Friday said its National Identification Number verification portal is working, despite complaints by telecom subscribers and operators about continued service disruption. Many Nigerians in recent weeks have expressed frustration over their inability to retrieve their phone numbers or complete SIM-related services due to what they described as a prolonged...
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SME Growth Boosted by New Tax Laws

14.07.2025
The acting Managing Director of Parthian Capital Limited, Ms. Ibilola Ashcroft, a Chartered Financial Analyst with over a decade of experience and specialised expertise in investment products, explains the impact of the new tax acts on the formalisation of the informal sector and more in this interview with OLUWAKEMI ABIMBOLA. Excerpts: What impacts do you...
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Ikeja Hotel Debt Probe: SEC Orders Restatement

13.07.2025
The Securities and Exchange Commission has issued directives on the forensic investigation into Ikeja Hotel Plc and its investee companies, ordering the restatement of the company’s indebtedness and the transfer of shares. The company secretary, Olubunmi Tadema, stated on behalf of Ikeja Hotel Plc and OOT Nominees Ltd on the Nigeria Exchange Limited on Thursday....
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Auxano Solar Panels Get Global Certification

13.07.2025
Auxano Solar, a Nigerian solar panel company, says it has secured international certification for its locally assembled photovoltaic modules, marking what it described as a milestone for Nigeria’s renewable energy sector. The company announced in a statement that its solar panels have been certified under IEC 61215 and IEC 61730 standards by TÜV Rheinland, a...
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Ogun Issues Banks 30-Day Ultimatum on Permits

13.07.2025
The Ogun State Government has issued a 30-day ultimatum to all banks operating within the state to obtain and regularise their development permits or face enforcement action. The Commissioner for Physical Planning and Urban Development, Tpl. Olatunji Odunlami gave the warning during a stakeholders’ meeting organised by the Department of Urban Development at the Ministry’s...
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Ecobank Plans $250M Capital Raise

13.07.2025
Ecobank Transnational Incorporated announced its plan to raise up to $250m in Additional Tier 1 capital through a private placement of contingent convertible notes. In a statement filed on the Nigerian Exchange Limited recently, the capital raise was approved by shareholders at the company’s Extraordinary General Meeting held in Lomé, Togo. The private placement offer...
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Nigeria’s High Oil Production Cost: Security Investments Sur

13.07.2025
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has attributed the country’s high oil production cost to massive security investments aimed at safeguarding crude oil pipelines in the Niger Delta region. Ojulari, who spoke in an interview with Bloomberg on the sidelines of the 9th Organisation of Petroleum Exporting...
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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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