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Zenith Bank shareholders approve N195bn dividend

Shareholders of Zenith Bank Plc have approved a final dividend of N4.00 per share at the company’s 34th Annual General Meeting held on Tuesday in Lagos. The approval brings the total dividend for the 2024 financial year to N5.00 per share, amounting to N195.67bn in total payout to shareholders. The Chairman and Founder of Zenith...
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CBN issues directives on export proceeds over $2,000

The Central Bank of Nigeria has issued a new directive mandating full documentation for all Pan-African Payment and Settlement System transactions involving export proceeds exceeding $2,000. In a circular released by the apex bank on Monday, the move aims to tighten compliance with foreign exchange regulations and ensure proper clearance of goods. According to the...
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FG urges NGX to support $1tn economy goal

The Federal Government has called on the Nigerian Exchange Group to play a pivotal role in helping Nigeria achieve its $1tn economy target by 2030. This call was made by the Minister of Industry, Trade and Investment, Jumoke Oduwole, during the ‘Closing Gong’ ceremony held on Monday in Lagos. Oduwole emphasized the critical role the...
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Investors advocate increased capital deployment in economy

The African Private Capital Association has called for increased capital deployment into Nigeria’s economy. This call was made at the 21st Annual Africa Venture Capital Association Conference held on Monday in Lagos. The event, themed Bold Moves: Powering 10x in Africa, saw industry leaders from various investment firms discuss the current economic climate and highlight...
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Guinness Nigeria returns to profit, posts N6.72bn

Guinness Nigeria Plc has reported a profit after tax of N6.72bn for the nine months ended March 31, 2025, marking a rebound from the loss of N61.65bn posted in the same period of 2024. The company’s unaudited financial statements, released to the Nigerian Exchange Limited recently, showed the company’s revenue surge by 71.5 per cent...
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ROGEAP, Ecobank to empower 50 SMEs

The Regional Off-Grid Electricity Access Project, in partnership with Ecobank Nigeria, is set to empower 50 small and medium enterprises in the solar energy sector with a three-day Entrepreneurship Business Training workshop in Lagos. In a statement on Monday, the Lagos training aims to provide SMEs with essential technical, financial, and business management skills to...
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Transcorp Hotels posts 52 per cent revenue growth in Q1

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reported a 52 per cent year-on-year growth in revenue for the first quarter ended March 31, 2025. The company’s unaudited financial statements filed with the Nigerian Exchange Limited recently showed that revenue rose to N21bn in the first quarter of 2025, up from N13.8bn...
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FG grants N97bn waiver on staple foods import

The waiver granted by the Federal Government for the importation of essential food items, including maize, rice, and sorghum, among others, was N97bn between 2024 and the first quarter of 2025, data sourced from the Nigeria Customs Service showed. In the document, the Comptroller-General of Customs, Adewale Adeniyi, explained that in line with the Federal...
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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...