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Dangote refinery loses N32bn after petrol price cut

14.03.2025
The Dangote oil refinery will lose up to N32.5bn from 500 million litres stock of premium motor spirit following the recent price cut, The PUNCH reports. A few days before the refinery announced a price slash, the President of the Dangote Group, Alhaji Aliko Dangote, had told newsmen that the refinery had over 500 million...
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CBN uncovers N2.3m in illicit naira transactions

14.03.2025
The Central Bank of Nigeria has raised concerns over the increasing trend of illicit transactions involving banknotes, warning that the practice threatens the stability of the financial system. CBN Governor, Olayemi Cardoso, disclosed this on Thursday at the Bank’s Security Workshop in Abuja, where security and law enforcement agencies gathered to address the issue. He...
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Salaries of public officials will be reviewed – RMAFC

14.03.2025
The Revenue Mobilisation Allocation and Fiscal Commission has reaffirmed its commitment to reviewing and recommending appropriate remuneration for public, political, and judicial office holders in line with its constitutional mandate. The Chairman of RMAFC, Dr Mohammed Shehu, stated this on Thursday while receiving a delegation from the Investment and Securities Tribunal, led by its Chairman,...
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Seplat CEO acquires 50,000 additional shares

14.03.2025
The Chief Executive Officer and Executive Director of Seplat Energy Plc, Roger Brown, has acquired 50,000 additional ordinary shares in the company. This was disclosed in a notice filed on the Nigeria Exchange Limited on Thursday. Following this transaction, Brown now holds 4,203,776 shares, representing 0.7144 per cent of the company’s total issued shares of...
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Wema Bank chair, CEO recommit to women’s empowerment

14.03.2025
The chairman of the board of directors of Wema Bank, Dr. Oluwayemisi Olorunshola, and the managing director/chief executive officer of the outfit, Moruf Oseni, have reiterated the bank’s commitment to accelerating action for women’s empowerment, gender inclusion, and equality. Oseni said this at the bank’s International Women’s Day 2025 event in Lagos under the theme,...
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11Plc sanctions fuel attendants for misconduct

13.03.2025
11Plc says it has taken disciplinary action against some fuel attendants accused of unacceptable conduct. In a statement on Wednesday, the company said it was aware of a viral video on social media accusing its staff of extortion. In the video, a customer at a Mobil filling station in Jakande, Lagos, has raised the alarm...
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Berger leads losers as NGX cap sheds N48bn

13.03.2025
The Nigerian stock market recorded an N48bn decline in market capitalisation at the close of trading on Wednesday, as bearish sentiments pushed the NGX All-Share Index down by 0.07 per cent to 106,090.38 points. This marked a 0.33 per cent loss in one week and a 1.61 per cent decline over four weeks, despite a...
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Kenyon recommits to boosting oil production

13.03.2025
Kenyon International, one of Nigeria’s oil and gas servicing companies, says it is committed to strengthening Nigeria’s oil production output through innovative and well-managed solutions. Kenyon International said it had been at the forefront of tackling oil spills, well fires, production losses, and oil theft, ensuring that Nigeria maintains its position as Africa’s top oil...
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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
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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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