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NNPCL names new eight-man management team

05.04.2025
The Nigerian National Petroleum Company Limited has announced the appointment of a new eight-member senior management team tasked with overseeing the affairs of the company’s operations and strategic direction. It also reshuffled key management positions to strengthen its operational efficiency. A statement by the company’s spokesman, Olufemi Soneye, disclosed the latest development on Friday. The...
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Hackers steal pensioners’ $500,000 savings in Australia

05.04.2025
Australia’s largest pension funds have been hit by a wave of coordinated cyberattacks, compromising more than 20,000 accounts and leading to significant financial losses for some members, including a reported theft of A$500,000 from four individuals. According to a source familiar with the matter, hackers infiltrated multiple funds, including AustralianSuper, Australian Retirement Trust, Rest, Insignia,...
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FCMB recorded N111.9bn profit before tax in 2024

05.04.2025
First City Monument Bank recorded a Profit Before Tax of N111.9 billion for the financial year ending December 31, 2024. This was confirmed in a corporate statement released through the Nigerian Exchange Limited on Thursday. The statement revealed that PBT grew by 71 per cent, impacted by a 56.6 per cent decline in revaluation income...
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NCAA to sanction airlines over deportees maltreatment

05.04.2025
The Nigeria Civil Aviation Authority has strongly cautioned international airlines against the increasing complaints from passengers who are transported partway to their destinations, only to be deported back to Nigeria. The NCAA criticised this practice, emphasising that it has led to considerable distress for passengers and damaged the reputation of Nigeria’s aviation industry. The NCAA’s...
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Local refineries importing substandard crude, PETROAN alleges

05.04.2025
The Petroleum Products Retail Outlet Owners Association of Nigeria says some local refineries are importing substandard crude into Nigeria to cut costs. Speaking with our correspondent on Thursday, PETROAN National Publicity Secretary Joseph Obele said the refineries have been importing crude oil with high sulphur content into Nigeria. Asked to mention some of the refineries,...
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Pelican Valley, POWA collaborate on women empowerment

05.04.2025
Pelican Valley Nigeria Limited has announced plans to collaborate with the Police Officers Wives Association to support women and families through empowerment initiatives. The Chief Executive Officer of Pelican Valley, Dr Babatunde Adeyemo, made this known on Tuesday during a visit by a 13-member delegation of the Ogun State chapter of POWA, led by the...
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United Capital pays N9bn dividend

05.04.2025
Pan-African investment bank and financial services group United Capital is set to pay a dividend worth N9 bn to shareholders on Friday (today) for the 2024 financial year. According to its corporate filings with the Nigerian Exchange Limited, the shareholders will receive the dividend payout after its approval at its Annual General Meeting scheduled for...
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Manufacturers need bailout to survive – Operator

05.04.2025
Chief Executive Officer of Olatunde Prestige Limited and Bezaleel Manufacturing Company, Babatunde Ebidero, discusses with BANKOLE TAIWO some factors hampering the growth of small and medium-scale enterprises in the country, among other issues How are manufacturers coping with the present economic realities? The truth is that the current economic reality is a global challenge, but...
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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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