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FGN to raise N300bn via bond auction

23.05.2025
The Federal Government, through the Debt Management Office, has announced plans to raise N300bn from the bond market via auction on May 26. According to the offer circular released by the DMO on Thursday, the issuance comprises an N100bn reopening of the 19.30 per cent FGN April 2029 bond (five-year tenor) and an N200bn reopening...
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ReStore plans African expansion

23.05.2025
ReStore, an Indian company specialising in lead-acid battery rejuvenation and refurbishment, is preparing to enter the African market with an affordable and environmentally friendly franchise model aimed at addressing energy reliability challenges while supporting circular economic growth. The company says it is expanding into West and South Africa as part of a broader effort to...
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Apple recognises Maliyo Games

23.05.2025
In a significant milestone for African game development, Pan-African studio Maliyo Games has gained global recognition as Apple Inc. featured three of its titles in this year’s Africa Day App Store celebration. The disclosure was made in a statement on Wednesday, highlighting Maliyo Games’ role in shaping culturally relevant gaming experiences from the continent. As...
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FG seeks return of direct flights to Italy

23.05.2025
The Federal Government has urged the revival of the bilateral air services agreement with Italy to restore direct flight operations and strengthen trade and economic ties between the two nations. The move aims to facilitate direct flights between the two countries and boost bilateral trade and investment. Amb. Anderson Madubuike, Director of Economic Trade and...
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FG reviews trade strategy amid US tariff threat

23.05.2025
The Federal Government has intensified efforts to reposition Nigeria’s economy amid mounting trade challenges, including a tariff threat from the United States. This followed a meeting of the Economic Management Team chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, at his office in Abuja on Tuesday, May 20,...
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MAN craves CBN intervention as forex dispute escalates

23.05.2025
The Manufacturers Association of Nigeria has decried what it described as “unwholesome treatment” of its members by some commercial banks over unmet foreign exchange forward obligations, calling on the Central Bank of Nigeria to intervene as it warns the dispute threatens the survival of the country’s manufacturing sector. In a statement on Thursday, the Director-General...
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Obasanjo, Adesina to headline agric summit

23.05.2025
Former President Olusegun Obasanjo and President of the African Development Bank, Dr Akinwumi Adesina, are billed to headline the AgriConnect Summit 2025 meant to empower Africa’s next generation of agripreneurs. According to a statement from the organisers, Lorien Works, the summit, scheduled to be held in Lagos on May 30, 2025, will focus on youth-driven...
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Firm empowers young engineers

23.05.2025
An electro-mechanical engineering firm, Kresta Laurel Limited, has made a renewed push to groom young engineers through leadership and technical development as part of its 35th-anniversary activities. According to a statement, the company celebrated its 35th-anniversary milestone with a Students’ Interactive Programme at its Maryland, Lagos headquarters, targeting engineering students from the University of Lagos,...
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Auto sales crash as prices jump 126%, dealers lament

23.05.2025
Automobile dealers have lamented the collapse of the car dealership business as the price of vehicles skyrockets by over 126 per cent in eight years, from N18m to N80m on average, crippling sales and excluding middle-income earners from the market. In an interview with The PUNCH, President of the Automobile, Boatyards, Transport Equipment and Allied...
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Indomie lauds fan club on 20th anniversary

23.05.2025
Food brand Indomie has lauded the impact of its juvenile-based fan club for positively engaging Nigerian children for 20 years. According to a statement, the brand celebrated its 20th anniversary with an event held at the National Theatre, Iganmu, Lagos. Themed ‘A Journey of Love: Friendship Through the Years Built on Love’, the celebration featured...
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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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