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C&I Leasing commercial paper oversubscribed

08.04.2025
C&I Leasing Plc recorded an over-subscription in its recent Series 5 Commercial Paper Issuance, which concluded in March 2025. In a statement on Sunday, the firm said that since registering its N50bn commercial paper programme with the FMDQ in 2022, it has raised over N22.00bn across four series with rising demand for its commercial notes...
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Women in Energy president to chair The Bullion Lecture

07.04.2025
The National President of Women in Energy, Oil and Gas, Tolulope Longe, has been scheduled to chair the 2025 edition of The Bullion Lecture. The lecture, themed ‘Architecting the Energy Sector for Nigeria’s $1-Trillion Economy Vision’, is to be held at The Civic Centre, Victoria Island, Lagos, on Thursday, April 10, 2025. The Bullion Lecture...
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NAHCO posts N18.7bn profit

07.04.2025
The Nigerian Aviation Handling Company has posted its strongest financial performance yet, doubling its pre-tax profit to N18.70bn and growing revenue by 88.5 per cent to N53.54bn in 2024, according to its newly released audited results filed on the Nigerian Exchange Limited. Riding on this performance, the board has recommended a 134 per cent increase...
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FRC lifts suspension on audit firm partner

07.04.2025
The Financial Reporting Council has lifted the three-month suspension it imposed on Mr Abel Onyeke, a partner at Nexia Agbo Abel & Co, following a rigorous quality review that invalidated the concerns that led to the suspension. This was according to a statement on Sunday, which noted that the Council, in a notice signed by...
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Shipowners spend $30m annually on drydocking in Africa

07.04.2025
Findings by The PUNCH have revealed that Nigerian shipowners spend between $25m and $25m-$30m every year on dry docking vessels within West African countries. The President of the Nigerian Indigenous Shipowners Association, Mr. Sola Adewunmi, disclosed this in a chat with The PUNCH on Saturday. The term dry docking refers to a regular process that...
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Nigeria’s debt servicing rises 68% to N13tn

07.04.2025
• States pay off N1.98 tn local debts amid rising borrowing costs • Govt borrowing less than before – Shettima Nigeria spent a total of N13.12tn on debt servicing in 2024, representing a 68 per cent increase from the N7.8tn recorded in the previous year, according to an analysis of fresh data from the Debt...
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Seaman’s Schnapps celebrates 46th Aalafin of Oyo

07.04.2025
Seaman’s Schnapps, Nigeria’s number one prayer drink, took pride of place as the official drink at the grand coronation of the 46th Alaafin of Oyo, His Imperial Majesty, Oba Akeem Abimbola Owoade I. The historic event, held at the popular Olivet Heights in Oyo, brought together an impressive gathering of dignitaries and royal fathers from...
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FCMB Group’s digital revenues up N101.9bn in 2024

07.04.2025
The digital business of the FCMB Group continued to record strong growth, with digital revenues growing by 69.2 per cent from N60.3bn to N101.9bn at the end of the 2024 financial year. This was revealed in its audited financial results for the full year ended December 31, 2024, filed with the Nigerian Exchange Limited on...
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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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