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Firm underscores real estate’s edge over inflation

19.05.2025
Eko Development Company Ltd, the real estate firm developing Azuri Towers, has stated that with the high inflation rates in Nigeria, as well as interest rates, real estate investment provides the best store of value in the Nigerian economy. In the company’s brochure, it was stated that an investment in an Azuri Towers’ apartment, which...
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Analysts raise concerns over Nigeria’s rising debt

19.05.2025
Financial analysts at Afrinvest have raised fresh concerns over Nigeria’s ballooning public debt, projecting that the country’s total debt stock could hit N180tn by the end of 2025 if the current fiscal trends persist. This projection is contained in the latest Afrinvest Weekly Market Report, which reviewed key insights from the World Bank’s Nigeria Development...
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T-bills, bonds, Eurobonds record decline – Report

19.05.2025
The fixed income market closed the week on a bullish note, with yields across the T-bills, local bonds, and Eurobond segments experiencing a broad-based decline, according to a recent report by Meristem Securities. In the Treasury bills segment, the secondary market maintained a bullish trajectory, as average yields declined by 5 basis points to 20.84...
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Push for financial inclusion gains fresh momentum

19.05.2025
Central Bank of Nigeria aims to provide Nigerians in the diaspora with seamless financial services at home while intensifying its inclusion efforts, writes FELIX OLOYEDE Nigeria has recorded notable progress in its financial inclusion efforts, with access rising from 56 per cent in 2020 to 64 per cent in 2023, according to Enhancing Financial Innovation...
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FX reform, others grow govt revenue to N12tn – W’Bank

19.05.2025
The Federal Government’s revenue rose by 82.4 per cent from N6.8tn in 2023 to N12.4tn in 2024, driven by the unification of the foreign exchange rates, enhanced tax administration, and reforms in treasury remittances, the World Bank has said. The development represents a N5.6tn increase in federally collected revenue and a significant rise in the...
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NPA, terminal operator rehabilitate 970m of Apapa quay apron

19.05.2025
The APM Terminals Apapa, in collaboration with the Nigerian Ports Authority, has completed 970 meters of quay apron surface in Apapa. In a statement on Sunday, APMT described the project as a critical infrastructure initiative aimed at improving operational safety, sustainability, and efficiency at Nigeria’s busiest container terminal. According to the Terminal Manager of APMT,...
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DBN plans N500bn in guarantees for MSMEs

19.05.2025
THE Development Bank of Nigeria has unveiled an ambitious strategic plan to significantly expand its financial support of the country’s micro, small, and medium enterprises sector. The bank projects issuing N500bn in guarantees and growing its outstanding loan portfolio to N1tn within the duration of its current five-year plan. Speaking at a media parley in...
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11Plc unveils more CNG stations in Lagos, Oyo

19.05.2025
11Plc, formerly Mobil Oil Nigeria, says it has inaugurated several compressed natural gas stations in Oyo and Lagos states to expand clean energy access. In a statement on Sunday, the company said it has made significant advancements in the LPG and CNG sectors in its commitment to expanding avenues for clean energy across the country....
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Excitement as Keystone Bank reopens Ketu branch

19.05.2025
Keystone Bank Limited, one of the leading financial services providers in Nigeria, has officially reopened its fully revamped branch located at Plot 584, Ikorodu Road, Ketu, Lagos. The reopening ceremony held on Friday drew the attention of business owners, customers, market leaders, and dignitaries from across the Ketu area and beyond. Declaring the branch open,...
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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

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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