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FMDQ approves N22.68bn commercial paper for Daraju

14.04.2026
FMDQ Securities Exchange Limited has officially approved the quotation of Daraju Industries Limited’s N4.92bn Series 1 and N17.76bn Series 2 Commercial Paper under its N50.00bn issuance programme. The move marks a significant milestone for the Nigerian fast-moving consumer goods sector, providing a multi-billion-naira liquidity injection to one of the country’s leading manufacturers. The approval, granted...
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Senator Urged to Fix Masa Bypass Road in Ogun State

14.04.2026
The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, has urged the Chairman of the Senate Committee on Appropriations, Senator Solomon Adeola, to urgently intervene in the rehabilitation of the Masa bypass road in Ogun State to avert future traffic gridlock along the Kobape-Abeokuta corridor. According to a statement, Adeyemo appealed to the...
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EFCC Warns Banks on Loans Without Verifiable Collateral

14.04.2026
The Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often result in insider abuse and non-performing loans. Olukoyede gave the warning recently when he received the Chief Audit Executive of First Bank Plc, Mufutau Abiola, who led a...
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Dangote plans landmark pan-African refinery IPO

14.04.2026
The President of Dangote Industries Limited, Aliko Dangote, is planning a landmark cross-border public offering of his $20bn oil refinery, in a move that could reshape capital markets across Africa and deepen regional investor participation, a new report by Bloomberg revealed on Monday. The proposed listing, which will see shares of the Dangote Petroleum Refinery...
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Power subsidy hits N418bn as sector losses top N300bn

14.04.2026
The Nigerian Electricity Regulatory Commission has disclosed that the Federal Government incurred a subsidy obligation of N418.79bn in the fourth quarter of 2025, even as inefficiencies across the electricity value chain led to losses exceeding N300bn during the period. This was contained in the commission’s 2025 fourth-quarter report, which also highlighted declining remittances, high distribution...
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How Nigeria can boost growth through critical minerals

14.04.2026
Lamon Rutten, Chairman of Critical Minerals Financing Corporation Plc, outlined his vision for Africa’s mining sector in a recent media interaction. The former Saudi Mining Exchange CEO highlighted mineral securitisation, economic diversification, and Nigeria’s strategic global role. JIDE AJIA reports key insights from the session In your opinion, how could CMFC impact Nigeria’s economy, especially...
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Nigerian equities market rallies, gaining N443bn to start we

14.04.2026
The Nigerian equities market kicked off the trading week on a bullish note as sustained buying interest in medium- and large-cap stocks drove the total market capitalisation up by N443bn. The All-Share Index gained 688.43 points, representing a 0.34 per cent growth to close at 204,458.86 points. Consequently, the total market capitalisation rose to N131.609tn,...
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Why It’s Cheaper, Refiners Explain

14.04.2026
The Crude Oil Refiners Association of Nigeria has faulted claims that imported petroleum products are cheaper than locally refined fuels, arguing that price differences stem from quality disparities and not efficiency, while accusing the World Bank of failing to make a like-for-like comparison. The association’s Publicity Secretary, Eche Idoko, who spoke in an interview with...
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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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