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NGX reverses gain despite robust earning season

07.04.2025
The Nigerian stock market began April on a bearish note, reversing the gain of the past week and continuing the negative momentum from March. In the three-day trading week, the NGX All-Share Index dipped by 0.14 per cent week-on-week to close at 105,511.89 points. The market capitalisation slipped by 0.17 per cent to N66.15 tn,...
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Experts back Nigeria Re’s AI strategy for sector growth

07.04.2025
Stakeholders in Nigeria’s insurance industry have expressed support for the latest artificial intelligence strategy of Nigeria Reinsurance Corporation for its balanced approach. According to a public affairs commentator, Ade Adesokan, the move highlights how strategic leadership can harmonise advanced technological capabilities with deep human expertise. Nigeria Re recently launched a training initiative titled ‘Reinsurance Accounting...
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Umahi wants $250m diaspora investors’ accounts published

07.04.2025
The Minister of Works, David Umahi, has demanded that the Chief Executive Officer of Winhomes Global Services Limited, Stella Ifeoma, publish the detailed financial records of diaspora investors from whom she purportedly raised $250m. He made this proclamation at the stakeholders meeting held on Sunday at Eko Hotel, in Victoria Island, Lagos State. He said,...
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Experts decry crippling effects of rising interest rates

07.04.2025
Experts have warned that Nigeria’s spiralling interest rates, now well above 20 per cent are worsening poverty and crippling access to credit for small-scale entrepreneurs and farmers, further threatening the fragile economy. The Central Bank of Nigeria’s aggressive monetary tightening, with the Monetary Policy Rate now at 24.75 per cent, has led to commercial lending...
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FG set to receive first batch of 3.2 million meters

07.04.2025
Federal Government says it is set to receive the first batch of 3,205,101 meters procured to bridge the metering gap in the country. A statement by the Special Adviser, Strategic Communications and Media Relations to the Minister of Power (Adebayo Adelabu), Bolaji Tunji, said 75,000 meters under the International Competitive Bid 1 are expected this...
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SMEs urged to embrace innovation to compete smartly

07.04.2025
The Chief Executive Officer and Lead Innovator at Lalaa Consulting, Demola Aderibigbe, have warned that small and medium-sized enterprises in Nigeria must harness creativity and innovation if they are to thrive and compete with dominant industry players. Aderibigbe made the call during the maiden edition of the Academy of Creativity, Innovation & Disruption, which was...
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RMB promotes investment opportunities in Nigeria via roadshows

07.04.2025
Corporate and investment bank in Africa, Rand Merchant Bank, conducted a series of high-level meetings in Abuja as part of its West Africa investor roadshow. According to a statement from the investment bank, these meetings involved institutional investors, asset managers, and senior government officials, focusing on Nigeria’s macroeconomic landscape and investment prospects. Investment roadshows are...
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Crude prices slump to $65 first time since 2021

07.04.2025
Oil prices plunged this week to $65 per barrel as the United States import tariffs and an unexpected OPEC+ supply hike erased $10 per barrel from global benchmarks. The price appreciated last week when US President Donald Trump imposed tariffs on any country that buys crude from Venezuela. However, oil prices turned around the corner...
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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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