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Berger Paints pays N347.8m dividend

Berger Paints Nigeria Plc has paid a total dividend of N347.8m to shareholders for the 2024 financial year, reinforcing its strong performance despite a tough operating environment. Shareholders approved a final dividend of 100 kobo per share at the company’s 65th Annual General Meeting held in Lagos, bringing the total dividend for the year to...
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CBN unveils instruments to boost Islamic finance

The Central Bank of Nigeria has announced the introduction of three new instruments aimed at deepening the country’s non-interest financial market and improving liquidity management for Islamic finance institutions. The announcement was made in a circular dated May 23, 2025, which forms part of the Bank’s wider strategy to strengthen the adoption and operational efficiency...
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IBEDC urged to energise Ogun communities

Ogun State House of Assembly has urged the Ibadan Electricity Distribution Company to expedite action on the re-electrification of some communities affected by the destruction of electricity poles and installations by trucks belonging to the Dangote Cement factory. It was learnt that after pulling down the poles, the Dangote cement factory donated everything needed to...
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Shafa Energy to unveil CNG station in Abuja

Shafa Energy, a subsidiary of AYM Shafa Holdings Limited, has announced the launch of Shafa CNG with a station in Abuja. In a statement, the firm said the initiative aligns with President Bola Tinubu’s administration’s commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs and the Nigerian government’s vision...
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NELFUND disburses N57bn loans to 298,124 students

The Nigerian Education Loan Fund has disbursed about N56.85bn in loans to cover tuition fees and provide upkeep allowances for 298,124 students in 198 tertiary institutions across Nigeria in one year. NELFUND, the student loan initiative, was launched on May 24, 2024, by the administration of President Bola Tinubu to empower Nigerian students by removing...
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AEP supports Lagos varsity students with grants

The Association of Esan Professionals has awarded grants worth N150,000 each to 50 students of Esan origin studying in various tertiary institutions in Lagos State as part of its Corporate Social Responsibility initiative to Esanland. This is contained in a statement on Tuesday, where AEP said the beneficiaries were drawn from the University of Lagos,...
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Nigeria faces project cuts over $555m aid drop

African governments, including Nigeria, must sharpen project execution to counter a $555 million cut in US contributions to the African Development Fund, the Project Management Institute’s managing director for Sub-Saharan Africa, George Asamani, said. The reduction, part of a broader contraction in global aid, threatens to disrupt critical infrastructure projects across the continent, from roads...
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Nigeria deepens partnership with China on industrialisation

The Federal Government has reaffirmed its commitment to the partnership with China, saying the collaboration will play a vital role in accelerating Nigeria’s industrialisation and economic transformation. According to a statement, President Bola Tinubu on Monday assured of the country’s investment relationship while receiving the Director-General and Global Liaison of the Nigeria-China Strategic Partnership, Joseph...
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Reps seek overhaul of MOFI Act

The House of Representatives Committees on Finance and Public Assets have called for a review of the Ministry of Finance Incorporated Act, 2024, to align with global financial management practices and regulatory expectations. The committees made the call on Tuesday at a public hearing to review and reform Nigeria’s financial legal framework. The hearing dwelt...
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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...