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CIG Group appoints new marketing director

12.03.2025
CIG Group has appointed Adeleye Fabusoro as its new Group Marketing and Corporate Communications Director. According to a statement, in this role, Fabusoro will oversee marketing, public relations, and corporate communication strategies across the company’s diverse portfolio, including GAC Motors, Lagride, Wuling, Lontor, and Gree. Fabusoro brings a wealth of experience, having held key positions...
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Africa a thriving global trade engine – Emirates Cargo VP

12.03.2025
Globally, cargo is growing, with A-class airlines paying rapt attention to the emerging business. Emirates Airlines is also not taking a back seat in investing heavily in that arm of the business. In this interview, Badr Abbas, a senior vice president of the airline in charge of SkyCargo, leads OLASUNKANMI AKINLOTAN through developments achieved through...
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Equity market opens week with N52bn gain

12.03.2025
The Nigerian Exchange commenced the new trading week on a positive note, recording a market capitalisation increase of N52.17bn. At the close of trading on Monday, the All Share Index inched up by 83.31 points to settle at 106,621.91 points, reflecting a year-to-date gain of 3.59 per cent. The overall market capitalisation stood at N66.8tn....
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Routelink unveils advanced cybersecurity solution

12.03.2025
Routelink Group has partnered with Qualys to launch an advanced cybersecurity solution for businesses in Nigeria. It’s also providing free assessments for enterprises to evaluate their risk exposure as part of moves to encourage the de-risking of organisations exposed to cyber threats. The Group Chief Operating Officer of Routelink Group, Stanley Oduah, who announced this...
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Discos threaten to sue military for vandalising IKEDC

12.03.2025
Power distribution companies have decried the persistent non-payment of electricity bills by the military and government ministries, departments, and agencies, stressing that this is also responsible for the challenges facing the country’s power sector. They also threatened to sue the military following the vandalism of the Ikeja Electricity Distribution Company by armed Air Force men....
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Savannah Energy completes acquisition of SIPEC

12.03.2025
Savannah Energy Plc has completed the acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria Limited, strengthening its foothold in Nigeria’s oil and gas sector. According to a statement, the deal grants Savannah a 49 per cent non-operated stake in the Stubb Creek oil and gas field, which is 51 per cent owned and...
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Five firms target N54bn profit in Q2

11.03.2025
Five companies listed on the Nigerian Exchange are projected to rake in a combined profit after tax of N54.77bn for the second quarter ending June 30, 2025, based on their earnings forecasts. An analysis of the financial projections shows that FCMB Group is expected to lead the pack with a profit after tax of N36.64bn,...
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Agents to engage shipping companies over hike in charges

11.03.2025
Licensed customs agents have concluded plans to engage with the management of the CMA CGM Shipping company over the recent hike in charges on Nigeria-bound cargoes. The shipping company in a notice sighted by The PUNCH on Monday, March 6th, states that effective from Monday, March 10th, the company will be reviewing their charges upwards....
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Dun & Bradstreet gets global recognition

11.03.2025
Dun & Bradstreet, a global provider of business information and research, has been recognised as a category leader for Know Your Customer Data Solutions by Chartis Research for the third consecutive year. According to a statement made available to our correspondent on Monday, the recognition highlights the company’s impact on the global compliance ecosystem. “In...
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NCDMB acquires 20% equity in P’Harcourt refinery

11.03.2025
The Nigerian Content Development and Monitoring Board says it has sealed a deal to acquire 20 per cent equity in the new 100,000 barrels per day refinery project being established by the African Refinery Group Limited in Port Harcourt, Rivers State. The refinery is being established in partnership with the Nigerian National Petroleum Company Limited....
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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

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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