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Smart ways to shield your savings from inflation

30.05.2025
Rising inflation is shrinking the value of Nigerians’ savings, making traditional accounts a risky place to keep money. To protect your wealth, Nigerians must explore smarter investments and stay financially savvy. Act now before inflation erodes your hard-earned cash, writes TEMITOPE AINA As inflation continues to weigh on Nigeria’s economy, the financial security of millions...
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Domestic Investors Extend NGX Market Lead

30.05.2025
Domestic investors continued to dominate trading activities on the Nigerian Exchange Limited in April, accounting for 87 per cent of total transactions, according to the latest Domestic & Foreign Portfolio Investment report released by the NGX. The report showed that out of a total transaction value of N482.86bn for the month, domestic investors accounted for...
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Abbey Mortgage Bank Plans N100bn Capital Raise

30.05.2025
Abbey Mortgage Bank Plc has announced plans to raise N100bn in fresh capital as part of its strategy to meet regulatory requirements and strengthen its balance sheet. The move was disclosed in a notice filed by the company with the Nigerian Exchange Limited recently, following resolutions passed at its 33rd Annual General Meeting held on...
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Terminal operator suspends empty containers collection

30.05.2025
The Terminal Manager of APM Terminals Apapa, Steen Knudsen, has announced that the terminal has temporarily restricted the reception of additional empty containers until the existing stock is cleared by shipping lines. In a statement on Thursday, Knudsen stated this while responding to recent concerns surrounding the congestion of empty containers at its terminal, setting...
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New Finance Management App Unveiled

30.05.2025
A finance management app designed to help creatives, freelancers, and small business owners better manage their funds has been unveiled. The app, called Velvy, allows users to send branded, professional invoices quickly, track payments with notifications, log and categorise expenses effortlessly, and automate reminders to avoid chasing late payments. Velvy allows users to view clear...
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Tinubu Signs Order to Slash Oil Project Costs by 40%

30.05.2025
President Bola Tinubu has signed an Executive Order aimed at slashing oil and gas projects’ costs, improving government revenue, and accelerating investment inflow into Nigeria’s energy sector. In a statement issued on Thursday by the Office of the Special Adviser to the President on Energy, the Federal Government said the directive introduces far-reaching fiscal reforms...
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40 Oil Block Licences Set to Expire in June 2025

30.05.2025
No fewer than 40 oil licences will expire in June 2025, and the companies holding these assets may lose them unless the Minister of Petroleum renews their licences in accordance with the Petroleum Industry Act. According to the Nigerian Upstream Petroleum Regulatory Commission’s Upstream Concession Situation Report in May, the various licences, which were granted...
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Bonga oilfield

30.05.2025
TotalEnergies has announced that its subsidiary, TotalEnergies EP Nigeria, has signed an agreement with Shell Nigeria Exploration and Production Company Ltd for the sale of its non-operated 12.5 per cent interest in the OML118 Production Sharing Contract. In a statement on Thursday, the company TotalEnergies disclosed that the deal is valued at $510m. OML118 PSC...
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FoodHutz expands operations to Nigeria

30.05.2025
FoodHutz, an emerging food tech platform, has expanded its operations to Nigeria. The company is headquartered in London and now fully operational in Lagos. The company said it is setting its sights on further expansion across Nigeria’s major cities with upcoming features such as group ordering, vendor loyalty programmes, and Google-integrated real-time tracking. The statement...
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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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