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Dangote Refinery Costs More Than Lomé Imports, Marketers Say

24.07.2025
The President of the Dangote Group, Aliko Dangote, has raised concerns over rising logistics and regulatory bottlenecks stifling its competitiveness, disclosing that port-related charges have made it more expensive for oil marketers to lift products from its Lekki-based refinery than from offshore storage depots in neighbouring countries like Togo. The businessman noted that domestic marketers...
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Court Dismisses N12.3bn Fraud Case Against Otudeko

24.07.2025
The Federal High Court in Lagos has struck out the N12.3bn fraud charge filed by the Economic and Financial Crimes Commission against the Chairman of Honeywell Group, Dr Oba Otudeko, and three others, after the anti-graft agency formally withdrew the case on Wednesday. The EFCC, on Wednesday, formally withdrew the 13-count charge filed before the...
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Auto Bucks Lenders Achieves 100% Profit Growth

24.07.2025
Auto Bucks Lenders, a subsidiary of Alert Group, has reported a profit growth of over 100 per cent since its inception. According to a statement on Tuesday, the company disclosed this during its annual regional customer forum held in Ibadan recently. According to the Group Chief Executive Officer of Alert Group, Kazeem Olanrewaju, the firm’s...
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Equity Trading Soars 120% to N779bn on Nigerian Exchange

24.07.2025
The Nigerian stock market recorded a surge in equity trading activities in June 2025, with total transactions hitting N778.65bn, representing a year-on-year increase of 120 per cent compared to N354.55bn, recorded in the same month last year. Data released by the Nigerian Exchange Limited on Tuesday showed that the market’s growth was driven largely by...
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SEC Embraces Blockchain, Quantum Computing for Capital Marke

24.07.2025
The Director-General of the Securities and Exchange Commission, Emomotimi Agama, has said the Commission is committed to fostering innovation in the Nigerian capital market through emerging technologies such as blockchain and quantum computing, while ensuring investor protection remains a priority. According to Wednesday’s release, Agama made this known during his keynote address at the Comercio...
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NGX Closes Flat, Gains N67bn

24.07.2025
The Nigerian Exchange Limited closed Wednesday’s trading session on a flat note, gaining N67bn in market capitalisation amid mixed sentiment across key sectors. At the close of trading, the All-Share Index inched up by 105.70 points, representing a marginal gain of 0.08 per cent, to settle at 132,557.43 points. This pushed the market capitalisation up...
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Ajaokuta Steel Owes N5.6bn Electricity Debt, Faces Disconnec

24.07.2025
The Nigerian Electricity Regulatory Commission has warned that Ajaokuta Steel Company Limited and its host community face imminent disconnection from the national grid due to their failure to settle outstanding electricity debts totalling N5.63bn in 2024. According to the 2024 Annual Report of the commission, Ajaokuta received energy supply and grid services during the year...
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MPC Holds Rate at 27.5%: Experts Divided on Impact

24.07.2025
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 27.5 per cent for the third consecutive time in 2025, opting to keep all key policy parameters unchanged. The Governor of the CBN, Olayemi Cardoso, disclosed this at a press briefing in Abuja on Tuesday following the conclusion...
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Tinubu Sets 2026 Deadline for National Single Window Platfor

24.07.2025
President Bola Tinubu has directed the National Single Window Steering Committee to ensure the platform becomes fully operational by the first quarter of 2026. The directive was delivered during the fifth steering committee meeting at the State House, Abuja, on Tuesday, where Tinubu was represented by his Chief of Staff, Femi Gbajabiamila. Special Adviser to...
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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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