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Meristem explains early capital raise by tier-1 banks

The Group Managing Director of Meristem Securities, Sulaiman Adedokun, has revealed why some of the tier-1 banks in Nigeria entered the capital market to raise the additional funds required to meet new regulatory thresholds. Adedokun said this at the Meristem 2025 Annual Outlook Conference held at its headquarters in Lagos recently. Since the fresh recapitalisation...
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Nigerians embrace home gardening amid rising food prices

In this report, DANIEL ADAJI considers how Nigerians have resorted to home gardening to combat food insecurity In recent times, Nigeria has witnessed a significant surge in home gardening, a trend largely driven by escalating food prices and economic challenges. As inflation continues to erode purchasing power, many Nigerians are turning to their backyards, balconies,...
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Schneider Electric advocates AI technologies to drive efficiency

Schneider Electric, a global leader in energy management and automation, has called for the adoption of artificial intelligence technologies to tackle global energy challenges. The firm said AI-powered solutions could enhance energy efficiency, resilience, and decarbonisation while addressing growing global energy demands, the company announced on Sunday in a statement ahead of the 2025 World...
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AfDB, PowerGen to generate 120MW of renewable energy

PowerGen Renewable Energy has partnered with the African Development Bank and other leading international investors to establish a scalable, distributed renewable energy platform. The platform targets deploying 120 megawatts of renewable power in Nigeria and other African countries, including battery energy storage. In a statement on Sunday, PowerGen disclosed that the platform is also a...
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Govt targets passage of Digital Economy Bill by Q2

The Federal Government of Nigeria has set its sights on passing the Digital Economy Bill by the second quarter of 2025, as part of its ongoing efforts to strengthen the country’s digital infrastructure and foster economic growth. The bill, which is currently in the process of review, is expected to lay the foundation for comprehensive...
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Tizeti plans cost reduction on 90,000km fibre infrastructure

Tizeti, a prominent Internet Service Provider in Nigeria, has revealed plans to cut bandwidth costs by 90 per cent by leveraging the Federal Government’s ambitious 90,000-kilometre fibre-optic backbone project. The broadband initiative, backed by a US Trade and Development Agency $2bn grant, will lay fibre-optic infrastructure along key national routes, including power grids, railways, roads,...
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FG vows to ensure better service delivery

In the coming months, Nigerian telecom operators will be in the spotlight to ensure that the quality of service and consumer experience significantly improve as the sector prepares for a tariff hike, the Minister of Communications and Digital Economy, Bosun Tijani, has said. Subscribers have long complained about poor network performance, including frequent call drops...
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15 listed firms owe N3.6tn – Report

A total of 15 listed companies on the Nigerian Exchange recorded a combined debt of N3.62tn under non-current liabilities as of September 2024, reflecting a rise compared to N2.74tn in 2023, The PUNCH reports. The figure indicates a 32.1 per cent year-on-year increase, according to their financial statements filed on the Nigeria Exchange Limited. These...
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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...