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Sahara Group to deliver 180MW plant in Rivers

06.02.2025
Sahara Group says plans are underway to deliver a 180-megawatt power plant in Rivers State this year in addition to its current 2,000 MW capacity. The Executive Director of Sahara Group, Kola Adesina, disclosed this while addressing newsmen at the recent energy summit held in Dar es Salaam, Tanzania. The power plant, he disclosed, will...
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Firm seeks NCDMB support for oil projects

06.02.2025
The Managing Director of Samsung Heavy Industries Nigeria, Mr. Jin Lee, has sought the support of the Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, for more projects in the oil and gas industry. Lee made the plea during a meeting held at the board’s Lagos liaison office recently, where the...
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Equity market booms as NGX gains N332bn

06.02.2025
The Nigerian Stock Exchange witnessed a rally on Wednesday as the equity market recorded an overall gain of NGN 332 bn, bolstered by surging trading volumes and investor activity. At the close of the session, 1,057,239,989 shares were exchanged across 15,080 deals, amounting to a market turnover of NGN 28.81 bn. This performance marked a...
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Six companies record N255bn FX loss

06.02.2025
Six companies listed on the Nigerian Exchange Limited recorded a combined foreign exchange loss of N255.72bn in their financial results for the year ended December 31, 2024, according to findings by The PUNCH. The losses were attributed to the persistent depreciation of the naira and volatility in the foreign exchange market. The companies affected include...
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CAP posts N36bn in revenue – Punch Newspapers

06.02.2025
Chemical and Allied Products Plc has reported a 52 per cent revenue growth in its unaudited financial results for the fiscal year ending December 31, 2024. The company’s revenue rose to N36.36bn from N23.89bn in 2023, driven by increased demand for its products and higher sales volumes, which accounted for 99.8 per cent of total...
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ADVAN to unveil awards for marketing excellence

06.02.2025
The Advertisers Association of Nigeria has unveiled plans to host its annual African Awards for Marketing Excellence, spotlighting innovation and impact in the marketing industry. The event, slated for February 22, 2025, in Lagos State, will bring together top marketing professionals, government officials, and Chief Executive Officers of multinational corporations. ADVAN, in a statement, hailed...
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Heirs Holdings appoints new executive director

06.02.2025
Heirs Holdings, an African investment company, has announced the appointment of Chidi Okpala as its new Executive Director for Payments, Group Integration, and Strategy. In a statement made available to our correspondent by the company on Wednesday, it said Chidi will oversee the Group’s technology and healthcare business sectors while driving synergies across its diverse...
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UACN makes N16.9bn profit

06.02.2025
UAC of Nigeria Plc has reported a rise in its profit for the 12 months ended 31 December 2024, posting a profit after tax of N16.9bn, representing a 90 per cent increase from N8.9bn recorded in the previous year. According to the company’s financial statement filed on the Nigeria Exchange recently, the performance was driven...
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Single-window for trade will boost ports revenue – FIRS

06.02.2025
The Executive Chairman and Chief Executive Officer of the Federal Inland Revenue Service, Zacch Adedeji, has stated that the deployment of the National Single Window will streamline the process, reduce leakages, and maximise revenue generation from import and export activities. Adedeji, who made this disclosure in Lagos recently during a stakeholders forum on the NSW,...
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NDDC trains 364 young farmers in agribusiness

06.02.2025
The Niger Delta Development Commission has commenced the training of 364 young farmers for the Livelihood Improvement Family Enterprise Niger Delta project in Rivers State. Speaking during the orientation training for 350 trainees and 14 incubators in Port Harcourt, the NDDC Director of Agriculture and Fisheries, Dr Winifred Madume, charged the beneficiaries to take up...
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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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