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Meta’s exit may devastate 20m MSMEs – IT firms

11.05.2025
Meta Platforms’ threat to halt Facebook and Instagram operations in Nigeria could devastate 56 per cent of the nation’s 39.6 million micro, small, and medium enterprises, industry players in the information technology space have explained. They further noted that such an exit would erode tax revenues and force businesses to seek costly alternatives, as a...
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OPEC April oil output falls – Report

11.05.2025
The Organisation of the Petroleum Exporting Countries’ oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found. The decline was led by a cut in Venezuelan supply on renewed United States attempts to curb the flows and smaller drops in Iraq and Libya. The Organisation of the Petroleum...
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Airtel Africa rebounds with $661m pre-tax profit

11.05.2025
Airtel Africa has released its full-year 2025 financial report for the period ending March 31, 2025, posting a pre-tax profit of $661m, a sharp turnaround from a pre-tax loss of $63 million in the 2024 financial year. This represents a remarkable 1,147.8 per cent year-on-year growth in reported currency. Profit after tax reached $328m, a...
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Dangote, NNPC pledge collaboration for national growth

10.05.2025
The President/Chief Executive Officer of the Dangote Group, Aliko Dangote, on Thursday paid a courtesy visit to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, in Abuja. The high-level meeting, held at the NNPC Towers, focused on promoting mutually beneficial partnerships and fostering healthy competition between Dangote Petroleum...
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Customs target two-hour cargo clearance at Tincan Island

10.05.2025
The Nigeria Customs Service, Tincan Island Command, said that the full implementation of the B’Odogwu System at the command will reduce cargo clearance to about two hours. Speaking with some journalists at the command on Thursday, the Customs Area Controller of the command, Frank Onyeka, said the application is glitch-free, hence would ease the difficulties...
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NCAA slams N3m fine on Kenya Airways

10.05.2025
The Nigeria Civil Aviation Authority has sanctioned Kenya Airways with a N3m fine among other measures over the alleged maltreatment of Nigerian passengers. The NCAA gave the airline a seven-day ultimatum to refund and compensate the affected passengers. The NCAA spokesman, Michael Achimugu, disclosed the N3m fine to our correspondent on Thursday, after posting a...
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Nigeria taps additional $215m W’Bank loan for palliatives

10.05.2025
The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount released to $530m, The PUNCH reports. Checks by The PUNCH on Thursday on the World Bank’s official website revealed that the cumulative disbursement had increased from the earlier reported $315m in 2023 to...
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SEC unveils capital market technology survey

10.05.2025
The Securities and Exchange Commission has unveiled a technology adoption assessment survey for registered capital market operators as part of efforts to deepen innovation and efficiency in the Nigerian capital market. In a circular issued by the Commission on Wednesday, the SEC stated that the exercise was designed to evaluate the level of adoption of...
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IMF confirms Nigeria’s full repayment of $3.4bn loan

10.05.2025
The International Monetary Fund has confirmed that Nigeria has fully repaid the $3.4bn financial support it received under the Rapid Financing Instrument to cushion the economic impacts of the COVID-19 pandemic. In a statement sent to journalists on Thursday on behalf of Mr Christian Ebeke, the IMF Resident Representative for Nigeria, the Fund said 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...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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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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