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Sustainable business strategies for long-term success

25.04.2025
Starting a business is exciting, but keeping it running for the long haul is the real challenge. JOSEPHINE OGUNDEJI writes Many businesses start strong but struggle to survive after a few years because they focus only on quick profits rather than building a solid foundation. A sustainable business isn’t just about making money today; it’s...
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Ponzi schemes threaten capital market growth — SEC

25.04.2025
The Securities and Exchange Commission has raised concerns over the growing threats posed by Ponzi schemes and other illegal investment platforms, warning that such activities endanger the growth and stability of Nigeria’s capital market. In a notice issued to the investing public on Thursday, the commission advised Nigerians to report any suspected illegal investment operations...
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Foreign investors dominate NGX as total trades cross N1tn

25.04.2025
Foreign investors took the lead on the Nigerian Exchange Limited in March 2025, accounting for 62.74 per cent of total equity transactions, as the market recorded a significant spike in trading activities. Data from the NGX’s latest Domestic and Foreign Portfolio Investment Report showed that total transactions for the month surged by 118.95 per cent...
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OPay shines as only fintech honoured at Vanguard Awards

25.04.2025
OPay, Nigeria’s leading digital financial services provider, has been crowned the Most Innovative Fintech in Nigeria by Vanguard Newspapers. In a statement made available to our correspondent on Thursday, Opay emerged as the only fintech to receive an award at the event, further solidifying the company’s position at the forefront of financial technology innovation in...
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Transcorp Power revenue hits N105.4bn

25.04.2025
Transcorp Power Plc has posted a revenue of N105.4bn for the period ended 31 March 2025, marking a significant 55.3 per cent increase from N67.9bn recorded in the same period of 2024. The company’s unaudited interim financial statements released on the Nigeria Exchange Limited on Thursday showed a corresponding rise in profit after tax, which...
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Investments in manufacturing sector crashed by 35% – MAN

25.04.2025
A report by the Manufacturers Association of Nigeria has revealed that investments in the manufacturing sector contracted by 35.3 per cent in 2024. The sector endured a sharp contraction in real investment in the past year, as finance costs of N1.3tn elevated by the country’s harsh macroeconomic environment forced manufacturers to scale back expansion plans....
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Recyclers fume as coloured plastics hurt business

25.04.2025
Recyclers have raised concerns over the continued use of coloured plastics by manufacturers, lamenting that the packaging materials are hurting their operations, leading to business loss. Speaking at the second Eko Waste Summit held in Lagos on Thursday, President of the Lagos Recycling Association, Dr Femi Idowu-Adegoke, decried the reluctance of some manufacturers to adopt...
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LCCI, CPPE advise businesses to revise growth strategy

25.04.2025
Private sector operators have called on businesses to urgently revise their outlook for 2025 as the global economy reels from the ongoing tariff war, while internal insecurity threatens to derail growth forecasts. This warning follows the country’s economic expansion for the third consecutive month in March, according to the latest Purchasing Managers’ Index released by...
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10 banks pay N987bn tax to FG

25.04.2025
Ten commercial banks in Nigeria paid a combined N987.40bn in corporate income tax to the Federal Government in the 2024 financial year, The PUNCH reports. This sum was disclosed in the banks’ consolidated and separate financial statements for the year ended December 31, 2024, on the Nigeria Exchange Limited. An analysis of the financial statements...
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Lafarge Africa grows Q1 profit to N48.64bn

25.04.2025
Lafarge Africa Plc has reported a surge in its financial performance for the first quarter of 2025, posting a profit after tax of N48.64bn, a massive 837 per cent increase from N5.19bn recorded in the same period last year. In its financial report released on the Nigeria Exchange Limited on Thursday, the company’s revenue for...
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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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