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Capital Gains Tax Backed for Nigerian Market Stability

02.02.2026
The Managing Director/Chief Executive Officer of Arthur Stevens Asset Management Limited, Mr Tunde Amolegbe, has stated that Nigeria’s proposed 25 per cent capital gains tax on investment profits could play a crucial role in reducing market volatility and discouraging speculative “hot money” flows, particularly from foreign investors. Amolegbe said this on Friday at the 2026...
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Kuda targets hybrid banking with new national licence

02.02.2026
Kuda Microfinance Bank has said that it would blend its digital-first operations with physical touchpoints across the country under its newly issued national licence. This was disclosed in a statement issued by the company on Friday. The Central Bank of Nigeria recently upgraded Kuda Microfinance Bank’s licence to a national one, which means that it...
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Transcorp Hotels Revenue Hits N97bn, Profit Surges in 2025

02.02.2026
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reported a historic revenue of N97.04bn in 2025, which is 38 per cent higher than N70.13bn in the previous year. This was indicated in the audited financial reports of the company filed with the Nigerian Exchange Limited on Friday. Sunday PUNCH reports that the...
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SERAP sues NNPCL over missing oil revenue funds

02.02.2026
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over its alleged failure to account for N22.3bn, $49.7m, £14.3m and €5.2m in oil revenue. This was disclosed in a statement issued by SERAP Deputy Director, Kolawole Oluwadare, on Sunday The action follows allegations contained in the 2022...
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Polaris Bank Boosts Non-Oil Exports in Nigeria for SMEs

02.02.2026
Polaris Bank has reaffirmed its commitment to strengthening Nigeria’s non-oil export ecosystem and empowering micro, small and medium-sized enterprises as it unveiled a dedicated help desk as part of its partnership with the business and trade community. It expressed that commitment at the NAHCO and NACCIMA Export Group Programme themed ‘Breaking Barriers: Helping SMEs Navigate...
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Channels TV’s John Momoh to Headline Rotary Leadership Forum

02.02.2026
Veteran broadcaster and Chairman/Chief Executive Officer of Channels Media Group, Dr John Momoh, has been named the lead speaker at the 2026 Rotary International District 9112 Team Learning Seminar, a high-level leadership forum scheduled for February 20–21, 2026, at the Orchid Hotel, Lekki, Lagos. The announcement was made by the District Governor-elect of Rotary International...
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Oando reports N3.2tn revenue amid oil production surge

02.02.2026
Indigenous energy company Oando Plc has reported revenue of N3.21tn for the 2025 financial year, supported by higher upstream production, which grew 32 per cent. This was indicated in a statement accompanying the release of its unaudited results for the full year ended 31 December 2025. Oando Plc achieved a 32 per cent year-on-year increase...
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Nigerian Manufacturers’ Costs Surge 21% to N1.01tn

02.02.2026
Eight Nigerian manufacturing firms spent a combined N1.01tn on energy and raw materials in the nine months ended September 30, 2025, up 21.1 per cent from N828.6bn in the corresponding period of 2024, according to an analysis by The PUNCH of their unaudited financial statements. The figures were calculated from the cost of sales disclosures...
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Nigeria’s $5bn Annual Revenue Potential from Carbon Credits

02.02.2026
The Federal Government is projected to earn up to $5bn annually from carbon credit revenues generated by the 80 Million Clean Cookstoves Project, a flagship climate and energy initiative being implemented by Greenplinth Africa Limited. This was disclosed by the Group Chief Financial Officer of Greenplinth Africa Limited, Babatunde Aina, during a Media Chat and...
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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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