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Johnvents, UK agency invest $40.5m to expand Nigeria’s cocoa industry – Punch Newspapers

19.02.2025
Johnvents Group, an agribusiness and manufacturing conglomerate, has partnered with British International Investment, the UK’s development finance institution and impact investor, in a $40.5m investment aimed at boosting Nigeria’s cocoa industry. The funding will support Johnvents’ subsidiary, Premium Cocoa Products Ile-Oluji, in expanding its production capacity from 13,000 to 30,000 metric tonnes per year, enhancing...
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EDC, Mastercard Foundation support female-led agro firms – Punch Newspapers

19.02.2025
To foster innovation within the agricultural value chain and create new opportunities for young female entrepreneurs, the Enterprise Development Centre of Pan-Atlantic University, Lagos, in collaboration with Mastercard Foundation and GEN Nigeria, has strengthened the Agro-Hack Challenge initiative by rewarding twelve female-led agro firms in Nigeria. At the recently concluded 5th edition of the Agro-Hack...
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Plateau govt pledges support for Hill Station Resort – Punch Newspapers

19.02.2025
Plateau State Governor, Caleb Mutfwang, has pledged the government’s support for the revamp of the N8.5bn Hill Station Resort project. The project was embarked upon by Hillside Hospitality Limited, an investee company of Strom Infrastructure Investments and Management Ltd, according to a statement. It stated, “The renewed commitment came during a high-level stakeholder engagement meeting...
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CBN orders bank directors with bad loans to resign – Punch Newspapers

19.02.2025
The Central Bank of Nigeria has ordered bank directors with non-performing insider-related loans to immediately resign from their positions as part of efforts to strengthen corporate governance and reduce credit risk exposure in the banking sector. The directive was issued in a circular signed by the acting Director of Banking Supervision, Dr Adetona Adedeji, on...
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FG lists N368.3bn bond on NGX – Punch Newspapers

19.02.2025
The Federal Government of Nigeria has listed a N368.3bn bond along with N234bn in supplementary bond issues on the Nigerian Exchange Limited. This was disclosed in a notice filed on the Exchange by the Head of the Issuer Regulation Department, Obioma Oge, on Tuesday. The newly listed bond, named 22.60 per cent FGN JAN 2035,...
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Equity market opens week with N72bn loss – Punch Newspapers

19.02.2025
The Nigerian equity market kicked off the week on a negative note, shedding N72bn in market capitalisation at the close of trading on Monday. The market ended the day with a total value of N67.4tn, a slight dip from the previous trading day. A total of 511,100,383 shares were exchanged across 17,095 deals, representing a...
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Manufacturing costs soared by 18.2% in Q4 – MAN – Punch Newspapers

19.02.2025
Production and distribution costs in the manufacturing sector surged by 18.2 per cent in the fourth quarter of last year, highlighting the macroeconomic environment’s worsening impact on manufacturers. Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, disclosed this on Monday in the Q4 2024 Manufacturers CEO Confidence Index report, which painted a grim picture...
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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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