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Rising Crude Prices Boost Nigerian Market

30.06.2025
Investment firm Meristem Securities Limited has projected that Nigerian oil and banking stocks will benefit from the ongoing surge in global crude oil prices driven by geopolitical tensions in the Middle East. According to Meristem’s latest macroeconomic and capital market update, the rising oil prices could have implications for Nigeria’s economy and financial markets, with...
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$20M Daily Revenue, NGX Listing Imminent

30.06.2025
Nigerian Exchange Group and key capital market stakeholders have expressed readiness to support the planned listing of Dangote Fertiliser Limited on the Exchange. The development followed a recent visit by the board and management of NGX Group, alongside other market stakeholders, to the Dangote refinery and fertiliser facilities in Lagos. Group Managing Director and Chief...
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Marketers Seek Funding for Nationwide Expans

30.06.2025
The Independent Petroleum Marketers Association of Nigeria has sought government funding to convert existing petrol stations to Compressed Natural Gas refilling centres. The association said the Presidential Compressed Natural Gas Initiative has great potential but cannot be scaled effectively without significant government support, even as the Federal Government announced that over 100,000 vehicles had been...
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NNPC Foils Sabotage Attempt, Pledges Reforms

30.06.2025
The new leadership of the Nigerian National Petroleum Company Limited, led by Bayo Ojulari, has raised the alarm that some saboteurs within and outside the organisation are working against efforts to transform the company into a corruption-free one. Recall that Ojulari took over from Mele Kyari, who was removed by President Bola Tinubu as the...
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Nigeria-Indonesia Trade Forum: FG Boosts Bilateral Trade

29.06.2025
The Federal Government has pledged support for the Nigeria-Indonesian Investment and Trade Forum 2025 to boost bilateral trade and attract foreign investment. Mr Ishmael Balogun, President of the Nigerian-Indonesian Chamber of Commerce and Industry, revealed this during a news conference on Friday in Lagos. He said the Office of the Vice President, Mr Kashim Shettima,...
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New Leadership Faces Corruption Fight

29.06.2025
The new leadership of the Nigerian National Petroleum Company Limited, led by Bayo Ojulari, has raised the alarm that some saboteurs within and outside the organisation are working against efforts to transform the company into a corruption-free one. Recall that Ojulari took over from Mele Kyari, who was removed by President Bola Tinubu as the...
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Bank Liquidation: Lawsuits Frustrating NDIC’s Process

29.06.2025
The Nigerian Deposit Insurance Corporation has said that litigations by former bank employees affect its mandate of liquidating failed banks. This was disclosed by the acting Managing Director/Chief Executive of NDIC, Emily Osuji, on Thursday at a sensitisation seminar for judges of the National Industrial Court and members of the Investment and Securities Tribunal in...
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N308bn Equity Wipeout in Nigeria

29.06.2025
The Nigerian Exchange ended Thursday’s trading session in the red, reversing three consecutive days of gains as investors lost N308bn following profit-taking in large-cap stocks. At the close of trading, the All-Share Index declined by 0.39 per cent, shedding 478.64 points to settle at 120,779.05, a decline that pulled the market capitalisation down to N76.5tn...
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N5bn Infrastructure Bond Listed on NGX

29.06.2025
TSL SPV Plc has listed its N5bn 21 per cent Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond on the Nigerian Exchange Limited, under its N50bn bond issuance programme. The 10-year bond, which matures in June 2035, is backed by a guarantee from Infrastructure Credit Guarantee Company Limited. It is aimed at financing critical infrastructure...
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NCC Reviews Laws for Tech Growth

28.06.2025
The Nigerian Communications Commission has presented a comprehensive report on its 2024 Regulatory Impact Assessment, aimed at aligning existing telecom regulations with the fast-evolving technology landscape. The assessment focused on critical areas within the telecoms sector, including licensing, SIM registration, subscriber management, spectrum trading, enforcement procedures, and infrastructure sharing. It was designed to evaluate the...
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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...

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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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