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Global trade tensions weaken naira, drag oil prices – Report

Volatility returned to the global oil market in April as escalating trade tensions, particularly between the United States and China, triggered a sharp drop in crude oil prices and heightened pressure on the Nigerian naira. Although US President Donald Trump’s “liberation day” tariff policy exempted oil, the energy market still responded negatively. The key concern...
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Inlaks appoints new CEO to drive innovation

Inlaks, a leading systems integrator and ICT provider in sub-Saharan Africa, has appointed Charles Ifedi as its new Chief Executive Officer, Africa operations. According to a statement to The PUNCH, he succeeds interim CEO Henry Okolo, who returns to his earlier role in Inlaks as board director. A seasoned business executive, technology consultant, and entrepreneur,...
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How to spot Ponzi schemes before investing

What once relied on word-of-mouth and text messages has now evolved into sleek websites, crypto buzzwords, and social media influencers. But no matter the packaging, the outcome is often the same: financial ruin for unsuspecting investors, JOSEPHINE OGUNDEJI writes Over the years, Nigerians have painfully learned that not all that glitters is gold. From MMM,...
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Firm unveils plan to boost financial security

EmPLE Life Assurance Limited has launched a new endowment policy called BETA Life, aimed at helping Nigerians grow their wealth, secure their future, and stay financially protected. In a statement made available to our correspondent on Sunday, the company said the product was designed in response to the current economic realities, where many Nigerians face...
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CWG posts N1.4bn Q1 profit

Computer Warehouse Group Plc has posted a profit after tax of N1.48bn for the first quarter ended March 31, 2025, representing a 368 per cent increase from the N316.1m recorded in the same period of 2024. The company’s unaudited financial statement filed with the Nigerian Exchange revealed that the group’s revenue surged by 83 per...
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Ilara-Mokin plants 800 trees in green initiative

Ilara-Mokin, a town in the Ifedore area of Ondo State in South-West Nigeria, has planted 800 trees as part of its green initiative for the community. In a statement on the second phase of the tree planting exercise, it was disclosed that the first phase was done during the official launching of the programme in...
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Ministry, NIWA set unified shoreline standards

The Federal Ministry of Housing and Urban Development and the Nigerian Inland Waterways Authority have agreed to establish a unified procedure for licensing shoreline developments in Lagos. At a high-level meeting held in Abuja recently, both agencies resolved to harmonise their operations through a joint technical committee. The committee will define standard processes, clarify roles,...
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VFD Group reports N19.8bn gross earnings

VFD Group Plc has reported a 27 per cent increase in gross earnings to N19.8bn for the first quarter ended March 31, 2025, compared to N15.3bn in the same period of 2024. The unaudited financial statement filed with the Nigerian Exchange showed that investment and similar income grew by 48 per cent to N18.7bn from...
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Firm plans credit expo to deepen financial inclusion

Organisers of Africa Credit Expo 2025, CreditRegistry, have said the event will highlight the transformative power of collaboration and innovation in forging a stronger financial future for Nigeria. The Managing Director/Chief Executive Officer of CreditRegistry, Dr Jameelah Sharrieff-Ayedun, who stated in a statement in Benin on Saturday, said the expo is slated for November in...
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Equity market gains N413bn as Beta Glass leads rally

The Nigerian equities market kicked off the new trading week on a bullish note. On Monday, investors gained N413bn, driven by price appreciation in blue-chip stocks such as Beta Glass, Cadbury, and Multiverse. At the close of trading, the All-Share Index rose by 655.93 points, or 0.62 per cent, to close at 106,698.50 points, while...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...