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Access Holdings posts N182bn Q1 profit

02.05.2025
Access Holdings Plc has reported a profit after tax of N182.8bn for the first quarter ended 31 March 2025, representing a 14.7 per cent increase compared to N159.3bn recorded in the same period of 2024. The group’s unaudited consolidated financial statements filed with the Nigerian Exchange recently showed that the improvement was driven by growth...
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Nigeria not in hyperinflation – FRC

02.05.2025
The Financial Reporting Council of Nigeria has reaffirmed that the Nigerian economy does not meet the criteria for classification as hyperinflationary, despite recent macroeconomic data from the International Monetary Fund and the National Bureau of Statistics indicating high inflationary pressures. In a statement made available to our correspondent on Thursday, the council noted that a...
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Indomie rewards families with cash prizes

02.05.2025
Dufil Prima Foods Limited, makers of Indomie Noodles, in partnership with Multichoice, have rewarded three families with a total of N9m and a year’s supply of noodles. According to a statement, Indomie rewarded the winners as the second season of the Indomie Love Bowl reality show ended in Lagos. The Adekunle family emerged overall winners...
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CIS, tertiary institutions partner on securities careers

02.05.2025
The Chartered Institute of Stockbrokers has forged strategic partnerships with several tertiary institutions in Nigeria to promote the securities and investment profession among the youth. This collaboration aims to attract a new generation of professionals into the capital market, fostering growth and expertise in the industry. CIS President and Chairman of Council, Oluropo Dada, made...
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Ecobank posts N187.1bn profit in Q1

02.05.2025
Ecobank Transnational Incorporated has reported a profit after tax of N187.1bn for the first quarter of 2025, marking a 33 per cent increase compared to N140.9bn in the same period of 2024. In the bank’s financial statement filed on the Nigerian Exchange Limited on Wednesday, the group’s gross earnings for the quarter rose by 17...
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CBEX resumes operations despite SEC ban, N1.2tn EFCC probe

01.05.2025
Despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians, the embattled Crypto Bridge Exchange trading platform, accused of these acts, has resumed operations, announcing fresh withdrawal options in a move to restore investor confidence. Two traders on the CBEX platform confirmed to The PUNCH on Wednesday that the digital trading firm...
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Shipowners reject waiver clause on vessel fund

01.05.2025
Following the planned disbursement of the Cabotage Vessels Financing Fund, shipowners have called for the removal of the waiver clause, adding that it should be replaced with a right of first refusal provision to ensure local shipowners have a fair opportunity to compete for contracts. A foremost shipowner, Tunji Brown, who stated this in a...
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CRFFN pledges to digitise freight forwarding in Nigeria

01.05.2025
The Council for the Regulation of Freight Forwarding in Nigeria said it has concluded plans to digitalise freight forwarding in Nigeria to boost efficiency. The Registrar and Chief Executive Officer of the council, Mr Igwe Kingsley, stated this recently in Lagos during the quarterly meeting of the Nigeria Ports Consultative Council in Lagos. He underscored...
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Oyetola distributes life jackets to boost waterway safety

01.05.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has flagged off the distribution of 42,000 life jackets to waterway users across 12 selected riverine states. Announcing this in a statement on Tuesday, the ministry explained that the landmark move is aimed at enhancing safety on Nigeria’s inland waterways. It added that the initiative which...
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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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