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Equity market opens year with N155bn gain

The equity market began 2025 on a positive note, with the Nigerian Exchange recording a gain of N155bn as the All Share Index appreciated by 0.25 per cent. The index closed at 103,180.14 points, up from 102,926.40, marking year-to-date, month-to-date, and week-to-date gains of 0.25 per cent, 0.25 per cent, and 1.02 per cent, respectively....
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Economists worry as FG breaks Jan-Dec budget cycle

Economists have expressed concerns about the break in the January-December budget cycle as Nigeria steps into the New Year without an appropriation bill for the first time in years. This comes as President Bola Tinubu submitted a proposed 2025 budget worth N49.7tn to the National Assembly on Wednesday, December 18, 2024. This bill, which has...
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Polaris Bank, partners support 16,000 students

Polaris Bank and its partners have reaffirmed their commitment to combating the alarming rate of out-of-school children by supporting students. In a statement on Monday, the bank stated that while the initiative primarily focused on empowering the girl child, male students in the targeted schools were not left out, thus reflecting the project’s inclusive approach....
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FG plans credit guarantee company for Q2

The federal government has announced plans to launch a National Credit Guarantee Company before the end of the second quarter of the year. President Bola Tinubu disclosed this during his New Year address on Wednesday. He revealed that the company was the result of multi-stakeholder engagement across public and private sectors. He said, “In this...
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170 graduates benefit from Shell internship programme

A total of 170 young graduates have benefitted from the NCDMB/PETAN/SPDC JV Graduate Internship programme, in which they were attached to indigenous technical oilfield service companies in the upstream and downstream sectors for hands-on experience. Some 133 of the interns were said to have been employed by the companies, indicating the success of the programme...
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Asharami Synergy donates furniture to Lagos school

Asharami Synergy, a downstream energy solutions provider, has donated essential furniture to Gaskiya Junior School in Ijora, Lagos State, Nigeria.  In a statement made available to our correspondent, the company said this was implemented in collaboration with Sahara Group Foundation—the social impact vehicle of global energy conglomerate Sahara Group. The initiative was part of Asharami...
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Winners emerge in Stanbic IBTC Pension Managers talent show

Winners emerged at the grand finale of the third edition of the Stanbic IBTC Pension Managers’ FUZE Talent Show, themed ‘Light it Up,’ which was held in Lagos recently. The event is organised by Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings. The grand finale featured performances across various artistic fields, including music,...
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RSA holders transfer N1.41tn in 16 quarters –PenCom

Data from the National Pension Commission has shown that 312,771 Retirement Savings Account holders have moved about N1.41tn from one Pension Fund Administrator to another. N1.41tn represents the value of assets that had been moved from one PFA to another in the last 16 quarters, the latest data from PenCom has shown. Section 13 of...
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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...