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Customs plan reintroduction of 4% FOB

23.04.2025
The Nigerian Customs Service has said it plans to reintroduce the widely criticised mandatory payment of the four per cent Free-on-Board value on imports after extensive consultation with relevant stakeholders. The Comptroller-General of Customs, Bashir Adeniyi, disclosed the figure during a press briefing to inform the public about the NCS activities in the first three...
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Unilever records N15.1bn Profit

23.04.2025
Unilever Nigeria Plc has reported a net profit of N15.1bn for the 2024 financial year, reflecting a 79 per cent increase from the N8.4bn recorded in the previous year. The company also achieved a turnover of N149.5bn, which represents a 44 per cent growth compared to the N103.9bn in 2023. The audited results, which cover...
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Africa Prudential Plc appoints new chairperson

23.04.2025
The board of Africa Prudential Plc, a share registration and business solutions provider, has announced the appointment of Christabel Onyejekwe as Chairperson, following the retirement of  Mrs Eniola Fadayomi, after 12 years of meritorious service. According to a statement, the announcement was made during the company’s 12th Annual General Meeting. Onyejekwe is an accomplished business...
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Tetracore Energy CEO bags award

23.04.2025
The Chief Executive Officer of Tetracore Energy Group, Olakunle Williams, has been awarded the Vanguard Energy Icon Award 2025 for his transformative impact on Africa’s energy landscape. Olakunle Williams’ recognition as the Vanguard Energy Icon of 2025 cements his status as a trailblazer in Africa’s energy sector, a visionary leader whose work continues to energise...
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Fashola advocates inclusive governance – Punch Newspapers

23.04.2025
The former Minister of Works and Housing, Babatunde Fashola, has called for a deeper commitment to inclusion that goes beyond surface-level representation. Fashola said this at the recent two-day Lateef Jakande Leadership Academy 2025 Lagos Leadership Summit, themed: ‘Transformative Leadership: Developing Responsive, Adaptive, and Inclusive Models’, in Lagos. According to him, Nigeria must build systems...
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African countries discuss trade growth at landmark summit

23.04.2025
Africa’s rising economic power and ambitions for deeper trade integration took centre stage at the inaugural ICC World Chambers Federation Africa Summit, held recently in Nairobi, Kenya. The summit was co-hosted by the Kenya National Chamber of Commerce and Industry, and it brought together over 500 participants from more than 60 countries, signalling renewed global...
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NNPCL sells N336bn crude to Dangote, foreign refiners – Report

23.04.2025
The Nigerian National Petroleum Company Limited generated N336.37bn from crude oil sales in the first quarter of 2025, with Dangote Petroleum Refinery accounting for over 32 per cent of the transactions, according to findings by The PUNCH. The details were contained in internal documents from the NNPCL, submitted at the Federation Account Allocation Committee meetings,...
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FG generates N6.96bn from mining fees

23.04.2025
The Federal Government, through the Ministry of Solid Minerals Development, generated N6.96bn in mining fees and registered 118 new private mineral buying centres in the first quarter of 2025. The Minister of Solid Minerals Development, Dr Dele Alake, who revealed this figure, said the revenue reflects the outcome of the Ministry’s efforts to raise awareness...
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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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