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Conoil Profit Drops 77% in 2025 Amid Rising Costs

04.02.2026
Conoil Plc has reported a sharp 77.1 per cent decline in profit for the 2025 financial year, as rising finance costs and lower revenue weighed heavily on earnings, despite a strong performance in the fourth quarter. The downstream oil marketer’s profit for the period fell to N2.01bn in the year ended 31 December 2025, from...
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NAHCO Grows Net Profit by 40% to N18bn in 2025

04.02.2026
Nigerian Aviation Handling Company Plc recorded a 40 per cent increase in net profit to N18bn for the year ended 31 December 2025, up from N12.865bn in 2024. The company’s total revenue rose 21.8 per cent to N65.21bn from N53.54bn in 2024, while gross profit increased to N38.61bn from N33.08bn. Administrative expenses remained largely unchanged...
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Onigbongbo LCDA Chairman Boosts Staff Welfare & Security

04.02.2026
The Executive Chairman of Onigbongbo Local Council Development Area, Moyosore Adebanjo, has declared free meals for staff of the council. Adebanjo made this known during the commissioning of the newly renovated staff canteen at the council secretariat. He said in a statement on Tuesday that the commissioning marked another step towards improving the well-being and...
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Quickteller Travel earns IATA certification

04.02.2026
Quickteller Travel, the travel and tourism service powered by Interswitch, has received certification from the International Air Transport Association, a milestone that places the brand among a global network of trusted and accredited travel service providers. A statement from the firm on Monday stated that the IATA accreditation reinforces Quickteller Travel’s operational credibility, compliance standards,...
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Peak Milk Celebrates Super Eagles’ AFCON Campaign

04.02.2026
Peak Milk, Nigeria’s leading dairy brand and Official Milk of the Super Eagles, played a key role in energising football fans across the country during the recently concluded Africa Cup of Nations, as the national team secured a bronze-medal finish. To celebrate the Super Eagles’ impressive campaign, Peak Milk hosted a series of watch parties...
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ILO Urges Global Action on Inclusive Labour Markets

04.02.2026
The International Labour Organisation has called for collective global action to foster inclusive labour markets, emphasising the importance of social justice, decent work, and equitable opportunities for all. Speaking at the second Global Labour Market Conference in Riyadh, ILO Director-General Gilbert F. Houngbo highlighted the progress made in global labour markets, citing historically low unemployment...
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Lagos housing market faces supply gap despite new units

04.02.2026
Lagos’ residential property market remains deeply undersupplied despite more than 34,800 housing units currently in the development pipeline, according to the Lagos Real Estate Development Pipeline Report 2025/2026 by Estate Intel. The report estimates that Nigeria’s commercial city has an existing residential stock of about 1.8 million housing units, far below demand in Africa’s most...
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Nigerian Fintech Growth Soars 70% Amid Challenges

04.02.2026
Nigeria’s financial technology sector recorded a remarkable 70 per cent growth in 2025, defying a challenging global economic environment, according to the Central Bank of Nigeria. The findings published in Monday’s report titled “Shaping the Future of Fintech in Nigeria: Innovation, Inclusion, and Integrity”, highlight Nigeria’s emergence as a leading digital finance hub in Africa....
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Airtel Data Centre in Eko Atlantic to Boost Digital Hub

04.02.2026
Eko Atlantic is set to become a major hub for Nigeria’s digital transformation as Airtel Nigeria reaffirms its commitment to strengthening the country’s digital infrastructure through the development of its Nxtra Data Centre. The initiative aims to bridge connectivity gaps, expand access to reliable data, and unlock new opportunities across Nigeria and the wider continent....
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Reforms & private investment key to Nigeria economic growth

04.02.2026
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has said sustained economic reforms and stronger private sector participation are central to Nigeria’s ambition to achieve at least seven per cent GDP growth by 2027–2028. Edun made this observation on Tuesday at the African Business Convention held in Lagos, where he...
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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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