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Royal Exchange Profit Dips 13% to N496.8m

04.07.2025
Royal Exchange Plc has reported a profit after tax of N496.8m for the financial year ended March 31, 2025, representing a 13 per cent decline from the N571.3m recorded in the same period in 2024. The group’s earned income also dipped by 16 per cent to N594m in 2025, compared to N706m posted in the...
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Jaiz Bank Profit Jumps 109% in 2024

04.07.2025
Jaiz Bank Plc has posted a 109 per cent increase in profit after tax for the year ended 31 December 2024, rising from N11.24bn in 2023 to N23.48bn. The bank’s profit before taxation more than doubled, reaching N24.44bn in 2024 compared with N11.05bn recorded the previous year. Total assets of the bank surged by 86...
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Union Bank leads drive to end plastic waste

04.07.2025
Union Bank of Nigeria Plc has marked World Environment Day 2025 by partnering with the Nigerian Conservation Foundation to host a high-impact symposium themed “Ending Plastic Pollution” at the Lekki Conservation Centre, Lagos. The event brought together corporate leaders, environmental experts, and stakeholders to address the urgent challenge of plastic pollution and champion innovative solutions...
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Polo Luxury Showcases New Luxury Watches at Watches and Wond

04.07.2025
Polo Luxury, Nigeria’s premier luxury goods company, has made a significant mark at the 2025 edition of Watches and Wonders in Geneva, Switzerland. The event, considered the world’s most prestigious fine watchmaking exhibition, brought together key industry stakeholders and leaders. The firm said in a statement on Thursday that Polo Luxury’s Executive Director, Jennifer Obayuwana,...
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MTN, 9mobile Share Network: Nationwide Rollout Planned

04.07.2025
Telecom operators MTN Nigeria and 9mobile have commenced testing of a landmark radio access network-sharing agreement, with a full nationwide rollout expected before the end of July, pending validation of system stability. The deal, endorsed by the Nigerian Communications Commission, allows the operator with three million subscribers to leverage MTN’s expansive radio access infrastructure while...
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Petrol Pricing Summit: FG Sets July Date

04.07.2025
The Federal Government has fixed July 23 and 24, 2025, for a national stakeholder forum to address mounting concerns over petrol pricing and supply dynamics in the downstream sector, amid growing agitation by independent marketers for price regulation. The planned summit, organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, is expected to bring...
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Wema Bank disburses N3m grant to Lagos MSMEs

04.07.2025
Wema Bank, in its commitment to empowering Micro, Small and Medium Enterprises has disbursed business grants totalling N3m to three MSMEs at the Lagos Leather Fair. According to a statement made available to The PUNCH, the MSMEs had emerged as winners in a business pitch competition at the fair sponsored by Wema Bank in Lagos....
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Afreximbank Downgraded: Oramah Exits After Decade

04.07.2025
The President/Chairman of the Board of Directors of the Africa Export and Import Bank, Professor Benedict Oramah, is exiting the bank at a time when international rating agencies are downgrading the bank. The latest downgrade came from Moody’s, which slashed Afreximbank’s rating from Baa1 to Baa2, two notches above a sub-investment grade or “junk” rating,...
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Nigeria Investment: CBN Reforms Boost Profile

04.07.2025
The founder of the Research Alpha fund and a veteran Asia-Pacific investor, Michael McGaughy, has said that the reforms put in place by the Central Bank of Nigeria and others, such as the harmonisation of the foreign exchange market and the subsidy removal, boost Nigeria’s profile as a global investment hotspot. McGaughy said this just...
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AI Solves Supply Chain Challenges

04.07.2025
Supply chain technology firm Excite Panacea has unveiled an AI-powered supply chain analytics dashboard to address fragmented data and disruptions to route-to-market efficiency. According to a statement, Excite Panacea unveiled the product at the Route to Market West Africa Summit 2025, held recently in Lagos. The firm served as the title sponsor and official technology...
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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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