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Nigeria’s Development: Governance Failures Threaten Finance

27.06.2025
Persistent governance failures are frustrating Nigeria’s efforts to mobilise development finance despite recent economic reforms, according to the 2025 Nigeria Country Focus Report, newly released by the African Development Bank. The report, launched in Abuja on Thursday and titled “Making Nigeria’s Capital Work Better for Its Development”, paints a bleak picture of Nigeria’s ability to...
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Dangote Refinery Listing on NGX? Chairman’s Request

27.06.2025
The Group Chairman of Nigerian Exchange Group, Umaru Kwairanga, has asked the President of the Dangote Group, Aliko Dangote, to list the Dangote Petroleum Refinery on the stock market. He made this request during a courtesy visit to the Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited by capital market stakeholders. According to a...
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UN, Sterling One Tackle Climate Crisis in Africa

27.06.2025
The United Nations in Nigeria and the Sterling One Foundation have expressed strong support for local solutions to climate change. In a statement on Wednesday, the co-conveners of the annual Africa Social Impact Summit outlined their expectations for the upcoming summit. They reflected on Africa’s role in defining local responses to global challenges. Since its...
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Nigeria Calls for Stronger Policies

27.06.2025
The Nigerian Ports Authority and other stakeholders in the maritime sector have called for a strengthened national policy framework to tackle marine debris and safeguard the future of Nigerian oceans. They made this call on Thursday in Lagos during the 2025 summit of the Shipping Correspondents Association of Nigeria. They lamented that the marine debris...
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Shettima Pushes Private Sector for Economic Growth

27.06.2025
Vice President Kashim Shettima has called on the organised private sector to support the Federal Government’s policy reforms aimed at building a resilient and inclusive economy. Speaking at the 4th edition of the Nigeria Employers’ Summit in Abuja, Shettima, who was represented by the Special Adviser to the President on Job Creation and MSME, Temitola...
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Africa Remittances Hit $95B: Nigeria, Egypt Lead

27.06.2025
Nigeria, Egypt, and Morocco have been listed as the highest recipients of the $95 bn remittance into the African continent in 2024. This was revealed in the State of Africa’s Infrastructure Report 2025 published by the Africa Finance Corporation. The report indicated that diaspora remittances have proved to be more stable than Foreign Direct Investment...
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Stanbic IBTC Expands Equity Base: 2.94bn Shares Listed

27.06.2025
Stanbic IBTC Holdings Plc has listed 2,944,772,083 additional ordinary shares of 50 Kobo each on the Nigerian Exchange Limited, following the successful completion of its rights issue. According to a market bulletin published by NGX Regulation recently, the new shares were listed on the Daily Official List of the exchange. The rights issue was executed...
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PenCom Urges PFAs to Diversify

27.06.2025
The National Pension Commission has urged pension fund administrators to diversify their investment portfolios by increasing allocations to alternative assets in a bid to enhance returns and ensure long-term sustainability. The Director-General of the Commission, Omolola Oloworaran, made this call during a sensitisation workshop on investment in alternative assets held in Lagos for Chairpersons of...
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FirstBank Academy Wins Global Award

27.06.2025
FirstAcademy, the training school of FirstBank, has been awarded the Gold Award for Best Corporate University in Social & Climate Change at the Global Council of Corporate Universities Awards 2025. According to the bank, the award, which was received by the bank in Paris, France, recognises FirstAcademy’s outstanding commitment to driving social and climate change...
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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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