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UPDC Plc grows profit by 278% to N836m

22.04.2025
UPDC Plc has reported a 278 per cent growth in profit after tax, rising to N836.91m for the financial year ended December 31, 2024, from N221.51m recorded in the previous year. According to the company’s consolidated and separate financial statements filed with the Nigerian Exchange Limited recently, the growth was driven by an increase in...
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Legend Internet to list two billion shares on NGX

22.04.2025
Legend Internet Plc will be listed on the Main Board of the Nigerian Exchange Limited by introduction on April 24, 2024. In a statement made available to our correspondent on Monday, the listing will see the tech company list two billion ordinary shares, marking its official transition to a publicly traded company. A listing by...
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Investors scared of risks in frontier basins – NAPE

22.04.2025
The President of the Nigerian Association of Petroleum Explorationists, Johnbosco Uche, says investors are not ready to take risks in Nigeria’s frontier basins as they are not sure of hydrocarbon reserves. Frontier basins are geological areas where hydrocarbon exploration activities have not been conducted or where commercial oil and gas discoveries haven’t been made. The...
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Eunisell posts N319.7m profit

22.04.2025
Eunisell Interlinked Plc has reported a surge in its financial performance for the period ended March 31, 2025, posting a profit after tax of N319.7m, representing a 405 per cent increase compared to N63.3m recorded in the same period of the previous year. According to the unaudited financial statements released by the company, the growth...
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NAMA conducts flight checks at Ogun airport

22.04.2025
Officials of the Nigerian Airspace Management Agency have carried out flight checks at the Gateway International Airport, Ogun State, beginning the process for the commencement of commercial flights. Speaking after conducting the check on Monday, the Manager, Flight Calibration Services, NAMA, Miri Selzing, said the aim of the check was to ensure that it aligned...
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Cultivate entrepreneurial skills, LSETF urges youths

22.04.2025
The West Africa Vocational Education, in collaboration with the Lagos State Employment Trust Fund and King’s Trust Fund, has called on youths to develop entrepreneurial skills. This call was made recently during Friday’s Get Hired recruitment fair, which brought together over 150 job seekers and over 20 employers under one roof. The fair marked the...
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FG turns to banks for $23bn lifeline

22.04.2025
In a bid to end age-long power woes, the Federal Government is in talks with commercial banks and other investors to fund its ambitious universal electricity access, which requires a whopping $23.2bn investment. The PUNCH learnt that Nigeria will require $23.2bn of aggregate investment to achieve the planned universal electricity access in five to 10...
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ICAN updates syllabus to support Nigeria’s fiscal reforms

22.04.2025
The Institute of Chartered Accountants of Nigeria has unveiled a revised professional examination syllabus that seeks to support the country’s fiscal reform agenda and improve public sector accountability. At the unveiling recently, the body revealed that the syllabus also aligned with its ICAN Accountability Index, an instrument that it uses to assess transparency in public...
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Nine local banks generate N14tn from loans

22.04.2025
•How banks profited from lending in 12 months amid economic pressure Nine Nigerian banks raked in a combined interest income of N14.26tn in 2024, an analysis of the audited financial results of the financial institutions shows. As the banks made trillions of naira from the interest on loans given to customers during the review period,...
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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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