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Xenergi refutes claims of land disputes

27.03.2025
Xenergi has denied claims that it encroached on land belonging to Adelabu in the Oluji area of Delta State. A statement said to have been signed by a spokesperson of the Umuseti Community said the land was purchased by Axxela, alleging that Xenergi once tried to claim ownership of a piece of land in 2014....
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Zenith Bank profit hits N1.3tn

27.03.2025
The profit before tax of Zenith Bank surged by 67 per cent to N1.3tn at the end of the 2024 financial year from N796bn in 2023. This was indicated in the audited financial report filed with the Nigerian Exchange Limited on Wednesday. According to the annual report, Zenith Bank’s profit before tax increased by 67...
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NGX capitalisation drops by N74bn as bears dominate

27.03.2025
The Nigerian Exchange lost N74bn in market capitalisation at the close of trading on Wednesday as the All-Share Index declined by 0.1 per cent to settle at 105,485.99 points. The exchange’s overall market capitalisation now stands at N66.1tn. At the end of the session, a total of 1.29bn shares valued at N12.49bn were exchanged in...
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US commends Nigeria on ISPS implementation

27.03.2025
The United States Coast Guard has commended Nigeria over what they described as considerable progress in the implementation of the International Ships and Ports Facility Security Code. The Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Mr Osagie Edward, said this in a statement on Monday. According to the statement, Joe...
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CBN bolsters moves to stabilise naira

27.03.2025
Nigeria’s external reserves have increased by almost 20 per cent over the last 11 months, raising hope for a stronger naira, writes FELIX OLOYEDE When President Bola Tinubu assumed office on May 29, 2023, Nigeria’s external reserves were at $35.09bn. However, by January 9, 2024, this amount had dropped by 5.87 per cent to $33.04bn,...
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PenCom urges states to implement contributory pension scheme

27.03.2025
The National Pension Commission has urged state governments to implement the Contributory Pension Scheme to boost the welfare of retirees. According to the pension industry regulator in an advertorial on Wednesday, only 11 states have commenced the implementation of the CPS as of December 2024. The Pension Reform Act (PRA) of 2004 was landmark legislation...
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Ecobank, Soto Gallery empower Nigerian artists

27.03.2025
Ecobank Nigeria has partnered with Soto Gallery to present the second edition of the +234 Art Fair, which will empower local artists to tap into the lucrative $62bn global art sector. Speaking to journalists about the commencement of the fair on Wednesday, the Head of SME, Partnerships and Collaboration at Ecobank Nigeria, Omoboye Odu, emphasised...
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Sage Grey pledges to expand financial access for SMEs

27.03.2025
Financial institution Sage Grey Finance Limited and its sister company, Sage Grey Technologies, have recommitted to the provision of impact-driven solutions for businesses. This commitment was made at a press briefing held in Lagos on Tuesday, where executives from the companies detailed their ongoing efforts to expand financial access for small and medium-scale enterprises, drive...
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Citizens Pensions supports financial inclusion through innovation

27.03.2025
The management of Citizens Pensions Limited has promised Nigerians financial inclusion in its operations, stressing that the company would curb vulnerability associated with retirement. The new pension administrator explained that it is ready to redefine what it means to plan for retirement by leveraging technological innovation and commitment to world-class service. Speaking at the brand...
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Nigerians now man NMSL vessels, says firm

27.03.2025
The Nigeria Liquefied Natural Gas Shipping and Marine Services Limited says its vessels are manned 85 per cent by Nigerians. The managing director of NMSL, Mr Abdulkareem Ahmed, stated this while addressing journalists on Monday during the unveiling of the company’s new logo. He said that the company targets to ensure that at every time,...
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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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