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Equity market extends losses as investors shed N31bn

The Nigerian Exchange Limited extended its losing streak on Thursday, as investors recorded a N31bn decline in market capitalisation. At the close of trading, the All-Share Index dipped by 0.05 per cent to settle at 105,426.12 points, compared to the previous day’s 105,475.38 points. Consequently, the total market capitalisation declined to N66.11tn from N66.14tn. A...
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Ecobank posts N735.9bn profit

Ecobank Transnational Incorporated has reported a profit after tax of N735.9bn for the 2024 financial year, marking a 179 per cent increase from N263.5bn recorded in the previous year. According to its financial statement released on the Nigeria Exchange Limited on Thursday, Ecobank’s gross earnings rose by 131 per cent to N4.22tn in 2024, up...
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ICSAN begins construction of new national secretariat

The Institute of Chartered Secretaries and Administrators of Nigeria has commenced the construction of its national secretariat in Alausa, Ikeja, Lagos, as part of its efforts to strengthen corporate governance practices and enhance professional development in Nigeria. Speaking at the foundation-laying ceremony on Wednesday, the President of ICSAN, Funmi Ekundayo, described the project as a...
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Abbey Mortgage Bank’s profit rises 23%

Abbey Mortgage Bank Plc recorded a 23 per cent increase in profit after tax to N1.07bn in its audited financial statements for the year ended December 31, 2024, compared to N871.3m in the previous year. According to its financial statement on the Nigeria Exchange Limited on Thursday, the growth in profit was driven by a...
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Nigeria’s economic growth stifled by infrastructure deficit

Infrastructure is the foundation of any thriving economy, enabling businesses to operate efficiently, facilitating trade, and improving the quality of life for citizens. However, Nigeria’s significant infrastructure deficit poses a major threat to its economic stability, JOSEPHINE OGUNDEJI writes Nigeria, once celebrated as the “Giant of Africa,” now faces a critical infrastructure deficit that threatens...
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Expert urges education overhaul for youth development

A youth advocate, Oludare Olowora, has called on the Federal Government to revamp Nigeria’s education sector to focus on skill acquisition, arguing that the current system is outdated and does not equip youths for modern career paths. Olowora, who co-founded the UK-based Social Innovation Hub and is a member of the National Youth Council of...
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Oyebanji hails Promasidor’s investment in Ekiti

The Ekiti State Governor, Abiodun Oyebanji, has commended Promasidor Nigeria for its investment in the state, describing the company as a strategic partner in its economic development. According to a statement, Oyebanji made the remarks during a recent visit to Promasidor’s Lagos head office and factory, where he reaffirmed his administration’s commitment to strengthening public-private...
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Nigeria woos investors to tackle food insecurity

The Federal Government has made further calls to attract European investment into Nigeria’s cold chain infrastructure as part of a broader strategy to address food insecurity. This was a key focus at the 2025 edition of the Agrofood & Plastprintpack Nigeria Exhibition and Conference, held at the Landmark Event Centre in Lagos from March 25...
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Polo gets luxury brand recognition

A publication has recognised Polo as the Luxury Brand of the Decade for the retailer’s dominance in the luxury sector. Marketing and advertising publication Marketing Edge, in a statement, said it recognised Polo for its commitment to excellence. For over 30 years, Polo has been at the forefront of luxury retail in Nigeria, offering “an...
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I apologise for saying no heaven without tithe – Adeboye

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Protesters storm Rivers electoral commission, insist election must hold

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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...