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NAHCO grows PAT to N4.3bn

07.05.2025
The Nigerian Aviation Handling Company Plc has reported a profit after tax of N4.35bn for the first quarter ended March 31, 2025, representing a 173 per cent increase from the N1.59bn posted in the same period of 2024. The company’s unaudited financial statements, filed with the Nigerian Exchange, showed that the surge in profit was...
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CBN reforms reshape external sector amid diaspora inflows

06.05.2025
As Nigeria’s external sector undergoes transformation, SAMI TUNJI examines how foreign exchange reforms, declining central bank dominance, rising diaspora inflows, and transparency are redefining the dynamics of the foreign exchange market. Nigeria’s external sector is undergoing realignment as the Central Bank of Nigeria’s foreign exchange reforms begin to alter market behavior, investor engagement, and diaspora...
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FAAN eyes increased stake in $185bn cargo market

06.05.2025
In a bid to increase Nigeria’s exports, the Lagos airport’s cargo terminal is being transformed, with nearly 90 per cent of the registration phase completed. The Federal Airports Authority of Nigeria is spearheading this reform, which could enable the nation to increase its share in the global cargo work market. The Global Market Insight had...
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NDPC to resolve data breach dispute with Meta

06.05.2025
The Nigeria Data Protection Commission has expressed its commitment to resolving the recent data breach issue involving Meta Platforms Inc. through dialogue and collaboration. This came as an advocacy group, Techsocietal, told The PUNCH on Monday that a potential withdrawal of Meta’s Facebook and Instagram platforms from Nigeria, prompted by $290m in fines and stringent...
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Julius Berger wins construction award at NUJ

06.05.2025
Julius Berger Nigeria Plc has clinched the prestigious Construction Company of the Year Award as journalists celebrate the 2025 World Press Freedom Day in Abuja. In a statement, the National President of the Nigeria Union of Journalists, Alhassan Yahya, who presented the award plaque to Julius Berger at the event, noted that Julius Berger Nigeria...
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FG woos retail investors with savings bond offer

06.05.2025
The Federal Government, through the Debt Management Office, has opened a new window for retail investors with the launch of the Federal Government of Nigeria Savings Bond for May 2025. The offer, which opened on May 5 and closes on May 9, 2025, includes a 2-year savings bond due May 14, 2027, with an interest...
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Wema Bank MD reaffirms commitment to innovation

06.05.2025
The Managing Director and Chief Executive Officer of Wema Bank Plc, Moruf Oseni, has reaffirmed the bank’s commitment to innovation, inclusive banking, and customer satisfaction as the financial institution marked its 80th anniversary in Lagos. Oseni, who spoke at the bank’s recent anniversary gala, tagged “Timeless Elegance,” described the milestone as a celebration of resilience...
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Julius Berger’s profit drops by 65%

06.05.2025
Construction and infrastructure development company, Julius Berger Nigeria Plc, has reported a 65 per cent decline in its profit after tax for the first quarter ended March 31, 2025, amounting to N3.56bn compared to N10.05bn posted in the corresponding period of 2024. The construction giant disclosed this in its unaudited consolidated financial statement released on...
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Naira printing costs skyrocket by 306%

06.05.2025
The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared to N77.67bn recorded in 2023, the apex bank’s audited financial statement for the year has shown. Currency issue expenses cover the printing, processing, distribution, and disposal of banknotes. The latest figures reveal that...
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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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