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Thomas Wyatt records N12m loss

21.03.2025
Thomas Wyatt Nigeria Plc has reported a loss of N12.4m for the financial year ended March 31, 2024, marking a 129 per cent decline from the N43.1m profit recorded in the previous year. The company’s financial statements filed on the Nigeria Exchange on Thursday showed a downturn in profitability, driven by a decline in revenue,...
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MACBAN urges FG to update livestock population data

21.03.2025
The Miyetti Allah Cattle Breeders Association of Nigeria has called for an urgent update to Nigeria’s livestock census, citing outdated data as a challenge to effective grazing reserve management and sustainable livestock farming. The association’s national secretary, Aliyu Gotomo, told The PUNCH in a phone interview that having accurate data prevents overgrazing and enhances pastoralist...
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Operators eye 80% local agro-sourcing

21.03.2025
No fewer than 25 agribusiness, private and public sector players have committed to sourcing at least 80 per cent of their total viable raw materials and ingredients from within Nigeria by 2035. These companies, at an event in Lagos on Wednesday, committed to meeting this target by signing a Memorandum of Understanding to become parties...
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NGX market cap drops to N65.8tn

21.03.2025
The Nigerian Exchange recorded a decline in market capitalisation at the close of trading on Thursday, as the All-Share Index dropped marginally by 0.05 per cent. The total market capitalisation fell to N65.8tn, reflecting a weaker investor sentiment in the equities market. Also, a total of 310,527,528 shares were exchanged in 10,182 deals, amounting to...
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Govt attracts $14bn, €250m investments from India, Netherlands

21.03.2025
Nigeria has secured an investment of $14bn from India, spanning multiple sectors, according to the Minister of Foreign Affairs, Yusuf Tuggar. The announcement was made during the 5th Ministerial Press Briefing in Abuja on Thursday. In addition to the Indian investment, the country has secured €250m for local businesses through the Netherlands. Tuggar highlighted that...
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FG Panel reconvenes Monday over naira-for-crude crisis

21.03.2025
The huge allocation of crude oil by the Nigerian National Petroleum Company Limited to its foreign creditors is a big challenge to the supply of the commodity to domestic refiners including the Dangote Petroleum Refinery. Insiders familiar with the development said the national oil firm had allocated large volumes of crude to its foreign creditors...
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LBS empowers family businesses for wealth sustainability

21.03.2025
The Lagos Business School is championing the sustainability of family businesses in Nigeria by equipping business owners with strategic tools to build lasting legacies. The institution is set to host its International Family Business Conference 2025, themed ‘Building a Lasting Legacy for Family Businesses’, on March 27, 2025, in Lagos. Speaking at a pre-event press...
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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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