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Adeniyi’s Election Boosts Nigeria’s Global Trade

The emergence of the Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, as the first Nigerian to chair the World Customs Organisation, is expected to boost local production, ANOZIE EGOLE writes Since its establishment in Brussels on January 26, 1953, initially as the Customs Co-operation Council, the World Customs Organisation has evolved into a powerhouse...
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Equities market extends bullish run with N212bn gain

The Nigerian Exchange Limited extended its bullish run on Wednesday, as investors recorded a gain of N212bn, following renewed buy interest in highly capitalised stocks across key sectors of the market. At the close of trading, the market capitalisation increased from N76.788tn on Tuesday to N77tn, while the All-Share Index rose by 335.74 points, representing...
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N4bn Savings Bonds Listed on NGX

The Nigerian Exchange Limited has announced the listing of the June 2025 issue of the Federal Government of Nigeria Savings Bonds on its platform. According to a market bulletin issued on Wednesday, with reference number NGXREG/IRD/MB48/25/07/09, the total amount listed stood at N4.01bn, comprising two bond offerings. The first tranche is the 16.121 per cent...
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NIDF Posts N11.79bn Profit in H1 2025

Nigeria Infrastructure Debt Fund has reported a profit of N11.79bn for the half year ended June 30, 2025, reflecting a strong 41 per cent increase from the N8.34bn recorded in the corresponding period of 2024. This was disclosed in its Half Year 2025 Investor Report published on the Nigerian Exchange Limited on Wednesday. According to...
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Julius Berger Hits N1tn in Assets: 2024 Financial Report

Julius Berger’s total assets crossed the N1trn mark in 2024, marking a significant milestone in the company’s financial performance. In a statement, it was revealed that the disclosure was made during the company’s first forum under its new Managing Director, Dr. Peer Lubasch, who took over in October 2024, alongside Executive Director of Finance Christian...
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Ogun empowers artisans with loans

The Ogun State Government has approved the disbursement of low-interest soft loans to artisans across the state, aiming to empower grassroots entrepreneurs and stimulate local economic growth. In a statement made available to our correspondent on Tuesday, the initiative was disclosed by the Commissioner for Community Development and Cooperatives, Ademola Balogun, during the closing ceremony...
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Trump’s new copper, tech products tariffs escalate trade war

United States President Donald Trump has intensified global trade tensions by announcing new tariffs on a range of imported products, including copper, semiconductors, and pharmaceuticals, in a move that signals a deepening of the trade war with key international partners. According to Reuters, Trump stated late Tuesday via his social media platform, Truth Social, that...
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Mutual Benefits Profit Soars 92% in 2024

Mutual Benefits Assurance Plc recorded a 92 per cent rise in its 2024 full-year profit, growing to N11.32bn from N5.89bn in 2023. According to its audited results filed with the NGX, the growth was driven by strong investment returns and a reversal in reinsurance losses. Insurance revenue rose 68 per cent to N66.92bn from N39.92bn,...
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$15bn Ondo Refinery, Free Trade Zone Planned

Backbone Infrastructure Nigeria Limited has announced plans to build a $15bn refinery with a capacity of 500,000 barrels per day and establish a Free Trade Zone in Ilaje Local Government Area of Ondo State. The mega project, billed for the Sunshine Industrial Park in Ogboti-Eruuna and the proposed Sunshine Free Trade Zone, will be delivered...
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Closing Financial Gaps in Nigeria (ACAMB Confere

The fourth Stakeholders Conference of the Association of Corporate & Marketing Communications Professionals in Banks in Nigeria is set to focus on the potential of artificial intelligence to drive financial inclusion. According to a statement from the association on Tuesday, the conference is scheduled to be held on July 10. This year’s conference, themed ‘AI...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...