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Nigeria, World Bank eye capital market for infrastructure funding

10.02.2025
The Federal Government has opened conversations with the International Finance Corporation – a member of the World Bank Group – on policy formation to utilise the capital market and other available funding options within Nigeria to fund infrastructure development through Public Private Partnerships. This was the focus of a meeting between the Infrastructure Concession Regulatory...
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Expert to support Nigeria in assistive tech

10.02.2025
The founder and president of the Sports for Special Needs Club at Kinkaid, Fife Famurewa, looks to connect Nigeria’s medical community with global advancements in assistive technology. Famurewa, who is also a member of the Easter Seals Houston Chapter, a nonprofit organisation that provides comprehensive disability services to military families and individuals in need, said...
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Briclinks posts N22.36m profit

10.02.2025
An Internet Service Provider, Briclinks Africa Plc, recorded a profit after tax of N22.36m for the financial year ended December 31, 2024, representing a 443.1 per cent increase from the N4.12m reported in the previous year. The company’s financial statement showed that turnover surged by 359.7 per cent to N444.92m in 2024, compared to N96.77m...
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Equity market gains N884bn in one week

10.02.2025
The Nigerian equity market closed last week on a bullish note, recording a gain of N884bn as the All-Share Index appreciated by 1.38 per cent to settle at 105,933.03 points. Similarly, the market capitalisation rose by 1.37 per cent to close at N65.592tn. Trading data from the Nigerian Exchange Limited showed that a total turnover...
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10 manufacturers record N666bn cost burden

10.02.2025
The cost of sales for 10 manufacturing and consumer goods companies in Nigeria surged to N665.95bn in 2024, reflecting a 72.47 per cent increase from N386.16bn recorded in 2023, The PUNCH gathered. The company’s statement of profit or loss and other comprehensive income for the months ended December 31, 2024, filed on the Nigeria Exchange,...
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Google, Microsoft, others plan $320bn AI spending

10.02.2025
The world’s biggest technology firms—Google, Amazon, Meta, and Microsoft—are gearing up for an unprecedented investment in Artificial Intelligence, with a combined expenditure expected to reach $320bn in 2025. According to financial and press statements obtained by Saturday PUNCH, Google has earmarked $75bn, Amazon is set to allocate $100bn, Meta has committed $65bn, and Microsoft plans...
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Oyo/Osun Customs declare N82bn revenue for 2024

10.02.2025
The Nigeria Customs Service, Oyo/Osun Area Command, said it collected N82.1bn in revenue in 2024. In a statement on Friday, the Customs Area Controller in charge of the command Dr Ben Oramalaugo, stated this while addressing journalists at the command. He described the revenue collection by the command for 2024 as exceptional and respectable. “In...
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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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