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TotalEnergies projects N192bn revenue for Q2

10.03.2025
TotalEnergies Marketing Nigeria Plc has projected a revenue of N191.61bn for the second quarter of 2025, according to its forecast of the statement of profit or loss and other comprehensive income recently filed with the Nigerian Exchange Limited. The company anticipates a gross profit of N25.7bn for the period spanning April to June 2025, after...
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Equity market sheds N476bn in one week

10.03.2025
The Nigerian stock market recorded a decline, shedding N476.0bn in one week as investors traded a total of 1.818bn shares worth N47.226bn in 64,222 deals. This represents a slight drop compared to the 1.848bn shares valued at N51.387bn exchanged in 63,090 deals the previous week. Market capitalisation fell by 0.71 per cent to N66.717tn from...
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Transcorp’s profit soars to N94bn

10.03.2025
Transnational Corporation Plc has reported a surge in profitability, posting a profit after tax of N94.08bn for the year ended December 31, 2024, marking a 189 per cent increase from N32.48bn recorded in 2023. The conglomerate’s audited financial statements show that revenue more than doubled, rising by 107 per cent to N407.91bn in 2024 from...
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MTN partners automobile firms to promote local content

10.03.2025
MTN Nigeria is partnering with automobile manufacturers Nord and GAC Motors to bolster its commitment to local content policy and support for made-in-Nigeria products, the operator said in a statement on Friday. The partnership involved the procurement of 33 vehicles for MTN’s customer-facing teams in Lagos and the North, including 22 locally assembled cars from...
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Settle high electricity debts by military, NECA urges govt

10.03.2025
The Nigeria Employers’ Consultative Association has urged the Federal Government to swiftly address the mounting electricity debt owed by military bases across the country. According to a statement issued on Friday, this call comes in the wake of a violent attack by Airforce personnel from the Sam Ethan Airforce Base, Ikeja, on Ikeja Electric offices...
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Fintech firm unveils N25m contest for entrepreneurs

10.03.2025
A Technological Company, FunZ, has unveiled an N25m entrepreneurship contest for young Nigerians to put their thinking ability to a test with the ultimate target of solving problems to earn money through innovative means. The contest was also launched alongside an app specifically built for event ticketing. The ticketing platform creates a meeting platform for...
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JMG advocates renewable energy adoption

10.03.2025
JMG Limited, a leading provider of electromechanical solutions in Nigeria, has advised Nigerians to adopt renewables for their energy solutions. In a statement, the Group General Manager of JMG Limited, Rabi Jammal, disclosed that the company has consistently championed clean energy initiatives, offering sustainable power solutions to businesses and individuals. According to him, since 2018,...
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MDAs, Presidency spend N1.9bn on trips, training in France

10.03.2025
Ministries, departments and agencies of the Federal Government, alongside the Presidency, spent at least N1.99bn on foreign trips, training and estacodes in France between May 2023 and September 2024, Sunday PUNCH reports. The findings are based on an analysis of data from GovSpend, a transparency platform by BudgIT that tracks public expenditure. The funds covered...
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J’Berger reinforces West African expansion strategy

10.03.2025
Julius Berger Nigeria Plc has said it is reinforcing its regional expansion strategy, aiming to solidify its presence across West Africa’s construction sector. Speaking at the Choiseul Africa Summit in Cotonou, Benin Republic, Julius Berger’s Director of Corporate Development, Jochen Stolle, expressed confidence in the company’s growing footprint in the region. He said, “I see...
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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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