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War risk premium drives rise in shipping costs

01.06.2025
Nigerian ports are some of the most expensive in the West African region, no thanks to the numerous fees paid on Nigerian-bound cargoes, including the WRI premium, ANOZIE EGOLE writes The maritime industry has experienced a significant increase in war risk insurance premiums in recent years, particularly for Nigerian-bound shipments. This trend is driven by...
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Marketers must embrace data for growth – Experts

01.06.2025
Stakeholders in the digital and integrated marketing industry have called on marketing professionals to prioritise data-driven strategies to enhance customer experience and drive sales. According to a statement, the experts made this call at the 2025 Africa Marketing Technology & E-commerce Conference. The conference was recently held in Lagos, themed ‘Marketing in the New Economy...
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Seplat to invest in power sector

01.06.2025
The Chief Executive Officer of Seplat Energy, Roger Brown, has disclosed that the company will venture into the power sector later. Brown disclosed this in a statement made available to our correspondent on Thursday. According to him, the energy firm has a long-term roadmap to expand power to off-grid communities. “At some point, when the...
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Foreign investors embracing Nigeria – Coleman MD

31.05.2025
The Managing Director of Coleman Wires and Cables Industries Limited, George Onafowokan, has said that foreign investors are taking bold steps to invest in Nigeria despite the tough economic conditions local players often complain about. According to a statement, Onafowokan stated this on Thursday at the 2025 BusinessDay Manufacturing Conference held in Lagos, themed ‘Unlocking...
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Importers eye three-hour port clearance – IMAN

31.05.2025
The Importers Association of Nigeria has said they can clear their shipment of goods at ports in as little as three hours and increase turnover as members adopt the National Single Window. In a phone interview with The PUNCH, President of IMAN, Kingsley Chikezie, said that importers anticipate improved turnover as the project promises to...
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A leading foundation pledges support to enhance food security and improve nutrition for vulnerable households nationwide.

31.05.2025
The Managing Director of Noble Merry Empowerment Foundation, Mrs Ogechi Iwunze-Anthony, has reiterated the foundation’s commitment to ensuring food security for families in Lagos and other states. Iwunze-Anthony, who runs an NGO focused on fighting hunger and malnutrition in society, disclosed this while speaking in the light of the present economic realities nationwide, as the...
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Asian markets react to Trump tariffs court reprieve

31.05.2025
Asian shares fell Friday after a US appeal court gave Donald Trump’s sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional. The losses reversed a rally across world markets the previous day as analysts warned that the legal wrangling could compound volatility and throw trade talks...
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Firm unveils solar cooling platform

31.05.2025
Sustainable cooling firm KoolBoks has unveiled a solar-powered refrigeration platform designed to tackle Nigeria’s growing food spoilage crisis and the worsening impacts of climate change. Koolboks noted in a statement that it offers flexible, pay-as-you-go financing for solar refrigerators, allowing households and small businesses to either swap old electric freezers for solar models, convert existing...
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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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