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LIRS warns against incomplete documentation

14.01.2025
The Lagos State Internal Revenue Service has called on employers of labour in the state to ensure that all the required details are included when filing their annual tax returns. This word of caution was shared by Abideen Akande, the special adviser to the executive chairman of LIRS, during an exclusive interview with The PUNCH...
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TotalEnergies projects N2.41bn profit in Q1

14.01.2025
TotalEnergies Marketing Nigeria Plc has projected a profit of N2.41bn for the first quarter of 2025. This was disclosed in its forecasted statement of profit or loss and other comprehensive income, which was filed on the Nigeria Exchange Limited on Monday. The oil and gas company anticipates a gross profit of N35.47bn after accounting for...
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FG unveils two savings bonds

14.01.2025
The Federal Government of Nigeria, through the Debt Management Office, has announced the launch of two of its Savings Bonds, offering interest rates of 17.23 per cent per annum for the two-year bond maturing in January 2027 and 18.23 per cent per annum for the 3-year bond maturing in January 2028. The subscription for the...
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Investors lose N51bn as equity market shrinks

14.01.2025
In a mixed trading session on the Nigerian Stock Exchange on Monday, investors saw a loss of N51bn in market capitalisation, closing at N64.3tn. The NGX All-Share Index dipped by 0.08 per cent, closing at 105,367.25, but gained 2.37 per cent year-to-date. Despite this, the number of deals increased by 11 per cent. The market...
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December inflation projected to hit 35.20%

14.01.2025
The inflation figure for December 2024 is expected to rise further on the back of price pressure. This was revealed in the Cowry Weekly Financial Markets Review & Outlook published over the weekend, which projected that inflation would hit 35.20 per cent in December. Nigeria’s inflation rate rose to 34.60 per cent in November 2024,...
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Services to enjoy biggest gain – Punch Newspapers

14.01.2025
The services sector is projected to constitute about 55 to 60 per cent of the rebased Gross Domestic Product data when launched. In the current GDP, the services sector constituted about 53 per cent, while the oil sector and agriculture comprise 5.57 and 28.65 per cent, respectively. However, post-rebasing projections by Meristem Securities in its...
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Fidelity Bank donates maternity kits to Lagos women

14.01.2025
Fidelity Bank Plc has donated maternity kits to 30 pregnant women at Mushin Primary Health Centre, Lagos. The donation, organised by the Great Minds Inductees Class, was made possible through the Fidelity Helping Hands Programme, a Corporate Social Responsibility initiative by Fidelity Bank Plc aimed at promoting staff involvement in community development. According to a...
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Fire Service to mandate insurance for buildings

14.01.2025
The Federal Fire Service has agreed to include fire insurance policy in its checklist for buildings. This was the outcome of a meeting between the National Insurance Commission and the Federal Fire Service at the NAICOM Headquarters to review and strengthen their partnership. Fire insurance is a type of property insurance that covers losses and...
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Businesses now prioritise cybersecurity over cost-cutting – GSMA

14.01.2025
A new report from GSMA Intelligence revealed that enterprises are increasingly focusing on revenue growth and cybersecurity as part of their digital transformation strategies. According to the research titled “The Rise of Digital Industries: Navigating Enterprise Needs, Investments, and Supplier Decisions,” 60 per cent of businesses now prioritise enhancing customer experience, improving competitive positioning, and...
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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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