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Alternative Bank, PLASU Partner to Boost Livestock Feed

02.06.2025
The Alternative Bank has partnered with the Plateau State University, Bokkos, to boost livestock feed production in Nigeria following the bank’s transfer of the Alfalfa Cultivation Pilot Project to the university to deepen agricultural research. According to a statement, the bank described the handover as part of its Corporate Social Investment framework to explore the...
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High Vehicle Cost: Auto Policy Key to Growth

02.06.2025
The Managing Director of the Lanre Shittu Motors, Mr Taiwo Shittu, in this interview with OLASUNKANMI AKINLOTAN, speaks on reasons for the high cost of new vehicles, the options, auto policy, and challenges facing automobile assemblers, among other issues What is your assessment of the truck segment of the Nigerian automobile business and why the...
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FG bans multiple board membership in power sector

02.06.2025
Directors sitting on more than two companies’ boards in the Nigerian Electricity Supply Industry may have to resign from one following the latest Code of Corporate Governance released by the Nigerian Electricity Regulatory Commission. The new code published by the commission warned against what it called multiple directorships, stating that no individual should be a...
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Crude oil theft has reduced significantly – Producers

02.06.2025
The Executive Coordinator of the Independent Petroleum Producers Group, Oyeleke Banmeke, has said that crude oil theft in Nigeria has reduced significantly compared to figures recorded about two to three years ago. Banmeke, who stated this in an interview with The PUNCH on Sunday, commended the current administration of President Bola Tinubu for improvements in...
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Market cap sheds N48bn on NGX

02.06.2025
The Nigerian Exchange closed the last trading session of the week on a bearish note, as the equities market capitalisation declined by N48bn, reflecting sustained negative investor sentiment. At the close of trading, the market capitalisation dropped to N70.5tn from the previous day’s N70.548tn, while the All-Share Index depreciated by 76.07 points or 0.07 per...
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Informal sector costs Nigeria $8.8bn in forgone revenue – AfDB

02.06.2025
Nigeria is losing about $8.8bn every year due to its large informal economy, the African Development Bank said in its 2025 African Economic Outlook report. The report noted that while informal businesses contribute significantly to economic activity and employment, much of the wealth they generate remains outside the tax system, resulting in substantial revenue losses...
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Currency Outside Banks Drops Again in April

02.06.2025
Currency held outside Nigeria’s banking system declined for the second time in 2025, falling to N4.57tn in April from N4.60tn in March, according to new data from the Central Bank of Nigeria. This renewed decline comes amid the apex bank’s continued hold on its benchmark Monetary Policy Rate at 27.5 per cent, a decision made...
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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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