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‘Food crisis may worsen without urgent investment’

05.05.2025
An agribusiness expert and Chief Executive Officer of AgroEknor, Timi Oke, has warned about the escalating threat of food insecurity in Nigeria, urging immediate investment and comprehensive reforms. Speaking at the recent GTR West Africa 2025 conference, Oke warned that the nation’s agricultural sector is teetering on the brink due to compounding factors such as...
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REDAN advocates transparency in land administration

05.05.2025
The National President of the Real Estate Developers Association of Nigeria, Akintoye Adeoye, has called on relevant authorities to establish a transparent and corruption-free system in the real estate and land administration sectors, warning that a lack of clarity and manipulation are driving up housing costs and hindering affordability. Speaking to Sunday PUNCH on the...
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Nigeria’s logistics growth tied to internet surge — Meest China boss

05.05.2025
The International Business Development Director at Meest China, a global logistics firm, Bohdan Khomenko, shares insights with JUSTICE OKAMGBA on how Africa’s booming internet access, digital payments, and e-commerce growth are fueling demand for smarter logistics solutions across the continent What are the factors influencing the expansion of logistics firms into Africa, specifically Nigeria?  At...
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Air Peace spokesman resigns

05.05.2025
The Head of Corporate Communications at a Nigerian carrier, Air Peace, Dr. Ejike Ndiulo has resigned barely six months after his appointment. His sudden departure was confirmed in a statement made available to The PUNCH on Sunday. While the official reason cited for the resignation was for a “higher calling,” insiders in the industry suggest...
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Musk’s Starlink adds 29 satellites to earth’s orbit

05.05.2025
United States tech entrepreneur Elon Musk has announced the successful deployment of 29 more Starlink satellites into Earth’s orbit. The satellites were launched from Florida, further expanding the Starlink constellation operated by SpaceX. Musk made the announcement on Sunday via a post on X, formerly known as Twitter. “29 more Starlink satellites were added to...
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Caverton returns to profit with N1.6bn

05.05.2025
Caverton Offshore Support Group Plc has reversed its losses from the previous year, posting a profit after tax of N1.64bn for the first quarter ended March 31, 2025, driven by strong foreign exchange gains and significant cuts in operating and administrative expenses. The group’s financial statement filed with the Nigerian Exchange recently shows a marked...
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Poverty rate among rural Nigerians now 75% – World Bank

05.05.2025
The World Bank has disclosed that the poverty rate among Nigeria’s rural population has reached an alarming 75.5 per cent, highlighting deepening inequality and widespread economic hardship across the country. According to the World Bank’s latest April 2025 Poverty and Equity Brief for Nigeria, rural dwellers are overwhelmingly bearing the brunt of economic stagnation, inflation,...
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Telcos’ $1bn network investment to boost GDP, operators say

05.05.2025
Nigeria’s telecom operators are injecting $1bn into upgrading aging network infrastructure, a move executives say will boost the country’s economy and connectivity across a market of 160 million subscribers. The investment, including MTN Nigeria’s N202.4bn capital expenditure for the first quarter of 2025, signals robust capital spending to address coverage gaps and rising data demand,...
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LivingTrust Mortgage Bank posts N981m profit

05.05.2025
LivingTrust Mortgage Bank Plc has declared a profit of N981.2m, one of the highest in the bank’s history. This was disclosed in its audited financial statement for the year ended December 31, 2024. According to the board and management, LivingTrust Mortgage Bank demonstrated financial stewardship, balancing risk, maintaining asset quality, and driving profitability with a...
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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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