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Nestle, Tripple Gee lead N20bn NGX rebound

21.05.2025
Nestle Nigeria Plc, Tripple Gee and Company Plc, and Regency Alliance Insurance Plc experienced stock appreciation  as the Nigerian stock market rebounded on Tuesday with a gain of N20bn in market capitalisation. At the close of trading on the Nigerian Exchange Limited, the All-Share Index inched up by 32.64 points, or 0.03 per cent, to...
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UBA clinches four awards

21.05.2025
United Bank for Africa Plc clinched four major honours at the 2025 Development Bank of Nigeria Service Ambassador Awards held in Lagos over the weekend, reaffirming its position as a leading supporter of micro, small and medium enterprises in Nigeria. According to a statement on Monday, the bank emerged as the top performer in four...
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OPS faults MPC over 27.5% interest rate

21.05.2025
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate (interest rate) at 27.50 per cent, marking its second consecutive hold in 2025. This decision was announced by the CBN Governor, Mr Olayemi Cardoso, during a press briefing on Tuesday in Abuja, following the conclusion of the MPC’s 300th...
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NRC fixes damaged Osogbo rail track

21.05.2025
Nigeria Railway Corporation said it has commenced the repair of a portion of its narrow gauge rail line threatened by floods around Osogbo, the capital of Osun State, preparatory to Sallah. The NRC added that its engineers have been deployed to the flood-ravaged area for repair operations to guard against disruptions during the Sallah period....
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Analysts warn of rising deficit

21.05.2025
The Federal Government’s approved budget for 2025, totalling N54.99 tn, has raised concerns among analysts over a widening fiscal deficit and insufficient capital expenditure, according to an analysis by Afrinvest. In its report titled ‘Federal Government Approved Budget Analysis’, the budget, which is the largest Nigeria has ever seen in naira terms, allocates N23.96tn to...
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TAG partners DFIs to support small businesses

21.05.2025
TAG, an independent advisory and investment management firm, has deepened its commitment to Africa’s economic transformation by partnering with development finance institutions and ecosystem enablers to support small and medium-sized enterprises and creatives across the continent. In a statement made available to our correspondent on Tuesday, the firm, which operates with a focus on scalable...
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Access Bank, Deloitte collaborate on SME growth

21.05.2025
Access Bank Plc has partnered with global consultancy firm Deloitte to roll out a nationwide SME Business Clinic in a move to strengthen Nigeria’s small and medium-sized enterprises. The collaboration is aimed at providing entrepreneurs with expert guidance, access to finance, and practical market insights. The initiative, launched in Lagos and simultaneously held in Abuja...
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AMCON, AMPs to tackle over N4tn debt burden

21.05.2025
The Asset Management Corporation of Nigeria has unveiled a renewed strategy to intensify efforts towards recovering more than N4 tn in outstanding debts owed by obligors across the country. In a statement made available to our correspondent by the Head, Corporate Communications Department, AMCON, Jude Nwauzor, on Monday, the strategy will see AMCON deepen its...
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Orthodox CBN policy reshapes liquidity strategy

21.05.2025
The Central Bank of Nigeria’s return to orthodox monetary policy in 2024 has begun to reshape its asset profile and liquidity management approach, reversing past losses and improving reserve buffers. However, soaring liquidity management costs, derivative settlement losses, and a shrinking equity base reveal deep financial strain. SAMI TUNJI explores how this shift back to...
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Dentsu’s brand director joins Cannes Lions jury

21.05.2025
The Director of Brand Strategy at Dentsu Creative Nigeria, Temitope Joseph, has secured a coveted seat on the Creative Strategy Lions Shortlisting Jury for the 2025 Cannes Lions International Festival of Creativity. The Cannes Lions is a renowned global event for professionals in creative communications, advertising, and related fields. The firm said in a 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
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Man who asked Tinubu to resign admitted in psychiatric hospital

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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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