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Parallex Bank MD gets recognition

25.04.2025
Managing Director/Chief Executive Officer of Parallex Bank, Dr Olufemi Bakre, has been conferred with the Honourary Citizenship of the State of Atlanta, Georgia, United States, in recognition of his leadership and contributions to Nigeria’s banking sector. According to a statement, Bakre received honourary citizenship during the 2025 Trade Conference of the Pan African American Chamber...
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VFD Group adjusts share price

25.04.2025
Proprietary investment company, VFD Group, has announced a share price adjustment following its 5-for-1 bonus share issuance. In a statement on Wednesday, the group said that the share price adjustment reflected the adjustment associated with the impact of the bonus issue on the increase in the number of shares in circulation. To shareholders, the firm...
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Tough times await smugglers, Ogun Customs declare

25.04.2025
The new Controller for Ogun 1 Area Command of Nigeria Customs Service, Comptroller  Godwin Otunla, has vowed to deploy all lawful means to combat smuggling and other nefarious activities around the country’s border in the state, while also enforcing compliance with the nation’s trade laws. Otunla stated this on Thursday while taking over the leadership...
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Group partners Netherlands for 2026 agro-trade fair

25.04.2025
Organisers have announced The Netherlands as the official Guest of Honour for the 2026 edition of the Agrofood & Plastprintpack Nigeria, following the success of the 10th edition in 2025. According to a statement, the Agrofood & Plastprintpack Nigeria 2025, an agro-industrial trade fair held in Lagos, drew 2,230 industry professionals, an 18.5 per cent...
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Consumer goods, industrial stocks push market index 0.75%

25.04.2025
The Nigerian Exchange closed in positive territory on Thursday as the All-Share Index rose by 0.75 per cent to settle at 106,074.26 points. This led to a N508bn increase in the overall market capitalisation, which closed at N66.7tn. The upward movement was primarily driven by demand in the consumer goods and industrial sectors. Nestle Nigeria...
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Guinea Insurance records 39.5% rise in profit

25.04.2025
Guinea Insurance Plc recorded a 39.5 per cent increase in profit after tax for the first quarter ended 31 March 2025, with profit rising to N130.3m from N93.4m reported in the same period in 2024. The unaudited financial statement released by the company on the Nigeria Exchange Limited on Wednesday showed that the improved performance...
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Firm to empower youths in property, investment

25.04.2025
A real estate development company, Poshfield, has announced plans to host the Game Changer Summit 2025 as part of efforts to empower Nigerian youths with knowledge and tools for wealth creation through real estate and smart investments. In a statement made available to our correspondent on Thursday, the summit is expected to bring together leading...
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13 govs provide counterpart funding to electrify 925 villages

25.04.2025
No fewer than 13 state governors have committed counterpart funding to the Rural Electrification Agency’s e-HEART project, which is aimed at electrifying about 925 rural communities across the country. Under the e-HEART initiative, the Federal Government, the subnationals, and development partners are to contribute funds to electrify 25 communities in each state and the Federal...
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Sustainable business strategies for long-term success

25.04.2025
Starting a business is exciting, but keeping it running for the long haul is the real challenge. JOSEPHINE OGUNDEJI writes Many businesses start strong but struggle to survive after a few years because they focus only on quick profits rather than building a solid foundation. A sustainable business isn’t just about making money today; it’s...
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Ponzi schemes threaten capital market growth — SEC

25.04.2025
The Securities and Exchange Commission has raised concerns over the growing threats posed by Ponzi schemes and other illegal investment platforms, warning that such activities endanger the growth and stability of Nigeria’s capital market. In a notice issued to the investing public on Thursday, the commission advised Nigerians to report any suspected illegal investment operations...
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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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