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FBNQuest Merchant Bank Renamed Quest Merchant Bank

FBNQuest Merchant Bank Limited has announced the completion of its change of name and will now operate as Quest Merchant Bank Limited, following the receipt of all required corporate and regulatory approvals. This was disclosed in a statement released by the firm on Monday. The PUNCH reports that FBN Holdings Plc announced the sale of...
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Nigeria PMI slips below 50 as new orders stall

Nigerian companies recorded a muted start to 2026, with business conditions broadly stable but momentum easing, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index published on Monday. According to the Stanbic IBTC Bank Nigeria PMI compiled by S&P Global, the headline PMI fell to 49.7 in January from 53.5 in December, dropping...
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NRC Accuses Oyo LG of Destroying Railway Assets in Ibadan

The Nigerian Railway Corporation has accused a Local Government in Oyo State of overseeing the destruction of railway infrastructure worth several million naira in Ibadan, threatening that it would pursue all necessary security, administrative, and legal measures to protect its infrastructure and prevent future encroachments on railway corridors across the country. In a statement signed...
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Nigeria secures $18.2bn in new oil investments

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Nigeria achieved a major investment breakthrough in 2025 with the signing of 28 new field development plans, valued at $18.2bn, which carry an estimated production potential of 1.4 billion barrels of oil. Lokpobiri disclosed this on Tuesday in Abuja while delivering his...
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FG decries slow pace of free electricity meter rollout

Only about 200,000 smart meters have so far been installed under the Federal Government’s $500m World Bank-supported Distribution Sector Recovery Programme, DISREP, with officials admitting on Wednesday that the pace of deployment remains poor. Although close to 700,000 meters have already been delivered to the country under the programme aimed at bridging Nigeria’s estimated 5.66...
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APM Terminals Donates Medical Gear in Lagos Community

Nigeria’s largest container terminal, APM Terminals Apapa, has reaffirmed its commitment to community development with the donation of critical medical equipment to the Ojora Olugbode Primary Health Centre in the Apapa Iganmu area of Lagos State. In a recent statement, the terminal operator explained that the public healthcare facility, which serves residents across the Apapa-Iganmu...
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Dangote Sponsors Kaduna Trade Fair to Boost Local Content

Dangote Industries Limited and the Kaduna Chamber of Commerce, Industry, Mines, and Agriculture have entered a strategic partnership to promote local manufacturing at the 47th Kaduna Trade Fair, expected to be declared open on February 6, 2026, by President Bola Tinubu. The Dangote Group is sponsoring the fair, themed “From Reforms to Results: Economic Transformation...
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Steps to Scale Single-Store SMEs into Chains

Many small businesses dream of expanding to multiple locations. When done deliberately, building a business chain follows a clear process that can generate jobs and influence the market, writes ARINZE NWAFOR Building a chain of businesses can be a tricky endeavour. It can signal ambition and confidence, but it also exposes weakness and impatience. True...
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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...