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Afrinvest Equity Fund: 5.7% May Gain

18.06.2025
The Afrinvest Equity Fund sustained its performance in May, recording a 5.7 per cent gain for the month, outperforming the broader Nigerian equities market. This strong showing has boosted the fund’s year-to-date return to 14.4 per cent, up from 8.2 per cent in April. According to its mutual funds fact sheet released recently, the Nigerian...
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N8.6bn Pension Arrears Paid to 148,625 Retirees – FG

18.06.2025
The Pension Transitional Arrangement Directorate, an agency of the Federal Government, has disbursed N8.6bn as arrears of the N32,000 pension increment approved by President Bola Tinubu in 2024. According to a press statement released on Monday and signed by PTAD’s Head of Corporate Communications, Olugbenga Ajayi, the latest instalment covers all 148,625 eligible pensioners under...
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Dangote Fuel Plan: Marketers Fear Shutdown

18.06.2025
Oil marketers under the aegis of the Petroleum Products Retail Outlets Owners Association of Nigeria have raised concerns over the Dangote Petroleum Refinery’s plan to distribute fuel directly to filling stations and other businesses nationwide. PETROAN warned that the policy could lead to job losses and place Dangote in a monopoly-like position. With a production...
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Renewable Energy Push in Nigeria Amid Power Failures

18.06.2025
With a particular focus on the role of the Nigerian Electricity Regulatory Commission, DAMILOLA AINA highlights how regulatory frameworks and strategic initiatives help to accelerate the adoption of distributed renewable energy systems. By embracing these solutions, Nigeria has taken critical steps towards achieving energy sufficiency and improving access to electricity for underserved communities As the...
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Raiz Hits $2.6M Milestone in 90 Days

18.06.2025
Raiz, a financial platform designed to simplify global money management for Africans at home and in the diaspora, has revealed that it has processed $2.6m in transaction volume within 90 days. This was disclosed in a statement made available to The PUNCH. Launched earlier this year, Raiz empowers users with USD banking, real-time currency exchange,...
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US Backs Lagos Free Zone Investment

18.06.2025
The United States Diplomatic Mission in Nigeria has expressed readiness to drive foreign direct investment to the Lagos Free Zone, Nigeria’s first private special economic zone. In a statement on Monday, it was revealed that the U.S. Ambassador to Nigeria, Richard Mills Jr, gave this assurance when a delegation of the U.S. Embassy & Consulate...
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FIRS Extends Tax Office Hours in June

18.06.2025
The Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has directed the extension of tax office operations to weekends for the month of June to cater to the annual Companies Income Tax filing season. This was disclosed in a statement issued on Monday by the Special Adviser on Media to the FIRS chairman, Dare...
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Nigeria’s COVID Recovery: A 20-Year Struggle?

18.06.2025
The World Bank has said that it may take Nigeria and other developing countries about 20 years to recover from the economic losses suffered during the COVID-19 pandemic. This was disclosed by the Senior Vice President and Chief Economist, World Bank Group, Indermit Gill, in the latest edition of the Global Economic Prospects. In the...
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NGX Drops N121bn: CBN Directive Impacts Investors

17.06.2025
The Nigerian Exchange Limited began the new trading week on a bearish note as the market capitalisation declined by N121bn, driven largely by sell-offs in banking stocks following a directive from the Central Bank of Nigeria. The directive, which suspended dividend payments, bonuses, and new foreign investments by banks operating under regulatory forbearance, triggered panic...
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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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