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Sterling Financial Q1 Profit: N17.2bn Surge

25.06.2025
Sterling Financial Holdings Company Plc recorded a profit after tax of N17.2bn for the first quarter ended March 31, 2025, more than doubling the N7.5bn posted in the corresponding period of 2024. The financial services firm’s performance was driven by an increase in interest income, which rose by 42 per cent from N55.3bn in Q1...
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Greenwich Bank Gets A- Credit Rating Upgrade

25.06.2025
Greenwich Merchant Bank Limited has received an upgraded credit rating of ‘A-’ with an outlook from rating agency Agusto & Co., signalling financial strength, risk management and a path for long-term growth. This marks an upgrade from its previous “BBB+” rating in 2024 and reflects the bank’s operational performance and sustained profitability. In a statement...
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IMG to Raise N6.5bn via Rights Issue

25.06.2025
Industrial & Medical Gases Nigeria Plc has secured shareholders’ approval to raise N6.5bn through a rights issue as part of its plan to strengthen capital, expand operations, and deepen market reach. The approval was granted over the weekend at an extraordinary general meeting held immediately after the company’s 65th annual general meeting in Lagos, where...
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Sanwo-Olu Opens Largest Safety Footwear Factory in Nigeria

25.06.2025
The Lagos State Governor, Babajide Sanwo-Olu, is set to commission the largest safety footwear manufacturing factory in Nigeria, owned by Yikodeen Company Limited, marking a significant boost to local production and industrial growth. In a statement on Monday, it was noted that Yikodeen Company Limited is set to officially unveil its ultra-modern, expanded manufacturing facility...
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Ekiti Maize Farmers Get Boost from BATN Initiative

25.06.2025
The British American Tobacco Nigeria Foundation has launched a maize micro-enterprise initiative in Oke-Ako, Ekiti State, to empower smallholder farmers and boost food security. According to a statement, the BATN foundation partnered with SwagCo and Odu’a Investment Company to flag off the Sustainable Development of Maize Micro-Enterprise Farmers Project on June 17. BATN foundation noted...
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89% Job Losses? MAN Sounds Alarm

25.06.2025
The Manufacturers Association of Nigeria has raised the alarm that the planned ban on single-use plastics in Lagos State will wipe out the livelihoods of over 89 per cent of operators in the plastic value chain. The Director-General of MAN, Segun Ajayi-Kadir, issued the warning in a statement on Monday, calling on the Lagos State...
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Food Inflation Defies Drop in Headline Inflation

24.06.2025
Despite the deceleration in the headline inflation over April and May, economic watchers have expressed fears regarding food inflation. According to the last Consumer Price Index released by the National Bureau of Statistics, the headline inflation rate eased to 22.97 per cent relative to the April 2025 headline inflation rate of 23.71 per cent. The...
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NPA Targets N1.28tn Revenue in 2025

24.06.2025
The Nigerian Ports Authority has earmarked a revenue generation target of N1.28tn in 2025. This is up from the N894.86bn it realised in 2024. The revenue target, according to the agency, is anchored on ambitious reforms aimed at modernising port infrastructure, harnessing advanced technology, and capitalising on increased maritime activity, especially with the expected full-scale...
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NGX Gains N279bn: Market Soars (51 characters)

24.06.2025
The Nigerian Exchange Limited began the week on a bullish note, adding N279bn to its market capitalisation on Monday as investors showed renewed interest in key stocks across several sectors. At the close of trading, the market capitalisation rose from N74.55tn on Friday to N74.83tn, while the All-Share Index appreciated by 441.43 points, or 0.37...
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Petrol Price Hits N955: Nigeria Fuel Costs Surge

24.06.2025
Retail outlets under the nameplate of the Nigerian National Petroleum Company Limited effected an upward adjustment in the pump price of the Premium Motor Spirit, also known as petrol, to N945 per litre in the Federal Capital Territory on Monday. They also adjusted their petrol price to N915 per litre at several of their Lagos...
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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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