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VFD Group Proposes N0.25 Dividend for Shareholders

The Board of Directors of VFD Group Plc has proposed a final dividend of N0.25 per share for the financial year ending 31 December 2025, marking a significant milestone for shareholders who backed the Group’s recent capital-raising efforts. The announcement, made during a regulated information briefing on Tuesday, highlights a 10 per cent annualised return...
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Port Upgrades in Nigeria Extend Beyond Lagos, FG Confirms

The Federal Government has reaffirmed its commitment to upgrading and modernising ports in the eastern part of the country as part of efforts to strengthen maritime infrastructure nationwide. The Minister of Marine and Blue Economy, Adegboyega Oyetola, said this in a statement issued by the ministry on Thursday. He explained that the initiative is designed...
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World Bank injects $500m into Nigeria farms for growth

The World Bank has approved a $500m International Development Association credit to boost Nigeria’s agricultural sector under a new programme targeting smallholder farmers, value chains, and food security. The funding will support the Nigeria Sustainable Agricultural Value-Chains for Growth project, also known as AGROW, which aims to improve productivity, strengthen market linkages, and create jobs...
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Oyo targets sustainable energy for economic growth

The Oyo State Government, on Thursday, reiterated its commitment to building a sustainable energy future that would transform the people from poverty to prosperity through reliable and sustainable power infrastructure. The state Commissioner for Energy and Mineral Resources, who also doubles as the Acting Chairman of the state Electricity Regulatory Commission, Dahud Shangodoyin, stated this...
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Amstel Malta launches Easter Village tour in Eastern Nigeria

Amstel Malta has unveiled plans to host a multi-city Easter activation across Eastern Nigeria, as brands increasingly leverage festive periods to deepen consumer engagement and drive market visibility. The initiative, tagged the Amstel Malta Easter Village, is scheduled to hold in Aba, Awka, and Enugu from April 4 to 6, 2026, targeting families during one...
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NSIA Assets Rise to N4.88tn on Strong Performance

The Nigeria Sovereign Investment Authority has reported a rise in its net asset value to N4.88tn for the 2025 financial year, driven by improved earnings, disciplined investment strategy, and sustained growth across its portfolio. The Managing Director of the authority, Aminu Umar-Sadiq, disclosed this on Thursday in Abuja during the presentation of the institution’s financial...
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Oil royalties surge 88% after new executive order

Oil and gas royalty collections by the Nigeria Revenue Service surged by N220.09bn in February 2026, a sharp increase of 87.6 per cent compared to January, following the implementation of Executive Order 9 mandating the centralisation of revenue collection in the sector. Latest Federation Account Allocation Committee data obtained by The PUNCH on Thursday revealed...
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Marine Ministry Revenue Hits N1.83tn in 2025, Says Oyetola

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has disclosed that the agencies under the ministry generated a total of N1.83tn in revenue in 2025. Adegboyega disclosed this on Thursday in Lagos while speaking during the 2026 1st Quarter Citizens/Stakeholders Engagement organised by the ministry. The event was themed, “Enhancing multi-stakeholder collaboration for sustainable...
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BUA MD to Promote Real Sector Growth at Industry Summit

BUA Foods Plc has reinforced its push for real sector growth as its Managing Director, Dr Ayodele Musibau Abioye, is set to deliver a keynote address at the 2026 Industry Summit. The organisers of the event disclosed that Abioye will speak on “Unlocking Value: BUA Foods’ Role in Transforming Nigeria’s Real Sector Through Innovation and...
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Seaman’s Schnapps reaffirms commitment to culture

Seaman’s Schnapps has reaffirmed its commitment to culture following its feature as the official prayer drink of the 39th Lisabi Festival held in Abeokuta, Ogun State, in honour of Lisabi Agbongbo Akala. The festival drew Egba indigenes from across Nigeria and the diaspora to celebrate heritage, unity and identity, while also promoting youth empowerment through...
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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...