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Bearish start to Q2 as stock market cap sheds N90bn

03.04.2025
The local stock market closed in the red zone on the first trading day in April and the second quarter of 2025. The downturn saw the All-Share Index fall by 0.14 per cent to 105,515.99 points from 105,660.64 in the last trading session. Similarly, the market capitalisation dipped 0.14 per cent to N66.17tn, reflecting a...
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FG threatens to revoke dormant oil blocks licences

03.04.2025
The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, threatened to withdraw oil blocks from owners that have failed to develop them. This is against the backdrop of the Federal Government calling on international oil companies operating in Nigeria to ramp up investment in the country’s oil and gas sector, emphasising that the current...
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States vote N214bn for arms, others

03.04.2025
Thirty-five states voted N214 billion for local security outfits, defence initiatives, and the purchase of arms and equipment in their 2025 budget, The PUNCH reports. Despite the substantial funding allocated to eliminate insecurity, no fewer than 367 individuals have been killed during Yuletide and Sallah celebrations between 2019 and 2025. The states’ budgets are contained...
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65% tank farms dormant due to fuel subsidy removal

03.04.2025
As the battle to control market share in the downstream sector rages on, no fewer than 70 tank farm owners have been compelled to cease operations in the past two years, leaving their facilities abandoned and idle as retailers and station owners increasingly avoid utilising their services. These dormant tank farms, representing 65 per cent...
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Stakeholders state benefits of ISA 2025

03.04.2025
Key stakeholders in the Nigerian capital market have lauded the newly signed Investments and Securities Act 2025, expressing strong confidence that the legislation will significantly deepen market integrity and expand investment opportunities within the nation’s financial ecosystem. The experts made this known in separate interviews with The PUNCH on Monday following the announcement of the...
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How to take control of your cash flow

03.04.2025
Cash flow is the lifeblood of personal and business finances, yet many individuals and entrepreneurs struggle to manage it effectively. Poor cash flow management can lead to missed opportunities, financial stress, and even insolvency. Understanding how money moves in and out of your hands is the first step toward achieving financial stability and growth, writes...
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NNPC, SNEPCO boost security, healthcare in Lagos

03.04.2025
The Nigerian National Petroleum Company Ltd and Shell Nigeria Exploration and Production Company Limited have donated vehicles, including a specialised ambulance, in support of security and health services in Lagos State as part of their corporate social responsibility. The Lagos State Security Trust Fund recently received two vehicles, while an intensive care unit ambulance was...
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Egbin Power unveils learning academy

03.04.2025
Egbin Power, one of the leading electricity generators in Nigeria, has revitalised its Learning Academy to enhance human capital development. The plans to equip its workforce with top-tier skills and knowledge that drive innovation, efficiency, and improved service delivery in the sector. In a statement, the Genco disclosed that the academy is a strategic capacity...
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WAPCo graduates 164 youths in technical skills

03.04.2025
West African Gas Pipeline Company Limited on Wednesday graduated 164 youths who have acquired various technical and vocational skills. At the event held in Ota, Ogun State, youths who have been trained in electrical installations, aluminium fabrication, catering, tailoring, and others got the necessary tools to make them self-employed. WAPCo said this was part of...
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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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