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SEC Bans CEOs From Chairing Boards

The Securities and Exchange Commission has issued a new directive prohibiting Chief Executive Officers and Executive Directors from immediately assuming the position of Board Chairman within the same company or group after leaving office. A mandatory three-year “cool off period” has been introduced before such transitions can take place. The directive is part of a...
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Retail Platform for Business Growth

Paga Group, one of Africa’s payments and financial services companies, has launched Doroki, a new retail business management platform aimed at helping large-scale, small, and medium-sized enterprises streamline operations, reduce inefficiencies, and accelerate growth. The launch event in Lagos on Thursday brought together Doroki’s merchant clients and industry leaders to witness the unveiling of what...
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Telecom Sector Rebounds, Boosting Nigeria’s GDP

The Nigerian telecom industry is making a strong recovery, contributing significantly to the country’s Gross Domestic Product, following a foreign exchange crisis that impacted the sector about two years ago. The Executive Vice Chairman of the Nigerian Communications Commission, Dr Aminu Maida, highlighted the industry’s resilience during an interactive session with newsmen in Abuja on...
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Growth Advice for Nigerian Manufacturers

The External Affairs Director of British American Tobacco West and Central Africa, Odiri Erewa-Meggison, has called on Nigerian manufacturers to seize the vast opportunities offered by the African Continental Free Trade Area for long-term growth and competitiveness. According to a statement, Erewa-Meggison urged companies to break free from the limitations of Nigeria’s domestic market and...
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AI Research Boosts Productivity: Nigeria Market Research Con

Stakeholders at the Nigeria Market Research Association International Conference 2025 have called for a shift from traditional research methods to artificial intelligence-powered market research to improve productivity across sectors. This was disclosed in a statement issued on Thursday during the ongoing four-day hybrid conference held in Lagos. Themed “Beyond the Horizons: AI and the New...
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N100bn Renewable Energy Deal: REA & FCMB Partner

The Rural Electrification Agency and First City Monument Bank have signed a landmark agreement to launch a N100bn renewable energy financing facility. The agreement supports the implementation of distributed access through the Renewable Energy Scale-Up initiative. It will enable the deployment of decentralised renewable energy projects aimed at delivering reliable power to approximately two million...
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Telcos Recover N170bn From Banks

The long-term dispute between telecommunications operators and commercial banks over unpaid Unstructured Supplementary Service Data fees appears to be drawing to a close, as telecom companies confirm the recovery of 95 per cent of the N180 billion owed. Chairman of the Association of Licensed Telecommunications Operators of Nigeria, Gbenga Adebayo, announced the progress on Thursday,...
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Dangote Fuel Distribution Plan: Marketers to Engage

Members of the Major Energies Marketers Association of Nigeria say they will discuss with the Dangote Petroleum Refinery to fully understand the implementation of its plan to supply directly to filling stations nationwide. The Executive Secretary of MEMAN, Clement Isong, stated this during a webinar organised by the association on Thursday. Isong noted that the...
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Dangote Refinery Imports US Crude Oil Amid Shortage

The President of the Dangote Group, Aliko Dangote, says his 650,000-barrel capacity refinery is “increasingly” relying on the United States for crude oil. This came as findings showed that the Dangote Petroleum Refinery is projected to import a total of 17.65 million barrels of crude oil between April and July 2025, beginning with about 3.65...
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Summit to Halt Investment Flight

The Cocoa Farmers Alliance Association of Africa is set to boost regional cooperation and address what it described as growing risks of global investments shifting away from the continent’s cocoa sector efforts at an upcoming summit. The President of COFAAA, Adeola Adegoke, said in a statement that the Africa Cocoa Summit and Awards 2025, which...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...