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Hyundai Nigeria debuts all-new Palisade & other models

01.04.2026
Hyundai Nigeria has reinforced its presence in the Nigerian auto market with the unveiling of the all-new Hyundai Palisade, alongside a lineup of other models, at a media showcase held in Lagos. The event held over the weekend provided journalists and stakeholders with a first-hand look at Hyundai’s expanding portfolio, ranging from entry-level sedans to...
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Stakeholders Seek Lagos Airport Expansion for Hub Potential

01.04.2026
Aviation stakeholders have called for the urgent expansion of apron space at the Murtala Muhammed International Airport, Lagos, warning that existing limitations are constraining aircraft movement and undermining the airport’s potential to operate as a regional hub. This was made public through a communiqué issued after the Q1 Business Breakfast meeting of the Aviation Safety...
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NERC Pushes DisCos for Free Meter Installations in Nigeria

01.04.2026
The Nigerian Electricity Regulatory Commission has urged electricity distribution companies and meter asset providers to accelerate meter installations as part of efforts to close Nigeria’s metering gap. The commission made this known in a statement posted online on Tuesday, following a NESI Metering Stakeholders’ Meeting held recently. According to the regulator, the meeting focused on...
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Stock market rebounds as Nigerian ASI rises 0.40%

01.04.2026
The Nigerian equities market snapped a recent bearish streak on Tuesday as the benchmark All-Share Index rose by 0.40 per cent to close at 201,287.78 points. This upward momentum pushed the year-to-date return to 29.35 per cent, translating into a significant N516bn gain in market capitalisation, which settled at N129.21tn. The rally was primarily underpinned...
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Nigeria Raises Gas Price for Power Generators to $2.18/MMBtu

01.04.2026
Nigeria’s subsidy-related fiscal burden in the power sector is expected to climb further as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has increased the price of natural gas for power generation companies to $2.18 per million British thermal units. The NMDPRA disclosed this in a public announcement signed by the...
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Nigerian Banks Report $1.7bn Gain from Foreign Exchange

01.04.2026
Nigerian banks recorded an extraordinary $1.7bn in foreign exchange gains in 2023, according to the 32 page McKinsey report titled From potential to performance: A snapshot of African banking. The FX windfall accounted for an estimated 40 per cent of total operating income for Nigeria’s top banks and was 100 times larger than FX gains in 2022,...
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Nigeria’s Next Economic Growth Engine

01.04.2026
The National Insurance Commission has declared the insurance sector the new frontier for Nigeria’s industrial and economic expansion, asserting that recent reforms have transitioned the industry from a state of fragility to a cornerstone of national resilience. Speaking in Lagos on Tuesday during the second-anniversary celebration of Daily Economy and the launch of a book...
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Nigeria & IsDB Partner for $1 Trillion Economic Vision

01.04.2026
The Federal Government and the Islamic Development Bank Group have stepped up efforts to attract investments aimed at driving the country’s ambitious plan to achieve a $1tn economy by 2030. The high-level engagement, held on Monday in Lagos, brought together government officials, private sector leaders, financial institutions, development partners, and international stakeholders to explore strategic...
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German firms eye Nigeria’s €222bn food market

01.04.2026
German companies are intensifying their focus on Nigeria’s rapidly growing food sector, projected to reach €222bn by 2026, as both nations seek deeper cooperation to enhance food security and drive economic growth. Trade between Germany and Nigeria reflects growing economic ties. According to Trading Economics, Germany’s exports to Nigeria nearly doubled from $500m in 2021...
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World Bank Flags Uneven AI Impact on Global Jobs

01.04.2026
A new joint working paper by the International Labour Organisation and the World Bank has warned that generative artificial intelligence is poised to reshape labour markets worldwide, but its impact will be uneven, particularly between advanced and developing economies. The study, prepared as a background paper for the World Development Report 2026, examined labour market...
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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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