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Stop military attacks on Discos, Adelabu tells NSA

20.03.2025
The Minister of Power, Adebayo Adelabu, has condemned the attacks on power distribution companies by military men, telling the National Security Adviser to call the soldiers to order. Adelabu kicked against the forceful abduction, intimidation, assault, brutalisation of the staff, and destruction of the facilities at the substation of the Eko Electricity Distribution Company in...
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Oyetola urges Africa to spearhead green shipping decarbonisation

20.03.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has called on African nations to take a leading role in the decarbonisation of the global shipping industry. Speaking at the African Strategic Summit on Shipping Decarbonisation held in Abuja, Oyetola urged stakeholders to move beyond discussions and implement concrete solutions that will ensure Africa’s maritime...
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Aviation professionals clamour for national carrier

20.03.2025
Aviation professionals have appealed to the  Federal Government to establish a new national carrier despite a recent failed attempt following the liquidation of Nigeria Airways about 18 years ago. The General Secretary of the Nigerian Aviation Professionals, Abdulrazak Saidu, made the appeal in Lagos recently during the fourth Air Transport Quarterly Magazine annual award. Saidu...
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Transcorp hits N2.97tn market cap, plans hotel expansion

20.03.2025
Transnational Corporation Plc has recorded a market capitalisation of N2.97tn and announced plans to expand its hospitality business with a new Hilton hotel in Ikoyi, Lagos. The President and Group Chief Executive Officer of Transcorp, Owen Omogiafo, disclosed this during an interview on Arise News on Tuesday, stating that the company’s success is driven by...
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NGX downturn deepens with N265bn loss

20.03.2025
The Nigerian Exchange continued its losing streak on Tuesday, shedding N265bn as weak investor sentiment persisted. This marks the second consecutive loss of the week, dragging market capitalisation down to N66.1tn from the previous day’s N66.3tn. At the close of trading, the All-Share Index declined by 423.48 points, representing a 0.4 per cent drop to...
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Banking stocks drive financial sector to N9.49tn market value

20.03.2025
The financial services sector on the Nigerian Exchange closed with a total market capitalisation of N9.49tn, driven by performances from banking stocks, particularly Guaranty Trust Holding Company Plc, Zenith Bank Plc, and Access Holdings Plc. Guaranty Trust Holding Company Plc emerged as the most valuable financial institution, with a market capitalisation of N2.07tn, trading at...
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Cedrus partners RusselSmith on N3bn commercial paper issuance

20.03.2025
Cedrus Capital Limited, a financial advisory firm under Cedrus Group Africa, has successfully arranged the oversubscribed N3bn series one commercial paper issuance for RusselSmith Nigeria Limited, the company said in a statement on Tuesday, a financial advisory firm under Cedrus Group Africa, has successfully arranged the oversubscribed N3bn series one commercial paper issuance for RusselSmith...
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Aero Contractors expands facility, targets one-stop MRO

20.03.2025
Aero Contractors Airline has commenced the expansion of its maintenance, repair and overhaul facility with the dream of transforming it into a one-stop maintenance hub for Western and Central Africa while also enhancing its heavy maintenance visits capability. The managing director of the airline, Capt Ado Sanusi, made this known shortly after signing a pact...
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Global trade will be steady in early 2025 – WTO

20.03.2025
The World Trade Organisation has revealed that global goods trade remained stable in the final quarter of 2024 and showed signs of continued growth in early 2025. According to the latest World Trade Organisation Goods Trade Barometer, the indicator, which provides real-time insights into merchandise trade trends, edged up slightly to 102.8 from 102.7 in...
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12 listed firms lose N1.4tn to naira depreciation – Report

20.03.2025
Twelve businesses suffered a cumulative foreign exchange loss of N1.40tn in 2024, as revealed in their unaudited financial statements, The PUNCH reports. The losses, driven by the naira’s depreciation, highlight the deepening impact of forex volatility on corporate earnings across multiple sectors, including telecommunications, manufacturing, and food production. Foreign exchange loss refers to the financial...
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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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