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NGX unveils new index

The Nigerian Exchange has launched the Equity-Based Commodity Index, a market commodity index designed to track the performance of companies primarily operating in the energy, agriculture, mining, metals, and natural resources sectors. The starting constituents of the index include Geregu Power Plc, Multiverse Mining and Exploration Plc, Okomu Oil Palm Plc, Presco Plc, Seplat Energy...
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Aswani market traders decry crippling inflation

Aswani market traders made good business selling and repairing air conditioners and fans for residents of Lagos’ humid cities, but they are beginning to worry as inflation threatens their livelihood. ARINZE NWAFOR writes Aswani Market feels the bite of the inflationary crisis that has hurt businesses in the country badly. The Lagos market is an...
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Lafarge empowers customers with 155 trucks

Lafarge Africa has empowered customers with 155 trucks to boost business operations. The company, in a statement, reaffirmed its commitment to supporting customers’ growth and operational excellence by allocating 155 trucks to enhance logistics capabilities. It stated, “This milestone initiative underscores Lafarge Africa’s dedication to empowering customers and fostering long-term partnerships built on mutual growth...
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FCCPC petitioned over DisCos’ failure to replace obsolete meters

A customer of the Ikeja Electricity Distribution Company, Associate Professor Tunde Akanni, has written a petition to the vice chairman of the Federal Competition and Consumer Protection Commission over the utility company’s alleged failure to replace his obsolete prepaid meter. In the petition titled, ‘SOS On Massive Extortion of Customers by Ikeja Electric Distribution Company,’...
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Midoil signs MoU with contractors, host community

Midoil Refining and Petrochemicals Company Limited says it has signed relevant documents with communities, filing an agreement with the state government to ensure peace at the site. In a statement on Monday, the company said it also awarded wall fencing of the refinery site to three reputable contractors. The event, which coincided with the company’s...
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NGA rebrands for energy sustainability

The Nigerian Gas Association, one of the apex bodies for the gas industry in Nigeria, has unveiled a new logo, promising future energy sustainability as it marked its silver jubilee. At a recent event in Lagos, the NGA said the new brand identity symbolises a mission that is evolving from advocacy for policy reforms and...
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Tinubu urged to intervene in Lagos-Calabar road crisis

The Chief Executive Officer of Winhomes Global Estate, Stella Okengwu, has called on President Bola Tinubu to intervene in the Lagos-Calabar Coastal Road diversion crisis, citing its adverse impact on the larger economy. Okengwu raised concerns over the lingering issue, which she said had jeopardised investments worth millions of naira in the Okun Ajah axis...
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New withholding tax policy begins

The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July 2024 and published in the Official Gazette in October, the revised regulations became effective on January 1, 2025. Formally titled the “Deduction of Tax at Source (Withholding) Regulations,...
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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...