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Consumers stick to old smartphones as costs deter upgrades

Nigerians are holding onto their smartphones longer, as soaring prices driven by inflation and naira devaluation dampen the usual yearly upgrade trend, consumers and analysts have said. Africa’s most populous nation undertook a major currency devaluation in June 2023, slashing over 70 per cent off the naira’s value by mid-2024, one of the most significant...
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Jimoh Ibrahim to speak at Cambridge conference

The senator representing Ondo South Senatorial District and Chairman/Chief Executive Officer of Global Fleet Group, a diversified conglomerate based in Nigeria, Jimoh Ibrahim, has been named among the keynote speakers for the upcoming Cambridge Africa Business Conference. The conference, which will be held at the Cambridge Judge Business School on May 17, 2025, will feature...
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SAPZ sparks renewed optimism for agric export growth

Prolonged rejection of Nigerian agricultural products in international markets, attributed to alleged non-compliance with packaging and processing standard guidelines, has adversely affected the local economy, eroded farmers’ confidence, and threatened food security in the country. To help reverse this trend, the African Development Bank has launched the Special Agro-Industrial Processing Zones projects across the country,...
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Stanbic IBTC Trustees bags award

Stanbic IBTC Trustees, a subsidiary of Stanbic IBTC Holdings, has been recognised as the Most Customer-Focused Trust and Investment Company of the Year – Nigeria at the 2025 West Africa Innovation Awards. The recognition was received at the award ceremony, which was held in Lagos recently. The West Africa Innovation Awards, now in its fourteenth...
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Stakeholders seek empowerment for women in real estate

Stakeholders have expressed concern over the significant gender gap in the real estate sector, highlighting the need for greater inclusion and empowerment of women in the industry. They spoke at a recent business book launch in Lagos, titled “Chics Doing Real Estate,” authored by Mojisola Afolayan and themed “Bold Moves, Lasting Wealth: Empowering Women to...
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First HoldCo records N3.21tn gross earnings

First HoldCo Plc has posted a 106 per cent increase in gross earnings for the financial year ended December 31, 2024, amounting to N3.21tn, compared to N1.56tn recorded in 2023. This growth was driven primarily by a rise in interest income, which surged by 156 per cent to N2.40tn, up from N936.68bn in 2023. The...
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NIA, police pledge to strengthen third-party motor insurance

The Nigerian Insurers Association has paid a courtesy visit to the Lagos State Commissioner of Police, Olorundare Jimoh, to strengthen collaboration on the enforcement of the Third-Party Motor Insurance Policy. According to a statement from NIA, the NIA team, led by its Director-General, Mrs Bola Odukale, congratulated Jimoh on his appointment and commended the police...
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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...