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Manufacturers demand DisCos review as FG mulls tariff hike

07.02.2025
The Manufacturers Association of Nigeria has called on the Federal Government to review the performance of electricity distribution companies in light of their investment in distribution infrastructure, following reports of a planned increase in electricity tariffs. In a statement, the Director-General of MAN, Segun Ajayi-Kadir, called for a review of DisCos as he decried the...
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Enoh lauds Coca-Cola packaging collection hub

07.02.2025
The Minister of State for Industry, Sen. John Enoh, has hailed Coca-Cola Nigeria for its investment in a Packaging Collection Hub in Apapa, Lagos, describing it as a game-changer for the country’s industrial landscape. Enoh poured encomiums on Coca-Cola and the Nigerian Bottling Company Limited at the recent commissioning of the facility on Friday, stating...
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New FOB charge will worsen production costs – OPS

07.02.2025
The Chairman of the Organised Private Sector of Nigeria, Dele Oye, has called on the federal government to either suspend the implementation of the Free On-Board valuation on imports by the Nigeria Customs Service or exempt businesses involved in production and manufacturing from the policy. On Wednesday, NCS Spokesperson Abdullahi Maiwada announced in a statement...
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Firm converts N150m private jet to event space

07.02.2025
A Lagos-based company, Upfront and Statistics, has transformed a private jet worth N150m into a luxury event space, offering a premium setting for various social and corporate gatherings. At the unveiling of the facility in Lagos, the firm’s Chief Executive Officer, Tony Eboh, said the repurposed aircraft would serve multiple functions, including wedding photoshoots, music...
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Neimeth records 102% revenue growth

07.02.2025
Neimeth International Pharmaceuticals Plc has reported a 102 per cent surge in revenue, rising from N2.2bn in 2023 to N4.5bn in 2024. The Managing Director and Chief Executive Officer of Neimeth, Valentine Okelu, disclosed this at a media parley on Thursday, where he provided insights into the company’s financial performance and strategic direction. According to...
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Fidelity Bank increases share capital to N36.7bn

07.02.2025
Fidelity Bank Plc has increased its issued share capital from N26.7bn to N36.7bn following shareholders’ approval at its Extraordinary General Meeting held virtually on Thursday. The decision, detailed in a corporate notice filed with the Nigerian Exchange Limited, involved the creation of 20bn additional ordinary shares of N0.50 kobo each, bringing the total issued share...
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Consumer goods market cap hits N11.1bn

07.02.2025
The consumer goods sector on the Nigerian Exchange has reached a total market capitalisation of N11.1bn. As of the latest trading data, the sector is experiencing increased performances across several of its companies, with beverages and food products at the forefront of this rise. Among the standout stocks, Golden Guinea Breweries PLC, despite a price...
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Eterna, Cadbury lead as investors gain N66bn

07.02.2025
Eterna Plc and Cadbury Nigeria Plc led the gainers’ chart as the Nigerian Exchange closed positive on Thursday, adding N66bn to its market capitalisation. At the end of trading, the All-Share Index increased by 105.26 points, or 0.1 per cent to close at 105,430.15 points. This represents a one-week gain of 0.65 per cent, a...
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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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